It was the best of times for some residents of two D.C. apartment buildings — granite countertops and shiny appliances in upscale apartments. But it was the worst of times for those in the rent-controlled rooms, which residents say were plagued with dilapidated conditions.
May 3, 2012In 2010, Urban Investment Partners bought the New Hampshire and adjacent Quincy apartment buildings in the Petworth area of the District. The company promised to upgrade the buildings and let the residents who chose to stay keep their apartments rent controlled. Those who wished to leave could walk away with a buyout of $10,000. In exchange, the owner would be allowed to charge new tenants higher, market-rate rents.Michael S. Williamson/THE WASHINGTON POST