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Randle Hill Apartments – Ward 8
View all- Multi-Family Development Program
- Project Type
- HUD Risk Share
- Project Type
- Rehabilitation
- 195 affordable apartment homes – 20 apartments reserved for residents earning 80 percent or less of the area median income (AMI); 165 reserved for those earning up to 60 percent AMI; and 10 non-restricted apartments
- Total development cost: $50.9 million
- DCHFA issued $25 million in tax exempt bond financing and underwrote $15.3 million in Low Income Housing Tax Credits
- Bond financing was secured by HUD insured mortgage loas made under DCHFA’s Level I 50/50 Risk Share Program
- Developers: Enterprise Community Development (formerly The Community Preservation and Development Corporation) and Randle Hill LLC
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