Project: City Market at “O” Street
White House Description: Located in Washington, DC, City Market at “O” Street is a mixed-use property consisting of 400 market-rate residential units, 16,000 square feet of retail space and a 57,000 square foot supermarket with financing under the Federal Housing Administration (FHA) Section 220 insured mortgage program. In conjunction with this project and others, FHA has embarked on an effort to streamline the approval process for loans, including review of related federal permits and is working with the Advisory Council on Historic Preservation to expedite the National Historic Trust approval, subject to Section 106 of the National Historic Preservation Act.