ECONOMIC DEVELOPMENT | The area around New York Avenue has a tumultuous history in the District. Its recent history tells what happens when economic development leads to gentrification and what happens when some residents are left out. (Medium, 3/9)
NoMa BID was formed in 2007 and wasted little time ushering in development and breaking ground on new projects every few months. In the last nine years, NoMa BID helped attract notable tenants to the neighborhood, such as NPR, Google, and the Department of Homeland Security. Since the Metro station opened, the amount of office and retail space has doubled within NoMa BID’s borders. In addition to the 3,836 existing apartments, about 1,000 units — many of them luxury dwellings — are nearing completion.
Today, development continues at a fast clip, with gleaming high-rises towering over construction sites where eager developers scramble to break ground. But along certain borders of the BID, the development and economic activity abruptly halts — most notably along its North Capitol Street border with Truxton Circle.
– Polly Donaldson, director of DC’s Department of Housing and Community Development, discusses the state of affordable housing in the District. (Curbed, 3/21)
– Airbnbs’ rental practices could be driving up rent in DC (GGW, 3/21)
RACIAL EQUITY | Why Black Families Struggle to Build Wealth (Atlantic, 3/20)
IMMIGRATION | More Than 60 D.C. Area Congregations Launch Network to Protect Immigrants (WCP, 3/22)
– The DC Council has proposed a bill that would require employers who provide their employees with free or subsidized parking to give them an option of receiving the money instead. (WaPo, 3/17)
– Opinion: Employee-owned Businesses Can Boost Local Economies (NPQ, 3/21)
ECONOMY | Virginia Economic Department Partnership CEO shares his priorities for the state and how Loudoun County can help. (LoudounNow, 3/20)
The Funk Parade is almost here!