January 22, 2015
November 26, 2014
HOUSING | Earlier this year, D.C. Mayor Vincent Gray announced a $100 million investment in affordable housing preservation and production in the District. At a press conference this morning, he added $87 million to that investment. The goal is now to create or preserve 3,200 housing units. City Paper’s Aaron Wiener reports on the details (CP, 11/20):
Gray’s announcement…includes news of two specific investments. One, spearheaded by the Department of Housing and Community Development, is Metro Village, a five-story, 150-unit mixed-income project near the Takoma Metro station. Of those units, 120 will be reserved for households making under 60 percent of the area median income; the other 30 will be market rate.
The second project is the Parkway Overlook, a sprawling ghost town of vacant apartments that used to house more than 1,000 low-income people south of Anacostia. The project, led by the D.C. Housing Finance Agency, will reportedly convert the complex into 180 units of affordable housing.
Full article can be found here.