D.C. Mayor Muriel E. Bowser will launch a “strike force” this summer to form recommendations aimed at preventing displacement.
, she said in a news release. Its members, who will be appointed by Bowser in June, will include nonprofit leaders and community representatives with expertise in housing, real estate and finance, among other industries. They will have about four months to finalize proposals.
her administration’s efforts to prevent low- to moderate-income residents from being priced out of their homes.Bowser’s newest initiative aims to alleviate racial inequities in homeownership, which her administration said is “increasingly out of reach for Black first-time home buyers.
It’s a discrepancy that has widened since the period between 2010 and 2014, when a first-time home buyer with the average White household income could afford 67 percent of homes sold in the district, while those with the average Black household income could afford 9.3 percent.
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