“We acquired the lot back in the mid-90s from the DC government under the Homestead Program. The exchange was that we got the property and would develop it affordably,” said Karen Williams, Project Manager at Manna, Inc. “We have to get approved by [the Office of Housing and Community Development] because it is a Homestead project. That program no longer exists…but is now administered by the Property Acquisition and Disposition Division.”
The three-story project’s units will start at 551 square feet for a one bedroom with the largest, two-bedroom units measuring in at 1025 square feet. All will be available to area residents making less than 60% AMI, and, though there’s no word on what types of amenities are planned for the site, the project will be built according Enterprise Community Partners’ “Green Communities Criteria” – a LEED “aligned” program specifically aimed at certifying eco-friendly, affordable housing. Given the project’s ties the recent flurry of similarly minded DC developments, Cardozo Court looks to be on the fast track to breaking ground by summer’s end.
“We’re two steps away from getting our building permit,” said Williams. “Right now it’s in [the Washington Area Sewer Authority] and then it’ll go to structural, but, with permitting, you can hardly guess at [a solid date]. Ideally, we would start later this summer or in the early fall.”
Prices at Cardozo Court will start at $175,000 and, once completed, the development will join two other two other District-sponsored, brand-new, affordable residential developments: Somerset Development’s Hubbard Place redevelopment at 3500 14th Street, NW and Jubilee Inc.’s refurbished Ontario Court apartments at 2525 Ontario Road, NW in Adams Morgan.
Washington DC real estate development news