A proposed apartment building near Truxton Circle would add life to the streets of the Northwest Washington neighborhood without increasing the median rent.
Several development firms are vying for the right to develop a sizable city-owned lot located at the southwestern corner of Florida Avenue and Q Street NW. The District’s Department of Housing and Community Development (DHCD) solicited proposals for the site in July.
However, the city doesn’t want more luxury apartments going up in the increasingly high-end area: The request for proposals stipulated that all offers must provide ample “affordable” units, with more than 50 percent of them held for people making no more than 80 percent of the area median income (AMI).
The 2014 AMI for the metro area is $107,000. The income limit to meet the 80 percent threshold varies by household size: for one person, the household income can be no more than $59,920; for two people, $68,480; for three, $77,040; and for four $85,600.
So far, three firms have presented plans to the community.