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The Downside of Development

by Matt Mayrl on March 9, 2008 in All Politics is Local: An Urban Policy Blog

Thought I’d share this interesting article in the Washington Post about how the DC’s hot real estate market is leading to the loss of affordable rental units.  It’s a good reminder that economic development challenges vary widely from city to city, based on the strength of the real estate market.  Also, it highlights the need for urban policymakers to  review regulations, codes, and oversight techniques to make sure they continue to advance the public interest as the market changes.

Written by Matt Mayrl · Filed Under All Politics is Local: An Urban Policy Blog 

Matthew Mayrl is a second-year public policy student at the Harvard Kennedy School, and co-chair of the school's urban policy professional interest group. He enjoys places of density, diversity, functioning mass transit, dive bars, and good restaurants. An occasional contributor to the The Citizen, he looks forward to inculcating more people with the urban gospel through this blog.

Comments

One Response to “The Downside of Development”

  1. John McDermott on March 9th, 2008 9:58 pm

    Interesting article. There’s been a similar problem in the east end of London over the last decade. Fortunately, the Guinness Partnership and other organizations are working hard to protect residents and correct the more egregious aspects of the capital’s housing market. They do some interesting work, check it out:

    http://www.guinnesspartnership.com/working/

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