/PRNewswire/ The Neighborhood Development Company (NDC) was joined by Ward 7 Councilmember Vincent C. Gray, DHCD s Director Drew Hubbard, and city officials.
WASHINGTON, DC – Concord Communities, a Washington DC-based affordable housing owner and developer has acquired Stanton Glenn, a 379-unit affordable housing community at 3048 Stanton Road, SE in Washington, DC for $39.5 million.
Concord plans to invest over $18 million in capital improvements to Stanton Glenn including upgrades to the residences, common areas and infrastructure, and will continue to accept housing vouchers. Concord Communities is a wholly owned affiliate of national.