By: Isabelle Elizondo On: December 21, 2023 In: Comments: 0

Local Initiatives Support Corporation (LISC) are pleased to announce the closing of $7.5 million in construction financing for the development of Cycle House, a mixed-use net-zero energy affordable housing property in Northwest Washington, DC. This groundbreaking project will breathe new life into a long-vacant site along North Capitol Street, adding 18 units of affordable housing and commercial space to the Truxton Circle neighborhood in Ward 5. The net-zero building will produce at least as much energy as it consumes each year by harnessing solar energy from a rooftop solar installation and a rear solar parking canopy and by utilizing fuel cells. The project is also targeting both LEED Platinum and Passive House sustainability certifications, setting a high standard for eco-friendly construction in the area.

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