Obama Administration Helps Jump-Start Two New D.C. Housing Upgrades
The federal government has long taken heat for giving short shrift to cities, and the Obama administration — which recently lost its urban affairs chief after months of lackluster progress — is no exception.
But two projects getting underway in the U.S. capital provide evidence that, slowly but surely, federal funding is making its way to the type of dense urban developments that are becoming more in-demand as the suburbs languish.
The Washington City Paper’s Lydia DePillis first flagged the two housing efforts on Friday afternoon:
Last October, the Obama administration announced
that it would be helping out state housing finance agencies with their
liquidity problems … Last month, D.C. became the first housing finance agency
in the country to close a multi-deal transaction using the federal
dollars, patching together $55.8 million in construction costs for
three rental buildings in the district.
The 52-unit Webster Gardens, which was built in 1921 as the first
garden-style apartment building in the city, will now be the first
building in the city — and therefore the country! — to move forward using
money that started with legislation all the way back in 2008.
The Sheridan project received $5.8 million in stimulus money from the Department of Housing and Urban Development (HUD) last year, which will go towards constructing an energy-efficient replacement for torn-down public housing units in the city’s economically struggling Ward 8. More than one-third of residents in the ward are living below the poverty line, according to the most recent available Census data.