Money Being Pumped into DC Neighborhood Development
Developers in certain neighborhoods throughout DC have a chance to receive $145,000 in pre-development grant money, Washington Business Journal’s Jonathan O’Connell reported yesterday.
“Money can be used toward developers’ costs related to planning, environmental work, accounting, market studies, soil testing, legal services and other expenses,” O’Connell wrote.
Builders in the following neighborhoods are eligible for the money:
Anacostia, Bellevue, Bloomingdale/Eckington, Brightwood/Upper Georgia Avenue, Brookland/Edgewood, Columbia Heights, Congress Heights, Deanwood Heights, H Street NE, Logan Circle, Shaw and Washington Highlands.
(Communities like Columbia Heights could benefit from the grant money)
These neighborhoods already have numerous DC Condos and expect to see more in the near future. Check them all out on CondoDomain. The money will certainly benefit these communities.
“The fund, created as part of the agreement to build Nationals Park, has $5.2 million available this round to support development of either affordable housing projects of at least 10 units, facilities providing community benefits or mixed-use projects that propose some combination of housing, office space and community facilities,” O’Connell wrote.
“Follow the money,” Deep Throat whispered to Bob Woodward in the 1976 DC-based movie All the President’s Men. That’s exactly what is happening in the District over 30 years later. People from all over are moving to DC with hopes of benefiting from money that’s being pumped into government jobs.
And now it is being pumped into DC neighborhood development as well, which is a very good thing.
Search all of our DC Condos in these neighborhoods as well as others on CondoDomain!
