1307 K St SE #101, Washington, DC 20003

Description

PRICE REDUCTION OF $20,000!! Showings can only be Mon-Saturday from 9-4pm. No Sunday showings. This is a great 1-bedroom, 1-bathroom IZ unit which is new construction. Pursuant to the District of Columbia Inclusionary Zoning program, income restricted units are available at this development. Please contact the Department of Housing and Community Development at www.dhcd.dc.gov regarding the availability of such units and requirements for registration in the Inclusionary Zoning program. It is a modern and spacious apartment providing the perfect living space in a vibrant and convenient location. This unit is designed with your comfort in mind, offering a great living experience with easy access to nearby amenities, transportation, and more. Buyers must meet IZ income requirements. Pursuant to the District of Columbia Inclusionary Zoning program with income restrictions. Please contact the Department of Housing and Community Development at DC DHCD website for further information. The minimum occupancy requirement is at least 1 person per bedroom: Total maximum annual incomes (pre-tax amounts, projected over the next 12 months) for all persons who will live in this 80% MFI 1-bedroom unit by household size: $91,800 (1 person); $104,900 (2 people); $118,000 (3 people). The unit must remain the owner’s continued primary residence throughout their ownership. The household must divest any other housing ownership before closing on the IZ unit. The unit may not be rented out, in part or full, for any length of time and via any method without prior written consent from DHCD. Temporary rentals including AirBnb or similar style rentals are never permitted. There are perpetual resale price and term restrictions on the unit. Due to software limitations (and due to the fact that we will be advertising to 40k+ people, including renters who may be on the verge of owning), we ask that the buttons be changed to “IZ lottery – yes” and “IZ non-lottery – no” to protect the agent’s email and voicemail space so we can provide ranked waitlist and the agent contact the prospects instead (we will weight those with pre-approval letters and homeownership training at the top, and others lower down to make the best use of time).