Description

Great opportunity to purchase this affordable condo in Columbia Heights. Built in 2014, the unit offers almost 700 square feet, 2 bedrooms, 1 bathroom, full kitchen, living room, luxury vinyl flooring, combo washer/dryer and tons of natural light. The kitchen features espresso cabinets and stainless steel appliances. The bathroom is cozy with a large stand up shower. Location is convenient, walking distance to metro, restaurants, bars, public pools, pharmacy, grocery, and recreation. Pursuant to the District of Columbia Inclusionary Zoning program, income restricted units are available at this development. Please contact the Department of Housing and Community Development at DC DHCD website regarding the availability of such units and requirements for registration in the Inclusionary Zoning program. The minimum occupancy requirement is at least 1 person per bedroom : Must be below 80% of the Area Median Income (MFI): 2 Person Household - $97,350, 3 Person Household - $109,500, 4 Person Household - $121,700 or 5 Person Household - $133,850. The unit must remain the owner’s continued primary residence throughout their ownership. The household must divest of any other housing ownership before closing on the IZ unit. The unit may not be rented out, in part or in full, for any length of time and via any method without prior written consent from DHCD. Temporary rentals including AirBnb or similar style rentals are never permitted.
There are perpetual resale price and term restrictions on the unit. The owner must contact DHCD to obtain a maximum resale price and receive further instructions prior to listing the unit for sale or refinancing the mortgage. This unit is available via the IZ lottery process only. To become eligible for the next IZ purchase lotteries, complete steps 1, 2 and 3 on the DC DHCD website. Click on “Services” then “Inclusionary Zoning Registration