Tuesday, September 26, 2006

Partnership to Link DC Teachers to Affordable Homes in the City

From the National Capital Revitalization Corporation
NCRC has partnered with the District of Columbia Public School system (DCPS) to establish the NCRC/DCPS Home Ownership Initiative. The goal of this initiative is to assist teachers and other District government employees, in obtaining affordable and workforce housing in the city.

For the last several years, the cost of housing in the District has increased substantially, making it difficult for the majority of DC residents to find affordable housing. Developing affordable and workforce housing is one of NCRC's top priorities. This prioritization creates a natural alignment of missions between NCRC and DCPS in their efforts to attract and retain employees to the District of Columbia.

The NCRC/DCPS Home Ownership Initiative will:

Identify development opportunities for affordable and workforce housing on, or adjacent to DCPS and/or NCRC land assets;

Create affordable and workforce housing for teachers and other District government employees.

Details of the program are still being finalized. Stay tuned to the e-Blast for more information or keep checking our website.

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