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Today was the official ribbon-cutting for The Residences at Georgia Avenue, a 72-unit affordable housing building in Petworth. It’s a pretty sweet looking building for below-market-rate units. Here are some of the building’s features, according to its leasing website:

  • Full kitchens with Dishwasher and Maple cabinets
  • Individually Controlled Central Heating and Air Conditioning
  • Energy efficient windows and appliances
  • Laundry Facilities on each floor;
  • Community Launch with Computer and Internet Access
  • On‐site Management Office;
  • Green roof with rooftop gathering space;
  • Secure building with key card access and camera monitoring;
  • Full Service Grocery Store; YES! Organic
  • Spanish Education Development Center ‐ (across the Street)

Funding came together from the Department of Housing and Community Development (DHCD) and the District Housing Finance Agency (HFA), who contributed almost $20 million. “About $6.7 million was used from the District’s from the Housing Production Trust Fund, which is administered by DHCD. The HFA secured more than $13 million in short term and long term debt financing,” according to a press release from the mayor’s office.