1421 Spring Rd Nw Unit #101, Washington, DC 20010

Property Description

THIS IS AN IZ UNIT FOR SALE - You must have your DHCD Certificate. 1421 Spring is a brand new condo building on a treelined street above Columbia Heights. Unit 101 is a 2 Bed/ 1 Bath modern and beautiful condo home and presents designer finishes, a thoughtful open floor plan, a gorgeous contemporary kitchen, and chic bath. Copious amounts of natural light stream in through LOTS of windows throughout the unit. Boasting low condo fees and a Walk Score of 96, the centrally located building is just minutes away from numerous neighborhood favorites. Don't miss your chance to be a homeowner in DC, enjoying the comforts of modern city living. Previously priced at $297,700... 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: $97,350 (2 people); $109,500 (3 people); $121,700 (4 people); $133,850 (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.