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DC Affordable Duo Receives Financing

District of Columbia Housing Finance Agency Provides Financing for Construction of 86 New Affordable Apartments in Garfield Heights

WASHINGTON, DC - The District of Columbia Housing Finance Agency (DCHFA) has issued $23.1 million in tax exempt bonds for the construction of Alabama Avenue Apartments in Ward 8. The Agency underwrote $22 million in federal and local Low Income Housing Tax Credit equity for the development of this 100 percent affordable community. “As construction continues to increase in Ward 8, DCHFA is committed to ensuring that long-term residents are able to remain in their communities,”.

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