Current ownership of the property overlaps separate entities: the DC Housing Authority and the city, while the National Park Sevice holds some administrative jurisdiction over a few of the parcels. Most of the land currently sits unzoned, except for a small section which is being used for public housing. The foundation created by Abe Pollin - owner the Wizards and Verizon Center - proposes new rental units to replace the existing 42 public housing units on the site and 125 new affordable housing units available for incomes between 40% and 100% AMI; 83 of those units will be for sale.
One of the most unique aspects of this particular real estate deal is the project's financing. According to Mr. John Stranix, Pollin's representative before the Zoning Commission. "The Pollin Foundation would develop the houses and take no fee. My time as development manager is not [being] charged to the project." Pollin's philanthropic contributions to Parkside are well founded, according to Mr. Stranix at a zoning meeting over this past summer: "[Mr. Pollin] believes there's a dire need for quality affordable homes. His vision is to create communities that satisfy this need by providing mixed income affordable housing and that's the project we bring before you this evening." Mr. Pollin was unable to be reached for comment. The project will be reviewed by the National Capital Planning Commission on December 6th.