Tuesday, March 25, 2008

DC Gets Mad Loot from the Feds for Sheridan Terrace

Mayor Fenty announced today that Washington DC is the proud recipient of a $20 million Department of Housing and Urban Development grant, to be used for the redevelopment of the Sheridan Terrace housing project in Ward 8. The announcement fits in nicely with the Deputy Mayor of Planning and Economic Development's New Communities Initiative, which has the task of increasing the housing supply. Sheridan Terrace is planned to house 336 units of brand new mixed-income housing. Through the use of some complex financing, the DC Housing Authority in partnership with the William C. Smith Companies, will leverage the grant money to create the entire $100 million financing package needed to complete the new construction.

Sheridan Terrace was once a vibrant (ahem), 183-unit, public-housing community in Ward 8, but was demolished in 1997 because of sub-optimal conditions due to flooding. The 336 units that are now planned will be broken up into 70 stacked townhomes, 110 townhouses, 56 manor homes (whatever those are) and a 100-unit apartment complex.

“These grants have been a great tool in helping turn around some of our most challenged communities. This most recent grant is truly significant in that it will not only provide hundreds of much needed new housing in Ward 8, but it will play a significant role in helping us move forward with our nearby Barry Farm/Park Chester/Wade Road New Community,” said the Mayor, who is referring to the relocation possibilities that the new housing complex will offer to current residents of Barry Farm, now slated for demolition (the building, that is, not the residents).

The grant, in fact, is meant primarily as a relocation space for current residents of Barry Farms, while their neighborhood is being demolished and rebuilt as a "new community," and has the added benefit of increasing the overall housing supply in Ward 8. The District's plan for Barry Farm includes more than 1,100 units of new housing, both workforce and market-rate, as well as a school, community center and plenty of urban space.


Anonymous said...

The question is where does DC move the prostitution and the drug activity in this area? $20 million to rebuild the area. $80 million needs to remove the people. Where is the world going? I say put a office building there.

Anonymous said...

I agree, an office building would be a great idea for this spot. How about at the corner of MLK and Sheridan on the triangle that used to be an old gas station. Right across the street from the Metro - great location for an office building.

Anonymous said...

80 million to remove the people. ha... you cracker scum.


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