Affordable Housing in the Recovery Summer
Posted by Rosie Rios
Access to affordable housing is a challenge facing communities across the country. But the Recovery Act is helping our nation meet that challenge head on by providing states with cash to help them finance low-income housing construction at a time when too many projects would otherwise be stalled. These projects are helping revitalize communities through both the creation of new affordable housing developments and the tens of thousands of jobs being created to build them.
Yesterday, I joined D.C. Mayor Adrian Fenty, officials from the D.C. office of Housing and Community Development, representatives of Vida Senior Residences – and even some of the building’s future residents – to break ground on an affordable housing development made possible with more than $6.8 million in Recovery Act funding. When it’s complete, The Vida Senior Residences at Brightwood in Washington, DC will provide 36 affordable apartments for low-income seniors. And while it’s under construction, this project will create an estimated 55 full-time construction jobs.
As part of the Administration’s Recovery Summer outreach, Treasurer of the United States Rosie Rios joined DC Mayor Adrian Fenty to break ground on the Vida Senior Residences at Brightwood 36-unit affordable apartment building for low-income seniors in D.C. financed with more than $6.8 million in Recovery Act funds. Photo Credit: Sandra Salstrom, Treasury Department.
