Press Release

Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) has financed the rehabilitation of Ridgecrest Village Phase I in Ward 8’s Shipley Terrace neighborhood. The Agency issued $21.9 million in tax exempt bonds and underwrote $16.83 million in D.C. and federal Low Income Housing Tax Credit (LIHTC) equity. Phase I of the project will consist of remodeling 13 existing buildings on the property originally constructed in 1951.