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Washington DC & Mid-Atlantic  + DC  + Apartments  |  January 31, 2025
Jasmine Kilman
By: Jasmine Kilman

DCHFA Finances MF Development With 100 New Apartments

The District of Columbia Housing Finance Agency (DCHFA) issued $35.1 million in tax exempt bonds, and underwrote $25.56 million in federal and $5.6 million in Low Income Housing Tax Credit equity for the construction of 100 new affordable apartments at 2911 Rhode Island Ave. NE.

“Funding the addition of new, beautiful, healthy, and affordable homes is a fantastic and encouraging start to the year for DCHFA’s staff and me,” said Christopher E. Donald, Executive Director and CEO of DCHFA. “We look forward to working with our partners in the housing community to continue making more homes available for District residents at all income levels throughout the city.”

Lincoln Westmoreland Housing Inc. is the developer of 2911 Rhode Island Ave. and obtained additional financing in the form of a $26.1 million loan from the DC Department of Housing and Community Development’s Housing Production Trust Fund. The proposed $81.6 million development will offer a range of unit sizes, including 20 studios, 41 one-bedroom, 24 two-bedroom, and 15 three-bedroom apartments.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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