WASHINGTON, DC-Residents in the District’s Southeast area who are in need of low-income housing have cause to celebrate, given the recent news that the District of Columbia Housing Finance Agency has issued nearly $11 million in tax-exempt bonds to help with the redevelopment of the downtrodden Bowling Green Apartments complex. Franklin Capital Group and Jair Lynch Co. are the property owners, and are behind the redevelopment endeavor.

Located at 4th St. and Mississippi Ave., the property is currently home to vacant and condemned buildings that will be demolished to make room for the new and improved residential locale. What will emerge from the construction dust will be a complex consisting of 96 rental units spread out among four low-rise structures. “Bowling Green Apartments adds to the remarkable growth of attractive and affordable homes in Ward 8,” DCHFA executive director Milton Bailey notes. “The District is showing a new skyline and a new landscape east of the River that was never dreamed of ten years ago. The DCHFA and its housing partners are working to make Washington a beautiful city for all its residents.”

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