Washington DC CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Washington DC  + Finance  | 

DHCD Provides Financing for Affordable Housing Development in Ward 4

The Department of Housing and Community Development (DHCD) has provided financing from local and federal resources to produce 54 affordable housing units in Ward 4.

Abrams Hall Senior LP, a joint venture between Urban Atlantic and nonprofit Housing Up, received $2.4 million from the District’s Housing Production Trust Fund (HPTF) to develop a 54-unit senior, assisted living facility located at 1320 Main Drive NW. The project also received a $1.1 million allocation of 9% federal tax credits from DHCD. The project will also receive an annual subsidy from the Local Rent Supplement Program administered by the D.C. Housing Authority (DCHA).

All units will be available for extremely low-income seniors who are formerly homeless and have a need for assisted living services. The building, which once served as a residence for soldiers that were stationed at Walter Reed Army Medical Center, will feature studio apartments to accommodate assisted living facilities for seniors who may require medical, dental, rehabilitative and counseling services along with 24-hour supervision to ensure resident safety.

Connect

Inside The Story

DHCD

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

Step 1: Select Education
  • ◦Development
New call-to-action
New call-to-action
RedOak-06-cube