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Posted at 5:26 PM ET, 05/10/2010

D.C.'s Webster Gardens to be renovated

By Washington Post editors

District officials announced Monday afternoon that Webster Gardens, the city’s oldest garden-style apartment building, will be renovated into an affordable housing complex using federal money designed to help local and state housing finance agencies fund housing projects stalled during the economic crisis.

The District Housing Finance Agency said it is one of the first housing finance agencies in the country to close on a deal under the United State’s Treasury Department’s New Issue Bond Program and Webster Gardens, which was built in 1921, is the first housing development in the city to take advantage of the funds.

Work is scheduled to begin next week on the 52-unit complex located on Webster Street NW between the Petworth and Brookland neighborhoods.

-- Ovetta Wiggins

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By Washington Post editors  | May 10, 2010; 5:26 PM ET
Categories:  DC  | Tags:  Affordable housing, Apartment  
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