While the neighborhood around Nationals Park baseball stadium and the adjacent Yards development in Southeast Washington is known for its trendy restaurants and shops, outdoor festivals and movies, the D.C. Housing Finance Agency (DCHFA) is also making sure that affordable housing stays in the mix of development.
DCHFA has invested in four developments at the Yards, originally known as the Southeast Federal Center site redevelopment, including Foundry Lofts, Twelve12 and the Yards’ Arris Apartments to ensure that housing would remain affordable to households with a range of income levels. Now the DCHFA has issued $55 million in long-term tax exempt bonds to acquire and construct the Guild at 1346 4th St. SE, a 191-unit apartment building.
The Guild will include studio, one- and two-bedroom apartments, 39 of which will be reserved for households earning 50 percent or less of area median income, currently $109,200.
Residents at the Guild will be able to walk to the Navy Yard Metro station, Nationals Park and numerous shops, cafes, bars and restaurants. The Guild, being developed by EPDL and built by Forest City Construction Services, is projected to achieve LEED Silver certification. The two towers, one with seven stories and the other with nine stories, will include 6,200 square feet of street-level retail space.
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