About

Project

Randle Hill Apartments – Ward 8

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Multi-Family Development Program
Project Type
HUD Risk Share
Project Type

Project

  • 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