The D.C. Department of Housing and Community Development (DHCD) has provided financing to produce 130 new affordable housing units in Ward 8. According to the press release, the project received $29.9 million in financing from the Housing Production Trust Fund (HPTF) for the construction of Terrace Manor, a new four-story, 130-unit apartment building at 3301 23rd Street SE. The project also received an allocation of four percent Federal LIHTC administered by the DC Housing Finance Agency (DCHFA) and District of Columbia LIHTCs from DHCD which yielded a total of $39.7 million in equity.