The 11 projects, which are located Wards 1,4,5,7, and 8, were selected by the District's Department of Housing and Community Development through a competitive bid process to apply for funding assistance. They include rental, senior housing and for-sale homes as well as about 100 units of permanent housing for the homeless. They will also comply with DC's green building standards.
Additional affordable housing could be entering DC's supply as well: the District is also issuing a solicitation to redevelop three properties one block north of the Georgia Avenue-Petworth metro station into a mix of retail and housing. Essentially empty storefronts and vacant lots, they are located at 3813, 3815 and 3825-29 Georgia Ave. NW; with 3813 and 3815 able to be treated as a single development opportunity. DC would like to have on board one or two development partners for the project, according to Mayor Adrian Fenty's office. Responses to the solicitation will be due this summer. Winning bidders will be selected early this fall.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
