The Wharf was envisioned as a vibrant place all people can enjoy—and with more than 30 percent affordable and workforce apartments, it is also a place that a wide variety of people are able to call their home.
Phase 2 makes an additional 115 affordable and workforce apartments available to future tenants.
Rents for affordable and workforce apartments are based on the median family income (MFI) and break allotments down to 30%, 60%, 100%, and 120% of MFI, which means that The Wharf is able to offer a home to DC residents with annual incomes of $29,800 for a family of three.
Tenants for the Phase 2 affordable and workforce apartments will be selected through a lottery administered by the DC Department of Housing—similar to the one in Phase 1, where we had more than 4,000 applicants.
Phase 2 Housing Opportunities
The Wharf currently offers 649 apartments for rent at The Channel and Incanto, including 200 affordable and workforce apartments. In addition, The Wharf ‘s Phase 1 featured the condominiums at VIO and 525 Water, which contribute to the growing tax base and revenues that benefit the District of Columbia and its residents as a whole. 525 Water featured five homes at 50% MFI and six homes at 80% MFI, and purchasers were selected through the DHCD lottery process.