Testimony Foreclosures in the District of Columbia
Testimony Before the Council of the District of Columbia, Committee on Public Services and Consumer Affairs
Peter A. Tatian
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This testimony discusses recent data, compiled by NeighborhoodInfo DC, on foreclosures in Washington, D.C. Foreclosures have almost doubled since 2005, and data for the first quarter of 2008 show that the problem continues to worsen. With additional adjustable-rate, subprime loans scheduled to reset over the next two years, the situation is especially serious for homeowners in wards and neighborhoods where foreclosures are concentrated.

Research Areas Neighborhoods, cities, and metros Race and equity
Tags Racial and ethnic disparities Washington, DC, research initiative
Policy Centers Metropolitan Housing and Communities Policy Center
Cities Washington-Arlington-Alexandria, DC-VA-MD-WV