Wednesday, January 18, 2012
Since the tenants jointed together to buy the Norwood Apartments last Summer, the Cooperative has slowly been going through a transformation. Now that we're in control, we have been able to devote more resources to critical maintenance issues, and we're making investments to improve the health and safety of the building.
Dealing with years of neglect has slowed down our ability to repair and turnaround new apartments. But thankfully we've got apartments ready to lease now, and we're looking for residents who would appreciate the affordable community we're building at the 1417 N Street NW Cooperative (formerly "The Norwood").
While we are a Cooperative, we are still in a transitional period. This means that new residents must sign a lease and pay a security deposit. The leases will be honored for the entire term (1 year) and then continue month-to-month. When the building converts to cooperative residents will have the option to join the cooperative, or make arrangements to move. We are planning on a full renovation within the next 1-2 years, so get in on the ground floor!
The studio units range from $900-$1,100. If you or a friend are interested, please contact our manager Ari Myers at 202-588-0026.