What's Hot: 702,000: DC Sees Population Rise Again In 2024
DC to Dispose of Land Across from Anacostia Metro for 18 Workforce Townhouses
✉️ Want to forward this article? Click here.
On Tuesday, the DC Council approved disposition of a site across the street from the Anacostia Metro station to facilitate development of 18 for-sale townhouses.
The disposition would sell the 27,024 square-foot site at 1004-1018 Howard Road SE (map) to Howard Road Community Partners for $1; DC purchased the land from WMATA in 2014 for $1.55 million. The site still has a WMATA easement and Metrorail tunnels beneath.
The Council commissioned an appraisal that valued the property at $1 for the development on the table, or $1.2 million on the open market. Under RA-1 zoning, the site allows for detached or attached dwellings up to three stories or a multi-unit building.
A 2018 solicitation only received one proposal, and the developer has stated that multifamily isn't feasible at the site due to the WMATA tunnel underneath. A DC Council committee report concludes that the city overpaid for the site, although the lack of responses to the solicitation makes the current proposal a good deal. "The most charitable analysis of the purchase would be that the District effectively subsidized Metro in order to put land to more productive use," the report states.
Of the townhouses planned for the site, three will be affordable to households earning up to 50% of area median income (AMI), three for households earning up to 80% of AMI, and 12 for households earning up to 120% of AMI. Each will have three bedrooms, 3.5 baths and a garage, and eight of the units at 120% of AMI will also have balconies.
The development team includes ASSET Management Consulting and H2DesignBuild.
See other articles related to: affordable housing, affordable housing dc, anacostia, dc council, dhcd, hillsdale, howard road, workforce housing
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/dc-disposing-of-land-across-from-anacostia-metro-for-18-workforce-townhouse/17098.
Most Popular... This Week • Last 30 Days • Ever
If the home ultimately sells for around that list price, it would set a record as the... read »
When purchasing a home, it's crucial to conduct a thorough inspection to determine th... read »
The federal government could be shut down by the end of today, and that shutdown coul... read »
The multi-faceted project will include restaurant, bar, fitness and event spaces.... read »
The 16,250 square-foot home along Foxhall Road NW owned by Fox News anchor Bret Baier... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro