The D.C. Department of Housing and Community Development (DHCD) has provided financing to produce 148 new affordable housing units in Ward 7. Foulger-Pratt received $29 million in financing from the Housing Production Trust Fund (HPTF) for the construction of the Paxton, a new five-story, 148-unit apartment building at 1603 Benning Road NE. The project also received an allocation of four percent Federal LIHTCs administered by the DC Housing Finance Agency (DCHFA) and District of Columbia LIHTCs from DHCD, which yielded a total of $36.7 million in equity.
Related Posts
Boston Financial Ranked #1 Syndicator of Affordable Housing for Fourth Consecutive Year By NMHC
Boston Financial announced it has been ranked the largest LIHTC multifamily housing syndicator for the fourth consecutive year by National Multifamily Housing Council (NMHC).
Merchants Capital Promotes Chris Messmann to Executive VP in its Tax Credit Equity Division
Merchants Capital announced that it has expanded its executive leadership team with the promotion of Chris Messmann to executive vice president.
Woda Cooper Companies Develops Permanent Supportive Housing
Woda Cooper Companies and Cherry Health announced that Michigan State Housing Development Authority has awarded housing tax credits to Shea Ravines, a new $18.2 million 56-unit affordable housing community with 20 Permanent Supportive Housing (PSH) units in Wyoming, MI.
Hunt Capital Partners Transfers Ownership of 74-Unit Alabama Development to Neighborhood Concepts, Inc.
Hunt Capital Partners (HCP) announced the transfer of ownership of Hunter’s Landing and Quail Ridge at Mallard Pointe, a 74-unit affordable housing development in Arab, AL, to Huntsville-based nonprofit Neighborhood Concepts, Inc.