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Residents Buy Building in Columbia Heights

April 11, 2014

Last month residents at the 13-unit building at 1445 Spring Road NW closed on the sale of their building, becoming homeowners in a neighborhood of rapidly rising rents. In taking advantage of a D.C. law that allows tenants a first shot at buying a building that’s going on the market, Pineda and her neighbors bucked the trend of low-income residents being displaced by housing prices and rents that have jumped in recent years. (WAMU)

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