Friday, September 4, 2009

District Begins New Affordable Housing Program

From the Press Release:
August 14, 2009

District Begins New Affordable Housing Program

(Washington, DC) – Mayor Adrian M. Fenty on Friday announced the District has implemented the District’s Inclusionary Zoning program, which affords private sector development companies the right to additional density for their projects in exchange for making at least 8 percent of the units in the project affordable.

“We’re building an inclusive city,” said Mayor Fenty. “And that means making sure there are high-quality housing options for residents at every income level throughout the city. We worked very hard to strike the right balance in putting together this program so that it will create as much affordable housing as possible while minimizing any potential burden on the development community.”

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