505 Kennedy St NW Unit 202
Washington, DC 20011

Description:

This is an IZ unit - buyer must be an IZ candidate. Unit 202 is a 2 bedroom + chic full bath condo in a pet-friendly condominium in the heart of everything! This modern and beautiful home offers an open floor plan in the living space featuring a brand new contemporary kitchen. The finishes in the full bath are not to be missed. + Low condo fees. Walk Score 95! Just blocks to everything you need - shopping, grocery, coffee shops, restaurants, parks and more! PLEASE Read the rest of remarks. 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 regarding the availability of such units and requirements for registration in the Inclusionary Zoning program. This unit is available via the IZ lottery process only. To become eligible for the next IZ purchase lotteries, complete steps 1, 2 and 3 via the DHCD Inclusionary Zoning Website. The minimum occupancy requirement of 2 or more persons for this 2 bedroom unit. The income limits: $60,850 (2 people); $68,450 (3 people); $76,050 (4 people); $83,650 (5 people). The unit must remain the owners continued primary residence throughout their ownership. The household must divest of any other housing ownership before closing on the IZ unit. The unit may not be rented out, in part or in 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. The owner must contact DHCD to obtain a maximum resale price and receive further instructions prior to listing the unit for sale or refinancing the mortgage.