(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.
Tuesday, November 27, at 2:30 pm
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
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 ">. To view the event online, visit mayor.dc.gov/live or tune in on Channel 16 (DCN).