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ADC introduces loan fund for arts & creative industries; artist studios coming to Anacostia April 2014

LUMEN8ANACOSTIA 2013, photo by Chris Suspect
ARCH Development Corporation (ADC) is pleased to announce two new programs that will continue its work to create a home for small businesses, artists, arts and cultural organizations to fulfill its commitment to the revitalization and sustainable economic development of Historic Anacostia. The Kresge Foundation Loan Fund for Artists, Art Organizations, and Hive Creative Industry Businesses will offer a total of seven different types of loans all designed to jumpstart artistic and entrepreneurial endeavors in Wards 7 and 8, and specifically Historic Anacostia. The loan programs for artists and arts organizations start this spring, the loan programs for creative industry businesses start in the fall. Another project ADC is starting this spring is offering renovated Artist Studios for rent at 2208 Martin Luther King Jr. Ave. SE. This will bring five affordable commercial rental spaces, outfitted for any type of visual artist, to the core of Historic Anacostia. Email arts@archdc.org for more information about either or both projects.

• For more information about the loan programs available for artists and arts organizations, click here

• The application form can be found here

•Five artist studios are available, with rents ranging from $150-$350 a month. Please email arts@archdc.org to learn more. 

•Loans for creative industry businesses will be available in the fall. For information about these loan programs, contact The Hive 2.0