Three | E 60 News
SUBSCRIBE NOW
  • Home
  • District of Columbia
  • Maryland
  • Virginia
  • National
  • 6 Questions
  • Events
  • Poll
No Result
View All Result
  • Home
  • District of Columbia
  • Maryland
  • Virginia
  • National
  • 6 Questions
  • Events
  • Poll
No Result
View All Result
Three | E 60 News
No Result
View All Result
Home District of Columbia

Bowser Pitches Tax Breaks For Affordable Housing In DC’s Wealthiest Neighborhoods

May 26, 2020
142
VIEWS
Share on LinkedInShare on Twitter

D.C. Mayor Muriel Bowser wants to offer tax breaks to incentivize construction of affordable housing in some of the District’s wealthiest neighborhoods as part of her broader effort to more evenly distribute modestly priced homes throughout the city.

Bowser included the new program, which would offer $4 million annually in real estate tax abatements for projects in “high-need areas,” in legislation supporting her just-released 2021 budget proposal. Those include Capitol Hill, Rock Creek East, Rock Creek West and Upper Northeast planning areas, the same places where she previously pledged to build the most new affordable housing in the city through 2025.

Many of those neighborhoods — including wealthy enclaves such as Chevy Chase, Foxhall Crescents and Palisades — have long been walled off from new construction through a mix of zoning policies and neighborhood opposition. Bowser launched an explicit call to break down those barriers last year, noting that D.C.’s poorest wards east of the Anacostia River have seen the vast majority of new affordable housing construction over the years.

Click here to read the rest of the article written by Alex Koma over at the Washington Business Journal

Previous Post

D.C., Virginia, Maryland Businesses See Surprising Reversal In Latest PPP Tally

Next Post

Amtrak Says It Needs Additional Bailout Of Nearly $1.5 Billion To Stay Afloat

Next Post

Amtrak Says It Needs Additional Bailout Of Nearly $1.5 Billion To Stay Afloat

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Poll

What's your favorite part of the Preakness?

Trending

  • Breaking: County Council Political Firestorm Erupts Over Nonprofit Funding In Prince George’s County (Video)

    Breaking: County Council Political Firestorm Erupts Over Nonprofit Funding In Prince George’s County (Video)

    811 shares
    Share 0 Tweet 0
  • Maryland Loses Coveted AAA Bond Rating

    326 shares
    Share 0 Tweet 0
  • Moore Announces New Md Hiring Process Amid Federal Layoffs

    346 shares
    Share 0 Tweet 0
  • Erek Barron, Former U.S. Attorney For Maryland, Joins D.C. Law Firm

    276 shares
    Share 0 Tweet 0
  • How Big Is The Impact Of The Loss Of The Commanders And Six Flags To PGC?

    469 shares
    Share 0 Tweet 0

Upcoming Event

20 May 2025
10:30 am - 12:45 pm

05/20/25: Gilbane Building Company Bi-Annual Outreach Event

    View Detail
    No event found!
    Three | E 60 News

    We bring you daily curated news content impacting the small, local and minority business community.


    © 2025 Three | E Consulting Group. All rights reserved.

    Recent Posts

    Maryland Loses Coveted AAA Bond Rating

    Private Equity Firm Launches $10M Investment Accelerator For Family-Owned DC-Area Companies

    Moore Announces New Md Hiring Process Amid Federal Layoffs

    New Ethics Law Clamps Down On Future Maryland Governors’ Business Dealings

    Subscribe to Three | E 60 News

    No Result
    View All Result
    • District of Columbia
    • Maryland
    • Virginia
    • National
    • 6 Questions
    • Poll
    • Events
    • Subscribe

    © 2021 Three | Consulting Group - Site design by Three | E Consulting Group.