"Certificates of assurance” might sound like dry legal documents, but they could generate windfalls for D.C. landlords or perhaps even handcuff lawmakers if they ever try to expand rent control protections in the city.

Its technical-sounding name aside, the principle behind these certificates is relatively simple: if D.C. expands its definition of which buildings fall under rent control, the owners of any affected properties can ask for a tax credit to offset that change….

The Department of Housing and Community Development (DHCD) has provided $6.4 million in financing from the Housing Production Trust Fund (HPTF) to produce 26 new homeownership units in in the Twining neighborhood of Ward 7.

"This is another project that helps us move toward 12,000 new affordable housing units by 2025," said DHCD Director Polly Donaldson. "It's also the culmination of consistent engagement between the community, the developer and our team. We're excited to invest in affordable homeownership opportunities in this neighborhood."

PRNewswire

When the pandemic and economic shutdown began to hit the District in March, there were some anxious weeks about what that would mean for the local housing market.

While activity paused in early spring, buyers came back strong over the summer, driving median sales prices even higher because of the limited number of homes for sale. In September, the median sale price for a house in the District rose to $639,000, an 11 percent increase compared with September 2019, according to Bright MLS.

Today, Department of Housing and Community Development (DHCD) Director Polly Donaldson released the eligibility criteria and enumerated the process for selling two completely rehabilitated homes at 1319 V Street, SE and 1328 W Street, SE.