The Maycroft
D.C. had the highest intensity of gentrification in the country between 2000 and 2013, according to a study from the National Community Reinvestment Coalition; one of those neighborhoods is Columbia Heights. It’s home to The Maycroft, a five-story Italian Renaissance-style apartment building that was built after World War I.
Before the Great Recession, a developer wanted to renovate the property, where the tenant mix is predominantly low-income, and sell the units as market-rate condominiums. When those plans fell through, Jubilee Housing, a nonprofit affordable housing developer that creates justice housing, stepped in and purchased the building in 2011. Today, the fully-renovated Maycroft provides an affordable residence to 64 families, of which two-thirds of the units are for households earning at or below 30% of area median income – or about $36,000 for a family of four.
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