D.C. City Council member David A. Clarke (D-Ward 1) has asked the D.C. auditor and the council's housing committee to determine why the government-funded D.C. Development Corp. abandoned a plan to set aside eight homes in Shaw for low-income tenants for 20 years and, instead, sold the homes to developers who plan to convert them to condominiums.
Clarke's request came after The Washington Post reported Monday that DCDC had waived requirements that called for renting the 20 apartments in the homes to government-subsidized tenants for 20 years and selling the homes only to buyers who would live in them.
Clarke said he questioned "the propriety" of selling the homes to developer David Clark (no relation to the council member) and Luther H. Hodges, Jr., head of the National Bank of Washington, "given the apparent irregularities in these sales."
The two men purchased the homes recently for nearly $1.7 million after DCDC had failed for 18 months to sell the units, which ranged in price from $149,580 to $242,850. DCDC is a nonprofit, independent corporation that operates as a home loan and rehabilitation arm of the city's housing department.