Stop Gentrification and Displacement in Ward 8!
Join the Campaign to Defend Affordable Housing in Congress Heights
What is happening?
Several buildings immediately surrounding the Congress Heights Metro, including four residential buildings, are proposed to be demolished. The plan would create two large towers. One tower will be office space while the second tower will be roughly 200 units of almost entirely market-rate housing. Sanford Capital, the corporate owners of these buildings, has been attempting to clear out residents to pave the way for redevelopment. They have done so using a variety of means, including deliberately allowing units to go into disrepair to the point where they are uninhabitable.
Tenants Speak out at the Zoning Commission
Read more about Sanford tenants from Congress Heights taking their stories to the Zoning Commission.
Bringing the Message to the D.C. Council
Read this report from Justice First's dramatic intervention at the Feb. 26 housing funding oversight hearing of the D.C. Council.
Sanford Capital: A D.C. Slumlord Based in Bethesda Who is Sanford Capital?
A Bethesda-based landlord, Sanford owns many properties in Washington, D.C., and describes its business as follows:
“[A]cquiring value-add apartment properties in up and coming submarkets with tangible growth prospects in Washington, DC. Our business model includes acquiring mismanaged and underperforming properties, the signs of which often include high vacancy, below market rents and/or higher than normal bad debt expense. We add value to our properties by increasing income and decreasing expenses and minimizing collection losses.”
But what is Sanford really doing in D.C.? They buy buildings occupied by low-income residents, force out the tenants, and then sell those buildings to big developers for a profit. They aren’t building affordable housing; they can charge as much as $1,625 per month and still call it “affordable.” But more than that, they simply are replacing this housing with high-cost units.