Janeese Lewis George and D.C.'s Housing Future

Real Estate News Today | 2 Min News | The Daily News Now! · Jun 28, 2026 · 1m

Janeese Lewis George is poised to become Washington D.C.’s next mayor, bringing a bold progressive agenda to a city grappling with a $1.1 billion deficit, plummeting downtown property values, and a 15-year low in new construction. Her election echoes similar wins in other major cities, sparking concern among developers wary of new taxes — including a proposed 3% surcharge on passive income and capital gains — that could fund her plans but deter investment. While her promise to build 72,000 new housing units in five years and reform zoning rules aims to revitalize the city, success hinges on…