Waterfront Station II, an innovative mixed-income, mixed-use project in Southwest Washington, DC, will include 450 homes, including 136 units (30%) that will be deeply affordable and available to households earning less than 50% of the area median income (AMI). Half of those will be set aside for households earning less than 30% of AMI. The $170 million project was strategically developed so the market units help subsidize the affordable apartments.
Located in the heart of Southwest DC, Waterfront Station II is situated less than one block from the Waterfront Station green line metro stop and three blocks from The Wharf neighborhood. Upon completion, the 12-story, 400,000-square-foot building will provide a mix of market-rate and affordable residences, and dynamic retailers that will serve the community, including a performing arts/theater space; AppleTree Public Charter School, a DC-based early childhood education provider; and a neighborhood restaurant by Good Company Doughnuts, with an additional 7,000 square feet of retail space available for lease.
The new project is creating committed affordable homes in a neighborhood that is rapidly gentrifying. Conveniently located next to the Waterfront Metro station, the new development will enable hardworking families and individuals to put down roots near jobs, transit and other opportunities they might not otherwise be able to afford.
Waterfront Station II is a joint venture of AHC Inc., Hoffman, CityPartners, and Paramount.
Founded in 1975, AHC Inc. is a nonprofit developer of affordable housing that provides quality homes and education programs for low- and moderate-income families. Based in Arlington, VA, AHC has developed more than 7,500 apartment units in 50+ properties in Virginia, Maryland and Washington, D.C. AHC’s Resident Services program reaches 3,000 children, teens, adults and seniors each year through on-site education and social service programs and activities. For more information, visit https://www.ahcinc.org/