WASHINGTON, June 15 /PRNewswire/ -- The DC Department of Housing and Community Development (DHCD) will hold a real estate auction of DC Government-owned vacant property on Wednesday, June 30 at the Walter E. Washington Convention Center, 801 Mount Vernon Pl. NW. The event will begin promptly at 2 p.m.
The auction, the second of its kind, will be administered by DHCD's Property Acquisition and Disposition Division (PADD) and will be conducted by Alex Cooper Auctioneers Inc. under a contract with the Department.
Eighteen properties, including single-family and multi-family buildings and vacant lots, will be sold at the one-day auction to the highest bidder for the purpose of redeveloping the properties into habitable residences and adding those residences to the District of Columbia's tax roll. The properties are located in Wards 1, 2, 5, 6, 7 and 8.
The auction is targeted to specific bidders: homeowners who intend to make the property a primary residence; non-profits; and DC-Certified Business Entities. Only bidders in these categories will be allowed to participate in the auction.
For more information about the auction, please visit http://dhcd.alexcooper.com.
About the Department of Housing and Community Development
The mission of the Department of Housing and Community Development is to create and preserve opportunities for affordable housing and economic development and to revitalize underserved communities in the District of Columbia. DHCD fulfills its mission by providing gap financing; increasing first-time homeownership opportunities; providing funding to rehabilitate single-family and multi-family homes; supporting communities through neighborhood-based activities; providing funding for homelessness prevention; addressing vacant and abandoned properties; and overseeing the administration of rental housing laws. The agency is located at 1800 Martin Luther King Jr. Ave SE, Washington, DC, 20020.
SOURCE Department of Housing and Community Development