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Fenty Celebrates Renovation of 98 Affordable Units

Wednesday, March 17, 2010
Renovation of three multi-family buildings in Ward 8 to create 98 affordable housing units.

Mayor Adrian M. Fenty today celebrates the renovation of three multi-family buildings in Ward 8 to create 98 affordable housing units. The Jasper 29T Scattered-Site Project is made up buildings located at 1708-1710 T St SE, 1814-1816 29th St SE, and 1350-1354 Jasper Place SE. Affordable units include 78 at 60% area median income and 20 at 50% area median income.

With a total development cost of $18,057,972, the Jasper 29T project is led by the Department of Housing and Community Development (DHCD).  Funding includes $3.6 million in HOME dollars from HUD and $3.7 million in Tax Credit Exchange under Section 1602 of the American Recovery and Reinvestment Act ARRA which is administered under the U.S. Department of the Treasury.

Jasper 29T is DHCD’s first project funded by ARRA. Development partners for the project include William C. Smith, the U.S. Department of Treasury and Wells Fargo/Wachovia Bank.

“This project renovates underutilized properties while creating much needed affordable housing,” said Mayor Adrian M. Fenty. “These buildings, many of which have sat vacant for nearly a decade, will now provide safe, energy-efficient homes for District residents.”

After it was completely gutted, 1350-1354 Jasper Place SE will now offer 40 2-bedroom units. The building is currently undergoing renovations that include:  repair and shingling of the roof, exterior brickwork and interior structural work.

The buildings on Jasper and 29th have been vacant for approximately 10 years. Prior to construction, which began in January, the building on T Street was partially vacant. The tenants have been temporarily relocated and will move into new units once construction has been completed.

Renovated buildings offer secured entry for residents and the new units are equipped with energy-efficient windows, doors, insulation, and appliances. A management office will be located inside each building.

“This project is moving forward because of the convergence of funding from HUD, the American Recovery and Reinvestment Act, and Well Fargo/Wachovia, and the development expertise of the W.C. Smith Company,” said DHCD Director Leila Finucane Edmonds. “Without the commitment of our public and private partners, this project would have lingered. The development of the properties here on Jasper Place, T Street and 29 Street will help stabilize those neighborhoods, create opportunities for employment, and increase the availability of quality affordable housing for families.”

The three-building development project is expected to be complete by January 2011.