Designated Affordable Homes Available in EYA’s New Brookland Development
Within seven to nine years, the area around Brookland's Metro station will be built up with artist studio spaces, condos, townhouses and "college town retail—coffee shops, sit-down restaurants, book shops, bike shops" as one representative for developer Jim Abdo put it.
But Abdo's not the only developer sticking a shovel in neighborhood soil soon. Just down the street and around the corner on Jackson Street, EYA's 200-plus townhouse project is within months of a groundbreaking on the old Saint Paul's College campus. The new community will be called "Chancellor’s Row at Brookland Metro" and it will be built in three phases with 28 affordable housing units total.
EYA's market rate homes—three and four-bedrooms—will be sold for prices ranging in the upper $400,000 to the lower $500,000s. But naturally, everyone's obsessed with the deal. EYA marketing director Jennifer Hebert says people have been asking, in particular, about the affordable homes.
Within the first phase, there will likely be 12 affordable homes, with half going to people making 50 to 80 percent of the area median income, and the other half going to people making below 50 percent of the area median income. Here's a bit more info from Hebert:
The homes will be priced so that purchasers in these income ranges can comfortably qualify for the mortgage and purchase price (for example, probably priced no more than $300,000 and potentially less). When we open for sale, we will work for the DC Office of Housing to define how they will be made available (i.e. lottery, first come/first serve, etc.). That has not yet been defined. While we know that everyone wants details about this incredible home purchase opportunity, these estimates are very preliminary and subject to change. Interested purchasers should go to EYA.com, click on COMING SOON, and register for the Priority Preview list for Chancellor’s Row to be updated as we get closer to opening.
The groundbreaking will likely be in June, says Jack Lester, a vice president at EYA.