On November 10, affordable owners representing 7 affected buildings met with all of the City Councilmembers’ offices and received a lot of support for their plight: rising condo fees coupled with City-imposed resale/rental restrictions that have placed these owners in impossible and financially disastrous situations. These owners now need the support of and quick action from the Department of Housing and Community Development, who oversees the administration of the Affordable Dwelling Unit program. Please fill in your name and other information below and click “Send” to send the following email to Director John Hall and Housing Regulation Administrator Gilles Stucker. And thank you for supporting yourselves and your neighbors!
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Subject: Find a Solution for Affordable Condo Owners
Dear Director John Hall and Housing Resource Administrator Gilles Stucker,
I am very concerned about the situation of Affordable Dwelling Unit (ADU) owners who were integrated into various market-rate condo buildings throughout Northwest DC. ADU owners representing 7 buildings met with the City Council on November 10 and received a lot of support for their plight; I am hoping for the same support from the Department of Housing and Community Development.
Many of these owners are now paying condo fees that are double what they were paying 3 or 4 years ago, resulting in condo fees that are often over 50% of these owners’ monthly mortgage payments. Some owners’ condo fees are almost more than their mortgage payments. As these fees continue to rise, an enormous cost burden is placed on these low and moderate-income families.
These ADU owners have been put in an impossible situation due to poor City planning and overtly restrictive policies.
These families want to continue living in their homes, but due to the rising condo fees, many of them will have to sell. However, the City-imposed resale restrictions on these ADUs require the owners to sell to prospective buyers at certain Area Median Income categories. Due to the high and rising condo fees, many buyers in these income categories would not qualify for the units.
Compounding the issue even further for those owners who cannot sell their units, renting out their homes is not an option either. If ADU owners are allowed to rent out their units, which varies depending on the condo building, the City-imposed rental restrictions force them to rent their units at prices that are lower than the monthly costs associated with owning units.
The current and escalating situation has left many ADU owners with no other option besides future foreclosure or taking the City to court. Affordable homeownership is supposed to provide stability and opportunity for families, not instability and financial ruin.
I implore you to act quickly on behalf of these owners to find equitable solutions for the situation the City has created. I look forward to what DHCD and the City Council will do together to address this situation and how the ADU program will be restructured in the future to avoid similar problems.
(Sign Your Name)