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Savannah Apartments – Ward 8

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  • Rehabilitation
  • 65 affordable apartment homes
    • All units reserved for residents earning 60% or less of the area median income
  • Total development cost: $30.5 million
  • DCHFA issued $11.5 million in tax exempt bonds and underwrote $7.2 million in Low Income Housing Tax Credit equity
  • Tenants exercised their rights under the Tenant Opportunity to Purchase Act
  • Developers: National Housing Trust – Enterprise Preservation Corporation

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