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Mayor Bowser Announces First Office-To-Residential Projects To Receive Tax Abatements

  • September 5th

by UrbanTurf Staff

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1625-mass-1.jpg
Rendering of 1625 Massachusetts Avenue. 

On Thursday morning, Mayor Muriel Bowser announced the three office-to-residential conversion projects that have been conditionally awarded tax abatements through DC's new Housing in Downtown program. Those projects will likely be familiar to UrbanTurf readers, as they include:

The Housing in Downtown program will provide 20-year tax abatements to the conversions above in exchange for at least 10% of the units being affordable at 60% Median Family Income (MFI) or 18% of units affordable at 80% MFI.

“Through these innovative conversion projects, we are transforming old spaces into new uses – in this case, housing – that will bring more people and new vibrancy to our Downtown,” Mayor Bowser said Thursday.

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/mayor_bowser_announces_first_office-to-residential_projects_to_receive_tax_/22677.

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