147 Units to Remain Affordable for Next 40 Years
(WASHINGTON, DC) – (RealEstateRama) — On Thursday, April 20, at 2 pm, Mayor Muriel Bowser will celebrate the completion of renovations at Channel Square Apartments, a 231 unit mixed-income building in Ward 6. Committed to housing preservation for all DC residents, renovations at Channel Square include energy efficient heating and cooling, a computer lab, a community garden, and a playground.
Of the $106 million spent from the Housing Production Trust Fund, $7.4 million went to Channel Square tenants to acquire and renovate the property. Out of 231 units, 147 units are affordable as part of the Mayor’s affordable housing preservation strategy and will stay affordable for 40 years. The Mayor also invested $1.25 million into the largest private solar project in the city that will generate approximately 20 percent of the property’s energy – saving about $20,000 in operating costs each year.
Thursday, April 20, at 2 pm
Mayor Muriel Bowser
Polly Donaldson, Director, DC Department of Housing and Community Development
Channel Square Apartments
325 P Street, SW
*Closest Metro: Waterfront Metro Station*
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