1313 Pennsylvania Ave. Street SE , #102

Description

Location! Location! Location!!! Pursuant to the District of Columbia Inclusionary Zoning program, income restricted unit is available at this development. Please contact the Department of Housing and Community Development at www.dhcd.dc.gov regarding the availability of such units and requirements for registration in the Inclusionary Zoning program. Introducing a brand-new condominium at 1313 Pennsylvania Ave. #102 SE. This modern and spacious unit offers an ideal living space in a vibrant, well-connected neighborhood. Designed for comfort and convenience, the home provides easy access to local amenities, public transportation, and more. This is an Inclusionary Zoning (IZ) unit, subject to income and eligibility requirements. Buyers must meet the criteria established by the District of Columbias Inclusionary Zoning program. Please visit the DC Department of Housing and Community Development (DHCD) website for full details. Key Requirements: Minimum occupancy: 1 person per bedroom, Maximum household income (60% MFI cap): 1-person household: $64,980, 2-person household: $74,280, 3-person household: $83,980 Additional Guidelines: The unit must be the owners primary residence throughout ownership. Buyers must divest of any other residential property before closing. Renting is strictly prohibited"both short-term (e.g., Airbnb) and long-term rentals are not allowed without prior written approval from DHCD. The property is subject to perpetual resale price and term restrictions. Contact DC DHCD for further guidance on eligibility and the application process.