Upcoming Stories
Washington DC CRE News In Your Inbox .

Washington DC   /   April 6, 2021

David Cohen
By: David Cohen

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.

Inside The Story
About the Author

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.
Email the Author

New call-to-action
New call-to-action
© ConnectCRE 2021 / 3900 San Fernando Road, Suite 1007, Glendale, CA 91204
Contact Us / Policies, Privacy & DisclosuresSubmit Press Release /