Tag: cost savings

Affordable Housing Production on Public Land for the District of Columbia

Affordable Housing Production on Public Land for the District of Columbia

Public land development has traditionally been viewed as a catalyst for revitalization and private investment in distressed neighborhoods. However, given D.C.‟s strengthening real estate market, public land can play an important role in providing the diversity of housing the city needs, especially in areas with high and rising values. Public land redevelopment can also meet other community needs for services and amenities for a thriving city. Effective public-private development can provide updated public facilities such as libraries and schools, affordable housing, and enhanced community amenities, along with cost savings and other efficiencies.