Adelphi
REAL ESTATE
Programs help homeowners save on property taxes
Multiple programs offered by the city, county and state could take some of the sting out of paying property taxes, especially now that College Park has raised its residential tax rate by 11%. Here’s a look at some of the credits that could lower your property tax bill — but...
You can live in an old D.C. school, attached to an art museum
Data: RentCafe; Chart: Simran Parwani/AxiosThe next in-demand apartment could be inside an old Washington school.The big picture: Former schools accounted for 3% of U.S. apartment conversions in 2023, data shared with Axios shows.Former offices and hotels dominate the national conversion trend, comprising 28% and 36% of newly completed projects, according to a RentCafe analysis.Why it matters: As cities and developers seek to repurpose empty space into much-needed housing, a mix of building types are on the table.Zoom in: D.C. is among metros leading school and office-to-apartment conversions across the U.S., per RentCafe data shared with Axios.Most recently, the former Elizabeth G. Randall Junior High School project in Southwest D.C. was converted into The Rubell Museum and an apartment complex called Gallery 64.While turning cafeterias and gyms into homes is easier said than done, state and federal historic preservation tax credits can incentivize school flips.School buildings can also offer more of the natural light renters want, compared to offices, developers say.
Multifamily housing proposed for Seven Corners
Southern Management, the owner of the Cavalier Club apartment building in Seven Corners submitted a rezoning proposal May 31 to allow the construction of a new residential mixed-use building and a parking garage. Cavalier Club is located at 6200 Wilson Boulevard in a corner of Mason District bordering Arlington County...
Proposed 393-unit housing development in North Bethesda office park moves forward
Sketch plans detailing the proposed construction of a 393-unit residential building in an office park near Westfield Montgomery mall in Bethesda have been approved by the Montgomery County Planning Board. The NRP Group, a developer based in Cleveland, Ohio, submitted its sketch plan application for the Democracy Center development to...
The Mayoral Candidates on Affordable Housing
In an area where housing is increasingly unaffordable for many people, affordable housing has been a hot topic among the three people running for mayor in Alexandria. The Democratic primary for mayor and city council is June 18 (early voting is open now). Current Council Member Alyia Gaskins, Vice Mayor Amy Jackson and real estate developer Steve Peterson are running for the seat being vacated by Mayor Justin Wilson. Alexandria Living Magazine asked all three about affordable housing. Their answers are below.
D.C.'s National Mall showcases housing solutions
Through this weekend, you can see houses on the National Mall in Washington, D.C. From tiny homes to big ones built in hours, it’s a showcase to highlight new ways to make housing cheaper and more plentiful. NPR’s Laurel Wamsley reports.
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