Community Benefits

The Hoffman-Madison Waterfront team has the magnificent opportunity to transform an underutilized section of the District and recreate the Wharf as a new world class destination. Our vision is to create vital, thriving, activated spaces catering to visitors and residents alike. We envision active public spaces for outdoor activities, a clean and healthy river bustling with marine traffic, abundant retail catering to and fulfilling lifestyle needs, and great cultural and education landmarks. The benefits to the city of Washington are endless; here are some of the highlights:

Affordable Housing

  • 30% units of affordable housing
  • 50% affordable to households of 60% median income or less
  • 50% affordable to households of 30% median income or less

LSDBE Participation

  • 20% LSDBE beneficial ownership of the Master Development entity
  • 35% of all goods and services to be acquired from CBE sources with preferences given to Wards 5, 6, 7, and 8

First Source Hiring / Workforce Development

  • 1,000 new permanent service jobs
  • 650-1,000 construction jobs
  • 51% of new jobs created by the project to be filled by District residents
  • 30% of construction apprenticeship opportunities for D.C. residents residing east of the Anacostia River

Sustainable Construction

  • 1st LEED-Silver mixed-use project in the District – LEED-Gold Neighborhood Development pilot project
  • National model for waterfront development best practices

Tax Revenue

  • $40 million annually in taxes generated for the District, including:
    • Real estate taxes
    • Sales taxes
    • Hotel taxes
    • Income taxes from new residential units
    • Additional corporate, use, parking, transfer, and deed recordation taxes

First DC neighborhood on the waterfront

  • Complementary development to The Yards, Baseball District and the Waterfront Station
  • A unique destination that will appeal to residents and tourists alike