NEW YORK: The five hundred and eightieth entry for the seniors housing Global Awards for 2015 has been received.
The project, led by MRP Residential in partnership with The JBG Companies, will include 352 apartments including 106 affordable units, anchored by a ground-floor Whole Foods.
The affordable housing will meet the requirements of a new law passed this Spring to increase the city’s affordable housing supply. Under the law, when the District sells off public land for new housing development, 30% of that housing must be affordable to “deeply affordable” levels. This is especially important here, since the site is so close to a Metro station and major bus lines.
Accordingly, 106 of the project’s 352 apartments (30%) will be permanently affordable for households earning below 50% of the area median income (AMI) and 30% AMI.
