Yesterday, Mayor Adrian Fenty announced that Blue Skye Development will build a 26-unit condo project in Brightwood. Roughly half of the condos will be sold to couples earning up to $55,000. The other units will be market-rate, the Washington Postreports.
Ward 8 Councilmember Marion Barry has introduced a bill to put away $100 million annually for the New Communities project, reports the Washington Business Journal. The Housing Production Trust Fund, “the city’s pot of cash for lowering housing costs,” is not generating enough money: in fiscal year 2007, it took in $59 million; in the current fiscal year, it’s projected to bring in $29 million.
A southeast D.C. apartment community will receive millions for green improvements, according to the Washington Business Journal.“Community Preservation and Development Corp. will replace existing building systems, upgrade the existing flat roof with a new pitched roof, and do site improvements and extensive interior renovations.”