Ground Breaks on 76-Unit All-Affordable Development Near Audi Field
✉️ Want to forward this article? Click here.
Just over two years after receiving zoning approval, ground has broken on an all-affordable development a block from DC's Audi Field.
A ceremony this morning marked the groundbreaking of the 76-unit development at 1550 First Street SW (map). Led by TM Associates in partnership with United Planning Organization (UPO), the 11-story building will also deliver 3,000 square feet of ground-floor retail.
The apartments will be affordable to households earning up to 50% of area median income (AMI), with the exception of 16 units of permanent supportive housing for households earning up to 30% AMI. The unit mix will span from studios to four-bedrooms. UPO will also have an outpost on the ground floor to administer support services to building and neighborhood residents, including job training and placement. There will be 46 below-grade parking spaces.
UPO president Andrea Thomas noted that this project will be the first affordable development built in the neighborhood in over a decade. TM Associates Senior Vice President Neil Mutreja thanked designer PGN Architects in his remarks, noting that the building design breaks tradition with the perception of how affordable housing is expected to look.
"Your vision and quality of design for what will be built here will change the landscape of affordable housing in the District forever," Mutreja stated. "We were able to achieve a truly market-rate product for the affordable community."
A second phase for the development received zoning approval last year and is expected to deliver an additional 101 affordable units above ground-floor commercial space to 1530 First Street SW (map). The development team hopes to close on financing for the second phase this year.
See other articles related to: affordable housing, affordable housing dc, dc housing finance agency, dchfa, housing production trust fund, hptf, pgn architects, southwest, tm associates, united planning organization
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/ground-breaks-on-all-affordable-development-near-audi-field/16376.
Most Popular... This Week • Last 30 Days • Ever
A look at the closing costs that homebuyers pay at the closing table.... read »
3331 N Street NW sold in an off-market transaction on Thursday for nearly $12 million... read »
In this article, UrbanTurf will explore the considerations and steps involved in buyi... read »
The most expensive home to sell in the DC region in years closed on Halloween for an ... read »
Paradigm Development Company has plans in the works to build a 12-story, 110-unit con... 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