DCHFA closes 2024, by financing the Rehabilitation of 124 affordable apartments in Ward 8

On December 20, the District of Columbia Housing Finance Agency issued $34 million in tax-exempt bonds and underwrote $21.2 million in federal and $4.3 million in DC Low Income Housing Tax Credit equity for the rehabilitation of Henson Ridge Apartments Phase I in Ward 8. The $70,994,373 project will involve renovating 124 townhomes, requiring temporary relocation of residents. Construction is set to begin in Spring 2025 and last approximately 28 months. The community will serve residents earning 30 to 60 percent of area median income.