H STREET COMMUNITY DEVELOPMENT CORPORATION, E&G GROUP HOSTS GROUNDBREAKING CEREMONY FOR RHODE ISLAND AVENUE AFFORDABLE HOUSING DEVELOPMENT PROJECT
Community and business leaders will join to celebrate the Rhode Island NE five-story, mixed-use development
Washington, DC (December 10, 2014) – H Street Community Development Corporation, in partnership with E&G Group, will host a groundbreaking ceremony to announce the development of 2321 4th Street, NE. The ceremony will be held at the development on Wednesday, December 10, 2014 at 11:00 a.m. and will celebrate the construction of much needed affordable housing in the District.
2321 4th Street, NE will include a five-story, transit oriented, mixed-use development with 116 affordable rental apartments and 5,000 sf. of retail space.
“In the District there continues to be a growing demand for smart, attractive affordable housing for residents looking to raise their families in thriving neighborhoods,” said Kenneth Brewer, Sr. executive director, H Street Community Development Corporation. “We believe 2321 4th Street, NE responds to this demand and will create a number of construction and retail jobs that will continue to help the District’s economy grow.
Construction began on the project in November 2014, and is slated for completion by May 2016. The apartment units are being built in walking distance to the Rhode Island Avenue Metro station, and amenities include a fitness center, community room, ground floor retail, and off-street parking spaces. The development has been designed to meet the needs of the Rhode Island Avenue neighborhood’s moderate-income family and business owners in search of retail space in an economically revitalized community.
2321 4th Street, NE is financed with the help of the DC Housing Finance Agency, the District Department of Housing and Community Development and Capital One. The project is designed by Bonstra I Haresign Architects, with construction by Harkins Builders, Inc.
About H Street Community Development Corporation
H Street Community Development Corporation is a private, nonprofit organization, established in 1984 by residents, business owners, financial institutions, and government, to restore the riot-torn H Street corridor and residential neighborhood by developing vacant land and attracting new business. As the development vehicle, the Community Development Corporation is a nonprofit corporation blending the energies of community activists with the financial resources of government and private lenders.