Saturday, October 25, 2014

So, the Armed Forces Retirement Home is going to try it again:

Originally known as the Old Solider's Home, the Armed Forces Retirement Home (AFRH) was established in the 1840s as a retirement home for members of the U.S. Army. Over the years, it expanded its mission to include sailors, Marines, coast guardsmen, and pilots. Until World War I, it was an important facility since it was one of the few places designed to meet the specific needs of retired military personnel. It still functions as a retirement home today, even though it receives no federal funding. It has a Trust Fund which keeps it running.

The AFRH sits on more than 272 acres of land, most of which is unused. The land along North Capitol Street and Irving Street NW is leased to trucking companies and is currently occupied by unsightly warehouses. In 2005, the AFRH tried to sell this land to a developer. But the developer went belly-up just two years later (which perhaps says a lot about the vetting process the AFRH used to select this slipshod outfit).

Now the AFRH is going to try again. The AFRH has issued a Request For Proposals to build a vast mixed-use complex that would include condos, apartments (including low-income housing), retail, and office space. Proceeds from the sale will go to the AFRH Trust Fund, helping to stabilize the Trust Fund for the next century.

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