This summer, LISC DC was on hand with our longtime partner, Community Preservation and Development Corporation (CPDC), to celebrate important milestones at Edgewood Commons (formerly Edgewood Terrace).
Edgewood Commons is a long-standing affordable housing community of four multi-unit properties in Ward 5. Located in the Edgewood-Brookland neighborhood in Northeast D.C., Edgewood Commons has undergone significant revitalization, including the completion of renovations at Edgewood IV and the improvements that are underway at Edgewood I.
LISC DC provided a $1,100,000 loan to fund predevelopment costs for Edgewood I.
The renovations include removing physical barriers and connecting the campus to the greater Edgewood community; creating visibly pleasant open spaces that people want to use; providing more play space; having brighter, contemporary common areas; and improving security and lighting.
During the ceremonial event, LISC DC’s Executive Director, Oramenta Newsome, gave remarks, noting how affordable housing requires a range of partners using our resources collectively. Our finance partners in this project included D.C. Housing Finance Agency, HUD, RED Capital Group, and Enterprise.
Edgewood residents, community leaders, and local businesses also attended the event and witnessed CPDC be officially inducted into the NeighborhoodWorks family.
The celebration was emceed by Radio One News and Community Affairs Director Ebony McMorris (a former Edgewood resident). D.C. Mayor Muriel Bowser, Ward 5 Councilmember Kenyan McDuffie, and representatives from local and federal funding agencies gave keynote addresses, and participated in the ribbon-cutting and groundbreaking ceremony.
The day culminated with food, music, and a community fair which introduced a few of the partner organizations offering services on the Edgewood property as well as several local businesses in the Edgewood-Brookland community.
By tearing down walls and creating pathways to connection, five years from now, the completely revitalized Edgewood Commons campus will be transformed into a vibrant mixed-income community that is a great place to live and play.