“Parcel 42 has been discussed for years, but because of Mayor Bowser’s leadership and the hard work of the DMPED team, 108 units of affordable housing are on their way in this amenity rich neighborhood,” said Deputy Mayor for Planning and Economic Development John Falcicchio. Construction is anticipated to begin in the next few weeks and completed by 2024. The project is estimated to support approximately 33 permanent jobs, with 30% filled by DC residents and about 200 construction jobs, half of those being filled by DC residents. “Our RFP” is a community-based approach to developing requests for proposals (RFPs) implemented in Mayor Bowser’s first term that engaged residents to ensure their needs, wants, and priorities were understood and taken into consideration before crafting the RFP. Parcel 42, developed by Dantes Partners and the H Street Community Development Corporation, was the District’s first “Our RFP” project that incorporated community engagement early in the design. On-site amenities will include retail space, amenity space serving retail, a management office, fitness room, penthouse clubroom, and five central laundry rooms. Two units will be market-rate, while the remaining 108 apartment homes will be reserved for residents earning up to 80 percent of the area median income (AMI), with the majority reserved for those earning 60 percent or less AMI. Parcel 42, a project that originally started during the Fenty Administration in 2007 and has been vacant for roughly 20 years, will consist of studio units as well as one-and two-bedroom apartments. When we come back to cut the ribbon, we’ll be 108 homes closer to our goal of 12,000 new affordable homes by 2025.” “This is a project that has gone through several mayors, and I’m proud that today we can begin the transformation of this vacant lot into much-needed affordable housing. “When we engage the community early, then we can deliver a project that people are excited about - and that’s what we’re doing here at Parcel 42,” said Mayor Bowser. On 2/26/22, the project team along with Mayor Muriel Bowser, the District of Columbia Housing Finance Agency (DCHFA), District leaders, and community members officially broker ground on the project, DC’s first “Our RFP” project, a mixed-use and 98% affordable apartment building with 110-units and ground floor retail space located at 7th Street NW and Rhode Island Avenue in Ward 2. The developer also secured over $87M in financing for the project through a series of bonds, loans, and affordable housing tax credits including a loan from Amazon. Dantes Partners Closes on Parcel 42 Site - Project Breaks Groundĭantes Partners have officially closed on the Parcel 42 site along 7th Street NW.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |