DHCD plans to convert -again- 1300 Congress St SE into low income housing

I suspect that residents of Congress Street who petitioned H-A-R-D to not have 1300 Congress Street become another group home/transitional facility/subsidized housing project (on their already crowded block) are not going to be a fan of this plan.  I hope someone takes my advice and starts a dialogue with the community ASAP before more tax payer dollars are invested in this project. Including a news segment from 2010 featuring current Ward 8 City Council Candidate Sandra Seegars.

View more news videos at: http://www.nbcwashington.com/video.


In related news DHCD is holding a series of public meetings to discuss their affordable housing and community development plan. Go HERE for more information. 


 Go HERE to read the full Washington Examiner article. 


 Excerpt:

The director of the maligned D.C. Department of Housing and Community Development has testified that he wanted the city to take over the loan of a troubled housing project and try for a third time to convert it into low income housing. 

John Hall told the D.C. council Committee on Housing and Workforce Development on Monday that his agency planned to underwrite — again — a project on 1300 Congress Street SE. Hall said the District has $5.5 million invested in the project from a previous venture with the nonprofit anti-gang violence group Peaceoholics. After the Peaceoholics project failed and the group defaulted on its loan, the property went to developer Richard Hagler. According to Hall, Hagler is now at risk of default on his $1.6 million loan, putting the property at risk of foreclosure again.

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