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DCHFA Provides $63M to Rehabilitate Washington Highlands 394 Affordable Apartments
The District of Columbia Housing Finance Agency (DCHFA) has issued $63.2 million in tax-exempt bonds for the substantial rehabilitation of Worthington Woods Apartments. The project, located in the Washington Highlands neighborhood of Ward 8, will preserve 394 affordable apartments.
DCHFA underwrote federal and D.C. Low-Income Housing Tax Credit equity totaling $45.5 million and $9.1 million, respectively. The redevelopment is being overseen by Montgomery Housing Partnership, Inc. and the Anacostia Economic Development Corporation, selected by the Worthington Woods Tenants Association.
No current tenants will be permanently displaced during the construction process, and the project will offer a range of apartment sizes and income restrictions. Upon completion, the renovated apartments will have various amenities and will be supported by resident services provided by Communities Together, Inc.
