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Owner of Foster House in DC's Shaw neighborhood to sell property after settlement

Potential buyer must agree to keep apartments affordable for at least 30 years

A settlement agreement seeks to ensure the preservation of 76 subsidized, affordable housing units at the Shaw site. (CoStar)
A settlement agreement seeks to ensure the preservation of 76 subsidized, affordable housing units at the Shaw site. (CoStar)

The owner of a subsidized apartment complex in Washington, D.C.’s Shaw neighborhood and its business partner reached a settlement with the attorney general’s office to pay $1.65 million to tenants and the city for alleged poor building conditions.

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