Mayor Bowser to Break Ground on 202 Affordable Housing Units at St. Elizabeths
(Washington, DC) – (RealEstateRama) — On Tuesday, November 27, at 2:30 pm, Mayor Muriel Bowser and Deputy Mayor for Planning and Economic Development Brian Kenner will break ground on the Residences at St. Elizabeths East, a 252-unit apartment community with 202 affordable housing units, on the historic St. Elizabeths East Campus, delivering on her commitment to provide high-quality, affordable housing to the Congress Heights neighborhood in Ward 8.
This groundbreaking follows the recent announcement of a $51 million affordable housing investment in Ward 8 through the Housing Protection Trust Fund (HPTF) and other funding sources for fiscal year 2019.
Since coming into office, Mayor Bowser has consistently exceeded her annual commitment of $100 million into the HPTF, increasing investments from $58.6 million in FY15 to $106.89 million in FY16 to $138.59 million in FY17 to $167.6 million in FY18. This funding provides gap financing for projects affordable to low and moderate income households. As a result, the Bowser Administration has been able to use multiple programs and tools to deliver 6,000 units of affordable housing, with an additional 5,200 under construction.
WHEN:
Tuesday, November 27, at 2:30 pm
WHO:
Mayor Muriel Bowser
Deputy Mayor for Planning and Economic Development Brian Kenner
Councilmember Trayon White, Ward 8
ANC 8C Chair Mary Cuthbert
Stan Jackson, President, Anacostia Economic Development Corporation
David Flaherty, Chief Executive Officer and Principal, Flaherty & Collins
Duane Miller, Vice President, Community and Asset Management, Flaherty & Collins
Bruce Lowry, Senior Vice President, Tax Counsel and Chief Tax Officer, Western Alliance Bank
WHERE:
Residences at St. Elizabeths East
1100 Oak Drive, SE (enter at Alabama Avenue and 12 Street, SE)
*Closest Metro: Congress Heights Metro Station*
Press interested in attending the event are asked to RSVP to ">
