A multi-family, federally subsidized low-income rental project now under construction near 14th and Euclid streets NW was dedicated by neighborhood officials at a special ribbon-cutting ceremony early this week.

The special ceremony marked the building of the 112-unit Faircliff Housing Project, which has been in the planning stage for nearly 10 years. The project will be the first on 14th Street to have a 100 percent federal rent subsidy under the new Section 8 federal housing subsidy program, according to William Ellis, executive director of the 14th Street Project Area Committee.

The project, according to the spokesman, is designed for low-income families, unlike other recently constructed projects nearby that have been targeted for moderate-income families. "We are shooting for families earning from Zero-to-$18,005," Ellis said.

Under the federal rent subsidy program, tenants pay one-quarter of their income in rent, with the remainder being paid by the federal government.

Community planner LeRoy Hubbard said Monday's ceremony was designed not only to pay tribute to a post-riot dream of the 1960s, but to honor Attorney LeRoy Jones - a 14th Street community planner who died recently.

Marion Phillipps, a spokeswoman for Faircliff Associates, a nonprofit organization which is building the project, said a cornerstone would be set into the project the mark Jones' contributions to the 14th Street community.

Jones, according to officials, was a member of the planning committee that has worked to rebuild the 14th Street riot corridor. According to Hubbard, the Faircliff project was planned in 1969 after the riots and has taken nearly a decade to complete. He said the project - scheduled for completion December - was delayed by the Nixon Administration moratorium on subsidized housing and a logn search for developers.

D.C. Councilman David Clarke, who said he preferred to attend the ceremony rather than send a telegram, said he was dedicated to the low-income rental project and the development of the 14th Street community.

Richard Jones, the brother of man being honored, said, "I never thought it could be possible . . . We used to cuss you all out becuase you were not doing things smart enough or fast enough - now you've honored one of your own."

Jones said the low-income housing project was "a turning point" for the community and that the ceremony for his brother was "symbolic" of the community honoring one of its own members.