Tuesday, January 4, 2011

Council Passes SW Waterfront Affordable Housing Bill

I forgot to mention this before the holidays, but the DC Council unanimously passed a bill last month that changes the rules regarding affordable housing requirements at the Southwest Waterfront development. The new law requires that 30% of the first 500 units built are to be affordable, with half of the units reserved for households earning up to 60% of Area Median Income (AMI) and the other half for households earning up to 30% of AMI. Washington's AMI is $103,500, so 75 units will be for households earning about $62,100 and another 75 units for households earning about $31,050. For any housing units built beyond the 500-unit amount, at least 20% of those units will be reserved as "workforce housing," which are for people in occupations such as teachers, nurses, police officers, and fire fighters. Currently, there are plans to build a total of 560 residential units, so 12 of those units will be reserved as workforce housing. If more units are built, then at least 20% of those units will be workforce housing.

4 comments:

Anonymous said...

great pic. where was it taken?

SWill said...

Thanks! This photo was taken near the Thomas Law house.

Sarah N said...

Does anyone know more about why the rules were changed so suddenly on this project? Was it at the request of the developer or SW community leaders? What was the rationale for the Council?

SWill said...

Sarah N: I'm not sure who requested the change (my guess is the developer), but the change now allows affordable workforce housing to be built on the waterfront, whereas before it was just lower income affordable housing.