In a rare move, developers in Washington, D.C. are proceeding with an entirely affordable housing development.
The NRP Group and Marshall Heights Community Development Organization proposed a 127-unit project for 101 Tingey Street, sometimes known as Tingey Plaza, the Washington Business Journal reported. The vacant site isn’t far from the Department of Transportation headquarters and Nationals Park.
The 12-story building would include units ranging from studios to three-bedroom apartments, including a penthouse. Every unit would be earmarked for households earning between 30 and 50 percent of the area median income.
It’s the only project in The Yards neighborhood that will be entirely affordable, according to the project application.
Michael Graves Architecture is designing the building, according to documents submitted to the D.C. Zoning Commission. In its documents, the developers touted the project as an addition of significant affordable housing in a “neighborhood with housing, retail, office and entertainment options.”
The joint venture developing the project doesn’t own the land for it yet. Anfield Holdings purchased the vacant lot two years ago for $2 million. The developers are under contract to buy it from Anfield for an undisclosed price.
It’s unclear how much the project will cost or how it will be funded. The developers behind the joint venture did not respond to the Business Journal’s request for comment.
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Previous ideas for developing the site included putting a small retail property there to serve the workers of the nascent DOT headquarters. The latest proposal would include 2,700 square feet of ground-level retail.
The first hearing on the project was held last week by the Zoning Commission, which advanced the proposal for final review. It did not set a date yet for the next hearing.
About a week ago, NRP filed plans to construct a two-building apartment project at 8705 Decker Lane Road in Austin, Texas. The $52 million development will span 486,000 square feet, but the unit total isn’t clear.