The District of Columbia Housing Finance Agency provided financing to preserve or build nearly 700 affordable apartments. The District of Columbia Housing Finance Agency has financed nearly 700 units of affordable housing in two neighborhoods.
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,”.
The District of Columbia Housing Finance Agency underwrote the deal. Enterprise Community Development and Durrani Development Corp. have secured $23.1 million in financing for an affordable housing development in Washington, D.C.
DCHFA issued $23.1 million in tax exempt bonds for the construction of Alabama Avenue Apartments, an affordable community in Washington, D.C.’s Garfield Heights neighborhood.