DC Metrocentric

We just got word that in order to provide funding for phase II of the Capitol Quarters project, the DC Housing Authority is applying for $9.5M in HUD stimulus money to get the ball rolling. Considering that the credit markets aren’t exactly an open source right now, this should serve as a nice funding bridge.

The funding will help with both the public infrastructure work necessary to begin as well as the private work to start the 163 unit mixed income development (47 are public housing rentals). Sounds like the stimulus money is working.

[Photo: EYA]