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NRP Group, MHCDO Break Ground on 109-Unit MF Project DC
The NRP Group in partnership with Marshall Heights Community Development Organization (MHCDO) Inc., announced the financial closing and groundbreaking of The Waymark, a 109-unit, mixed-income community in Washington, D.C.’s Ward 7.
Located at 4435 Benning Road NE, the transit-oriented community is just one block from the Benning Road Metro Station and multiple bus lines. The housing development is located one stop away from the Stadium-Armory station, giving residents quick access to the RFK Stadium campus, which is undergoing a transformative $2.7 billion redevelopment that will create approximately 14,000 construction jobs and 2,000 permanent positions, fueling economic growth.
The 109-unit, single-building apartment spans nine floors and features a wide range of amenities. Financial partners for the new development include a mix of public and private institutions, including the DC Department of Housing and Community Development, the DC Housing Finance Agency, and DC Green Bank. Private sector partners include KeyBank as the lender and U.S. Bank as the tax credit investor.
