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(Washington, DC) – Today, Mayor Muriel Bowser and Deputy Mayor for Planning and Economic Development (DMPED) Brian Kenner hosted the fifth annual March Madness, a special preview of new and upcoming development projects that will provide more quality affordable housing, support for small businesses and job opportunities for all District residents. The event included special guests U.S. Senator Tim Scott (R-SC) and Congresswoman Eleanor Holmes Norton (D-DC) highlighting the federal Opportunity Zones program, which can be leveraged to support economic growth and inclusive development in underserved communities.
“We are using every tool in our toolbox to create economic opportunities for residents and small business owners across all eight wards. Through the Opportunity Zones program and the development projects we introduced today, we’re doing more to meet the needs of DC residents right now and preparing for our collective future,” said Mayor Bowser. “These projects are about much more than just putting up buildings, they’re about ensuring that every neighborhood has an opportunity to rise and every Washingtonian an opportunity to thrive and prosper.”
“Opportunity zones give us a way to fight poverty all across America,” said Senator Scott. “As someone who grew up in a distressed neighborhood, I understand the value and importance of creating new opportunities to help others maximize their potential. With 25 designated zones located in Washington, D.C., this city is full of opportunity and I look forward to seeing the prosperity in these areas.”
“Senator Scott and I served in the House together and I appreciate his work in the Senate on Opportunity Zones,” said Congresswoman Norton. “Working together, we ensured that the District of Columbia was covered under his Opportunity Zone legislation, which helps channel significant investment toward low-income neighborhoods. Using these investments where they are most needed is critical to revitalize the District’s neighborhoods.”
A recent study by Yardi Matrix found that the District of Columbia is the most attractive opportunity zone investment area on the East Coast and the third most attractive in the country. The Administration identified 25 zones, with most East of the Anacostia River. During March Madness, Mayor Bowser announced three new initiatives to help leverage the program.
For more information about Washington, DC’s Opportunity Zones, visit oppzones.dc.gov
Mayor Bowser also announced the recipients of the Dream Grants, a program administered by the Department of Small and Local Business Development that supports microbusinesses owned and operated by residents in Wards 7 and 8. For fiscal years 2018 and 2019, 34 grantees were awarded a total of $300,000.
Deputy Mayor Kenner revealed more than a dozen projects soon to be available to Washington, DC’s development and construction community as well as the release of the next round of funding for the Neighborhood Prosperity Fund, which supports job creation in high unemployment areas in DC.
“Our goal each year with March Madness is to bring jobs and development to the areas that need it most, and to think creatively on how to best develop land for DC residents,” said Deputy Mayor Kenner. “I look forward to continuing to work with residents, agency partners, local and small businesses, and the development community to ensure these future developments deliver for DC residents and neighborhoods.”
DMPED announced two upcoming development opportunities: Engine 22 at 5760 Georgia Ave. NW, in Ward 4 and Fletcher-Johnson, 4650 Benning Rd. SE, in Ward 7. Additionally, DMPED announced plans to gain insight on the potential redevelopment of Poplar Point and the Frank D. Reeves Municipal Center on U St. NW.
The Department of Housing and Community Development (DHCD) Director Polly Donaldson announced an upcoming solicitation for 199 Chesapeake St. SW, in Ward 8, as well as auction opportunities for several properties from the Property Acquisition and Disposition Division (PADD). Additionally, DHCD announced its next round of its consolidated Request for Proposals for affordable housing projects will be released on June 28, 2019.
The Department of Parks and Recreation (DPR) Director Delano Hunter announced four solicitation opportunities. They include:
The Department of General Services (DGS) Director Keith Anderson announced three opportunities. They include:
To learn more about March Madness, visit dmped.dc.gov.
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