Housing in the Nation's Capital 2003

HousingIN THENATION’S CAPITAL20034000 Wisconsin Avenue, NWNorth Tower, Suite OneWashington, DC 20016-2804(202) 274-8000www.fanniemaefoundation.orgwww.knowledgeplex.orgFMF R 236THE URBAN INSTITUTEWASHINGTON, DCHousing in the Nation’s Capital 2003FANNIE MAE FOUNDATION Franklin D. RainesChairmanStacey D. StewartPresident and CEO and DirectorKenneth J. BaconDirectorFloyd FlakeDirectorStephen GoldsmithDirectorJamie S. GorelickDirectorCharles V. GreenerDirectorColleen HernandezDirectorLouis W. HoyesDirectorStewart KwohDirectorRobert J. LevinTreasurer and DirectorWilliam R. MaloniDirectorDaniel H. MuddDirectorJohn SassoDirectorRebecca R. SenhauserDirectorH. Patrick SwygertDirectorKaren Hastie WilliamsDirectorBarry ZigasDirectorGlen S. HowardSecretaryStacey D. StewartPresident and CEOGlen S. HowardGeneral Counsel and Senior Vice PresidentBeverly L. BarnesSenior Vice PresidentCommunicationsPeter BeardSenior Vice President Knowledge Access andTechnology StrategyJames H. CarrSenior Vice President Financial Innovation,Planning, and ResearchKevin SmithSenior Vice President Finance and AdministrationSheila F. MaithVice President Leadership and PracticeDevelopmentBOARD OF DIRECTORSOFFICERSThe Fannie Mae Foundation creates affordable homeownership and housing opportunities through innovativepartnerships and initiatives that build healthy, vibrant communities across the United States. The Foundation isspecially committed to improving the quality of life for the people of its hometown, Washington D.C., and toenhancing the livability of the city’s neighborhoods. Headquartered in Washington, D.C., the Foundation is aprivate, nonprofit organization whose sole source of support is Fannie Mae, and has regional offices in Atlanta,Chicago, Dallas, Pasadena, and Philadelphia.©Fannie Mae Foundation 2003.All Rights Reserved.The Fannie Mae Foundation, through its publications and otherprograms, is committed to the full and fair exposition of issuesrelated to affordable housing and community development. The opinions expressed in this publication are those of theauthors and do not necessarily represent the views of theFannie Mae Foundation or its officers or directors. Table of ContentsHousing IN THENATION’S CAPITAL2003FOREWORD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . iiiEXECUTIVE SUMMARY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CHAPTER 1Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5CHAPTER 2 Economic and Demographic Context . . . . . . . . . . . . . . . . . . . . . . . . . . . 8CHAPTER 3Housing Stock and Production . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17CHAPTER 4Homeownership Market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25CHAPTER 5Rental Housing Market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35CHAPTER 6 Low-Income Housing Needs and Resources . . . . . . . . . . . . . . . . . . . . . 43CHAPTER 7Patterns of Concentrated Neighborhood Poverty. . . . . . . . . . . . . . . . . . . . 51AUTHORS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56ENDNOTES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56REFERENCES. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58APPENDIXES. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59TABLE OF CONTENTSPREPARED FOR THEFANNIE MAE FOUNDATIONBY THE URBAN INSTITUTEMARGERY AUSTIN TURNERG. THOMAS KINGSLEYKATHRYN L. S. PETTITCHRISTOPHER W. SNOWPETER A. TATIANALISA WILSONTHE URBAN INSTITUTEWASHINGTON, DC Housing in the Nation’s Capital 2003iiThe text highlights findings for neighborhood “clusters,”areas defined by the District’s Office of Planning andmade up of three to five neighborhoods. The text iden-tifies the cluster by the first neighborhood listed for thatcluster, followed by the cluster number. A listing of theneighborhoods in each cluster appears in Appendix A.CHAPTER 2 Cathedral Heights (14) . . . . . . . . . . . . . . . . . . . 12Colonial Village (16) . . . . . . . . . . . . . . . . . . . . 14Near Southeast (27). . . . . . . . . . . . . . . . . . . . . 15CHAPTER 3Lamond Riggs (19) . . . . . . . . . . . . . . . . . . . . . 18Douglass (38) . . . . . . . . . . . . . . . . . . . . . . . . . 21Historic Anacostia (28) . . . . . . . . . . . . . . . . . . . 22CHAPTER 4Howard University (3) . . . . . . . . . . . . . . . . . . . 26North Michigan Park (20) . . . . . . . . . . . . . . . . 27Mayfair (30) . . . . . . . . . . . . . . . . . . . . . . . . . . 29CHAPTER 5Cleveland Park (15) . . . . . . . . . . . . . . . . . . . . . 36Fairfax Village (35) . . . . . . . . . . . . . . . . . . . . . 38Eastland Gardens (29) . . . . . . . . . . . . . . . . . . . 39CHAPTER 6 Sheridan (37) . . .