Gray Ups Affordable Housing Commitment to $187 Million
Nearly nine months after committing to a one-time, $100 million investment in affordable housing, Mayor Vince Gray announced today that he was expanding that commitment to $187 million, with the goal of creating or preserving nearly 3,200 affordable housing units in the city.
Gray's announcement, made this morning at a press briefing in Takoma, includes news of two specific investments, among the other projects that will be funded. One, spearheaded by the Department of Housing and Community Development, is Metro Village, a five-story, 150-unit mixed-income project near the Takoma Metro station. Of those units, 120 will be reserved for households making under 60 percent of the area median income; the other 30 will be market rate.
The second project is the Parkway Overlook, a sprawling ghost town of vacant apartments that used to house more than 1,000 low-income people south of Anacostia. The project, led by the D.C. Housing Finance Agency, will reportedly convert the complex into 180 units of affordable housing. I'm awaiting more details on the planned redevelopment.
According to Gray's office, 2,521 affordable housing units have so far been added since Gray became mayor, and an additional 2,770 units have closed or are under construction.
Photo by Darrow Montgomery