July 20, 2016
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Alexandria: Market Affordable Homes in Freefall
Tax increases push rent increases; rent increases push out residents.
Alexandria has lost of 8,000 market affordable homes since 2010. Most weren’t lost to dramatic demolitions or fires. They were lost in moments like the one Clifford Wilkening is facing; where an increase in property taxes is forcing the owner of 31 buildings housing 200 city residents to consider his first rent increase in around eight years.
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