May 12, 2010
The Washington Post
Webster Gardens, the District's oldest garden-style apartment complex, will be renovated into affordable housing, using federal money to help local and state agencies fund projects stalled during the recession, city officials announced Monday.
The District's Housing Finance Agency said it is one of the first such agencies in the country to close on a deal under the U.S. Treasury Department's New Issue Bond Program, and Webster Gardens, which was built in 1921, is the first housing development in the city to take advantage of the funds.
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