(Washington Business Journal) — The D.C. Council on May 4 unanimously granted the United Negro College Fund a tax abatement and relocation assistance totaling $5.1 million over the next decade to aid the nonprofit’s move from Fairfax County to a planned development in Shaw.
UNCF is expected to purchase 50,000 square feet of office space at Seventh and S streets NW, in the $143 million development once called Broadcast Center One. The college financial aid provider is committed to building a 5,000-square-foot assistance center on the ground floor.
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