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After 10 Years of Fighting to Redevelop Parkway Overlook, WIN Declares Victory as the City Breaks Ground on 220 Units of Affordable Housing


WIN Leaders Rufaro Jenkins and Cynthia Eaglin at the Parkway Overlook Groundbreaking | Photo by David Choy
 
On March 26th, WIN leaders in Washington, DC celebrated a victory 10 years in the making. The city broke ground on the redevelopment of 220 units of affordable housing in DC’s ward 8. Since the building was closed down by HUD in 2008 due to its crumbling conditions, it has been one of DC's largest “abandominiums.” Multiple streets in ward 8 have gone ghostly uninhabited. The Parkway Overlook Tenant Association and three WIN member congregations - Brighter Day UMC, National UMC, and New Life Ministries - have been vigorously organizing to get Parkway Overlook renovated and reopened. 
 
After raising the issue with three different Mayoral administrations, holding prayer vigils and countless tenant meetings, in 2017 Mayor Bowser and the DC Housing Production Trust Fund committed $20.1 million to redevelop 220-units of affordable housing at Parkway Overlook! DCHFA issued over $38 million in bond financing for the project, and roughly $29.6 million in equity was raised through 4% low income housing tax credits (LIHTCs).
 
The $82.2 million rehabilitation of the complex will be for households making up to 50% of the area median income (AMI) or about $55,150 for a family of four. Tenants who were displaced when the building was closed will have the first right to return.  Eleven units will be for households at or below $33,090 (30 percent of AMI) and will be set-aside as permanent supportive housing. In addition to consistently pushing for funding and a development that would be affordable for many different incomes, tenants pressed vigorously to sustain the number of family sized units in this property. Additionally, the complex will feature rooftop and ground-mounted solar panels generating enough electricity to power 30% of the property’s energy consumption.
 
 

WIN leaders, organizers, and former tenants at the Parkway Overlook Groundbreaking | Photo by David Choy
 
 
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Content Date: 
Thursday, April 26, 2018 - 06:52