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Committee hears how rent delinquencies and arrears are stressing DC housing market
Summary
Witnesses and agency directors told the Committee on Housing that elevated rent nonpayment is stressing small owners, threatening preservation projects and reducing investor interest in DC multifamily markets; they urged a mix of stabilization funding, protections for tenants and reforms to speed deals.
Multiple witnesses told the Committee on Housing on June 9 that elevated rent arrears and a lengthy post‑pandemic slump in multifamily transactions are producing a “cascade” of problems across the District's housing system.
Developers, small owners and members of the Apartment and Office Building Association said long‑running nonpayment compressed landlords’ operating capital and made preservation work harder. Dean Hunter of the Small Multifamily and Rental Owners Association said small landlords — many minority‑owned — had “lost more…
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