About

Project

Providence Place – Ward 7

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Project

  • New construction
  • 93 affordable apartment homes
    • 58 units reserved for residents earning 60% or less AMI; 35 units at 30% or less AMI
  • Total development cost: $40 million
  • DCHFA issued $19.7 million in tax exempt bond financing and underwrote $13.5 million in Low Income Housing Tax Credit equity
  • Developers: Atlantic Pacific Communities LLC, Urban Matters Development Partners and the Progressive National Baptist Convention Community Development Corporation