Councilmember Silverman Introduces Legislation to Revitalize Vacant Properties and Boost Retirement Savings
Posted by Ashley Fox on March 21, 2017 at 6:02 PM
At-Large D.C. Councilmember Elissa Silverman today introduced two bills to help our local government function more effectively by getting District government out of the business of owning vacant properties and boosting D.C. government’s competitiveness in the hiring market.
The first bill, the Property Disposition Reform Amendment Act of 2017, aims to get vacant and blighted properties owned by District government into productive use by engaging licensed real estate brokers to sell these properties on the District’s behalf. The bill requires the Department of Housing and Community Development—which currently has up to 180 vacant and blighted properties in its portfolio—to follow a broker disposition process used by the U.S. Department of Housing and Urban Development. This would put properties on a faster track to getting back into use for affordable housing or other purposes, but does not change the current mission of selling these Property Acquisition and Disposition Division or “PADD” properties to non-profit organizations at a significantly discounted rate for the purpose of redeveloping them for low and moderate income residents.Read more