Even before Covid, Tazra Mitchell lamented that the city’s rental market was “really unforgiving.” By the D.C. Fiscal Policy Institute executive’s estimates, about 40% of D.C.’s low-income households devoted more than a third of their monthly income to paying rent — the federal standard for determining if someone is “cost burdened” by housing prices. In Northern Virginia, more than 67% of households making less than $50,000 annually faced the same challenge in 2019, per the Community Foundation for Northern Virginia.
An ‘unforgiving’ market has gotten worse for D.C.-area renters. What happens next will shape the future.
February 26, 2021