As US living costs soar, DC homelessness doubles national average
Washington
JUST across the snaking Anacostia River from the trendy Washington Navy Yard neighbourhood, are the Valley Place Family Apartments, a transitional housing complex for some of the most vulnerable residents of the nation's capital.
This is where two mothers, Anita White and Jasmine Kelly, wake up at dawn each day to make a life for their families. Ms White, 27, and Ms Kelly, 25, live in what amounts to a parallel universe in south-east Washington, as the city and its suburbs accumulate staggering wealth while its poorest residents grow poorer. In December, a devastating survey of 32 big cities prepared by the US Conference of Mayors showed Washington with the highest rate of homelessness. There are 124 homeless people for every 10,000 residents here, more than twice the national average. Nationally, homelessness has shrunk 12.9 per cent over the past seven years.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%
OUE wins tender to lease, develop new ‘zero-energy’ hotel at Changi Airport’s T2