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DC awards its first commercial-to-residential tax breaks under new program

Funding of $41 million is expected to help add 8,400 units to city’s downtown
The property at 1875 Connecticut Ave. NW is one of three office buildings that were approved for a tax abatement through a new Washington, D.C., program aimed at converting a million square feet of office space to 8,400 apartments. (CoStar)
The property at 1875 Connecticut Ave. NW is one of three office buildings that were approved for a tax abatement through a new Washington, D.C., program aimed at converting a million square feet of office space to 8,400 apartments. (CoStar)
CoStar News
September 9, 2024 | 7:23 P.M.

Three commercial-to-residential conversion projects in Washington, D.C., are the first to be approved for significant tax abatements as part of a city program meant to bring additional housing to the nation capital’s downtown.

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