AffordableHousing_515452167_Feature_1920x945

01.31.16

Twelve D.C. projects selected for funding

BY Nathaniel S. Cushman

On Friday, D.C. Mayor Muriel Bowser announced a list of 12 projects throughout the city that will benefit from the $100 million budgeted for the Housing Production Trust Fund. In a press release, DHCD identified 7 of the projects as “preservation projects” and 5 as “new production projects.” At least some of the preservation projects, however, will also include production of new units. For instance, Sarah’s Circle’s proposal for preservation of its affordable property which serves low income seniors in Adams Morgan also included the expansion of the building to add a significant number of new affordable units.

According to DHCD, the 12 projects selected for funding will house approximately 1,760 D.C. residents and will result in the preservation or production of over 800 units of affordable housing. Over 25% of the units will be targeted to residents earning 30% or less of Area Median Income. Another 50% of the units will assist residents earning 50% of AMI or less. 83 of the units will be permanent supportive housing for the homeless.

The list of projects is as follows:

  • Glenn Arms, 2518 17th Street NW (Ward 1), SP Affordable Housing Group III, LLC
  • Sarah's Circle, 2551 17th Street NW  (Ward 1), Sarah's Circle
  • Hedin House, 2900 Newton Street NE (Ward 5), THC Affordable Rental Housing, Inc.
  • 1431 E Street NE,1431 E Street NE (Ward 6), Redevelopment Housing Advisors
  • Huntwood Courts, 5005­-5009 Hunt Street NE (Ward 7), New Market Rental Investors LLC        
  • Meadow Green Court, 3605-­3615 Minnesota Avenue (Ward 7), E&G Group LLC
  • Brandywine 30 Preservation, 718 Brandywine Street SE (Ward 8), Dantes Partners  

New Production Projects

  • SOME-­Spring Road, 1433­-1435 Spring Road NW (Ward 4), SOME, Inc.    
  • 3534 East Capitol Street NE, 3534-­3552 E Capitol Street NE (Ward 7), Mid Atlantic Realty Partners, LLC
  • 28th Place SE, 1713 28th Place SE (Ward 7), Habitat for Humanity of Washington, D.C., Inc.
  • 1708 Good Hope Road SE, 1708 Good Hope Road SE (Ward 8), Four Points, LLC
  • Ainger Place, 2412 Ainger PL SE (Ward 8), Ainger Place Development Corporation
author img

Author

Nathaniel S. Cushman

Partner

Posts By this author