Description
Location! Location! Location!!! Pursuant to the District of Columbia Inclusionary Zoning program, income restricted unit is 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. Introducing a brand-new 1-bedroom condominium at 1307 K St. #101 SE. This modern and spacious unit offers an ideal living space in a vibrant, well-connected neighborhood. Designed for comfort and convenience, the home provides easy access to local amenities, public transportation, and more. This is an Inclusionary Zoning (IZ) unit, subject to income and eligibility requirements. Buyers must meet the criteria established by the District of Columbia's Inclusionary Zoning program. Please visit the DC Department of Housing and Community Development (DHCD) website for full details. Key Requirements: Minimum occupancy: 1 person per bedroom, Maximum household income (60% MFI cap): 1-person household: $64,980, 2-person household: $74,280, 3-person household: $83,980 Additional Guidelines: The unit must be the owner's primary residence throughout ownership. Buyers must divest of any other residential property before closing. Renting is strictly prohibited - both short-term (e.g., Airbnb) and long-term rentals are not allowed without prior written approval from DHCD. The property is subject to perpetual resale price and term restrictions. Contact DC DHCD for further guidance on eligibility and the application process.
Listing Courtesy of: Compass
Features
- Days on market: 115
- Elementary School: WATKINS
- List Date: June 03, 2025
- Subdivision: CAPITOL HILL
- County: WASHINGTON
- Cooling System: Heat Pump(s)
- Year Built: 2024
- Middle School: ELIOT-HINE
- Bathrooms: 1 full , 0 half
- Property Type: Condo
- Ownership: Condominium
- Heating: Heat Pump(s)
- Total taxes: 1,900
- Listing ID: DCDC2204046
- High School: EASTERN SENIOR
- Architecture Style: Contemporary
- Stories: Main
- Water: Public
- Tax Year: 2025
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