Statement on Housing Foreclosures in the District of Columbia

In this testimony before members of the D.C. City Council, Peter Tatian, senior researcher in the Urban Institute's Metropolitan Housing and Communities Policy Center and director of NeighborhoodInfo DC, presents recent data showing that, although foreclosure activity has slowed in recent months, many D.C. homeowners are still having difficulty paying their mortgages, which puts them at risk of foreclosure down the road. These data suggest that the city should continue to take steps to protect homeowners, renters, and neighborhoods from the negative impacts of foreclosures.