Approve application for 3145 Mt Pleasant Street by huanghengdong


									  Yasmin Romero-Castillo, 1D01
                                      Mount Pleasant Advisory                          Gregg Edwards, 1D04            Neighborhood Commission                  

    Laura Wilson Phelan, 1D02
                                                                                        China Terrell, 1D05
             Vice Chair

       Jack McKay, 1D03            1380 Monroe St NW, #117, Washington DC 20010        Angelia D. Scott, 1D06
      Secretary and Treasurer           Tel: 234-6646 Web:                        Chair              e-mail:     

Approve application for Low Income Housing Tax Credits for
  3145 Mount Pleasant Street

       Resolved, that ANC1D advises the DC Department of Housing and Community Development
       (DHCD) to approve the application for Federal 9% Low Income Housing Tax Credits being
       submitted on or before May 30, 2012 by the National Housing Trust/Enterprise Preservation
       Corporation and the 3145 Mount Pleasant Street Tenants' Association, Inc. to provide financing
       for the redevelopment of affordable housing to be called the Monseñor Romero Apartments.

       Why: This building was destroyed by the largest fire in the District in the past 30 years, which
       displaced many longstanding members of the Mount Pleasant community. They have been
       working diligently over the past four years to acquire the building and to return it to affordable
       housing. With a DHCD acquisition loan, the Tenants' Association acquired the building in 2010,
       selected an affordable-housing development partner (who recently redeveloped the St. Denis
       Apartments as greatly needed affordable housing less than one block away), and now are being
       provided their first opportunity to apply for the tax-credit financing necessary to rebuild the
       property with rents that the displaced low-income residents can afford.

       This provides the best opportunity to restore this critical property at the center of our
       neighborhood to productive use, which will improve the community for both residents and

Passed by 4 to 0 vote at the legally noticed, public meeting of ANC1D on May 15, 2012, with a quorum present.
Voting “yes”: Commissioners McKay, Wilson Phelan, Terrell, Romero. Abstaining: Commissioner Edwards.

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