(Washington, DC) – Today, Thursday, January 29 at 11 am., Mayor Muriel Bowser will cut the ribbon on Cycle House, an 18-unit, all-affordable housing community in Ward 5’s Truxton Circle neighborhood. The project is the first Net-Zero, 100% affordable housing project in the District.
Cycle House is a joint venture between Urban Green LLC, Heleos LLC, and VNV Development. This project has received substantial support from the District. The Office of the Deputy Mayor for Planning and Economic Development provided a 99-year ground lease; the Department of Housing and Community Development provided $1.3 million in 9% low-income housing tax credits (LIHTC) and DC LIHTC; and the DC Green Bank provided $2 million of the construction financing.
The innovative Net-Zero building will produce at least as much energy as it consumes each year by harnessing solar energy from a rooftop solar installation and a rear solar parking canopy, and by utilizing fuel cells.
When:
Thursday, January 29 at 11 am
Who:
Mayor Muriel Bowser
Nina Albert, Deputy Mayor for Planning and Economic Development
Colleen Green, Director, Department of Housing Community Development
Brandi Colander, CEO, DC Green Bank
Mark James, Founder and President, Urban Green
Ramon Jacobson, Executive Director, LISC
Trevor Tolbert, Senior Vice President – Multifamily Capital, PNC Bank
Lydia Smith, Managing Director – Impact, National Equity Fund
Where:
Cycle House
1520 North Capitol Street NW
*Closest Metro Station: NoMa-Gallaudet U*
*Closest Bus Lines: C53, C57, D30, D34*
*Closest Bikeshare: Capital Bikeshare: North Capitol & R St NE*
Press interested in attending the event are asked to RSVP to [email protected].
The DC Office of Cable Television, Film, Music, and Entertainment will provide a live feed of this event. To view the event, visit mayor.dc.gov/live, tune in on Channel 16 (DCN), or watch on Mayor Bowser’s Facebook or X.
Mayor Bowser X: @MayorBowser
Mayor Bowser Instagram: @Mayor_Bowser
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Mayor Bowser Facebook: facebook.com/MayorMurielBowser
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Mayor Bowser LinkedIn: linkedin.com/in/mayorbowser