Description
IZ Unit | 57 N Street NW #221 | 2 BD | 1 BA | Walk-in Closets | Floor-to-Ceiling Windows | Stainless Steel Appliances | Exposed Brick | Rooftop Deck | Welcome to Chapman Stables, located in the heart of NoMa! This modern, luxury building was lovingly restored in 2018 from the historic Chapman Coal Company building, which was built on the site of a stable that originally occupied the lot. The building preserves several historical elements, including the 1906 facade, original exterior windows, and a unique car elevator that once lifted coal cars to the upper-level service bay. Unit 221 features two spacious bedrooms, floor-to-ceiling windows, walk-in closets, hardwood floors, exposed brick, a Bosch stacked washer/dryer, stainless steel appliances, and a bathroom with a quartz-countered vanity and bespoke tile selections. Pursuant to the District of Columbia Inclusionary Zoning Program, income restricted units are available at this development. 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. Total maximum annual incomes (pre-tax amounts, projected over the next 12 months) for all persons who will live in this 80% MFI unit, by household size: $99,000(2 people) $111,400(3 people) $123,750 (4 people) $133,650 (5 people). Pursuant to the District of Columbia Inclusionary Zoning program, income restricted units are available at this development. The minimum occupancy requirement of at least 1 person per bedroom. The unit must remain the owner’s 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. This unit is available via the IZ program. To become eligible for the IZ purchase units, complete steps 1, 2 and 3 on the DC DHCD website. Click on “Services” then “Inclusionary Zoning Registration. 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 at www.dhcd.dc.gov regarding the availability of such units and requirements for registration in the Inclusionary Zoning program.
