66-Unit All-Affordable Development In Shepherd Park Opens Its Doors
✉️ Want to forward this article? Click here.
A new affordable development near the northern tip of DC is opening its doors.
Beech Tree Place, a 66-unit building in Shepherd Park, officially opened on Tuesday. The Lock7 Development project received bond financing and low-income housing tax credits through DC's Housing Finance Agency, as well as financing through the DC Department of Housing and Community Development‘s Housing Production Trust Fund and from the National Housing Trust Fund.
The units at the five-story development will range from studios to three-bedrooms. Thirteen apartments are reserved for tenants earning at or below 30 percent of area median income (AMI) and the remaining units will be restricted to households earning up to 60 percent of AMI. Amenities at the building, designed by Torti Gallas Urban, include a community room, bicycle storage, and fitness room.
Beech Tree Place is just the latest affordable development to move forward in the region. Here are some other projects in the works:
- Plans Filed For 65-Unit Affordable Development In U Street Corridor
- Jair Lynch Pitches 110-Unit Affordable Development Along Columbia Pike
- Raze Application Filed For 109-Unit Affordable Development Near Benning Road Metro
See other articles related to: affordable housing dc, beech tree place, Lock 7 Development
This article originally published at https://dc.urbanturf.com/articles/blog/66-unit_all-affordable_in_shepherd_park_opens_its_doors/22847.
Most Popular... This Week • Last 30 Days • Ever
Four years after being pitched, a new development along Mt. Pleasant's main drag is l... read »
UrbanTurf takes a look at the options DC homeowners and residents have to take advant... read »
Last week, UrbanTurf took a look at the Maryland suburbs with the highest home price ... read »
The DC Council passed a bill on Tuesday that could bring thousands of new electric ca... read »
The National Geographic Society has big plans for its downtown DC campus.... read »
- 15-Unit Development Pitched For Mount Pleasant Laundromat Moves Forward
- A Solar Panel Primer for DC Residents
- The 6 Northern Virginia Zip Codes With Highest Home Price Appreciation in 2024
- DC Council Passes Bill That Would Bring Thousands Of New EV Stations To The City
- National Geographic To Open Museum, 400-Seat Theater In Downtown DC
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro