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Woodmont Crossing – Ward 8
View all- Multi-Family Development Program
- Project Type
- HUD Risk Share
- Project Type
- Preservation
- 176 affordable apartment homes reserved for residents earning 60 percent or less of the area median income
- Total development cost: $44.7 million
- DCHFA issued $25.5 million in tax exempt bond financing and underwrote $12.1 million in Low Income Housing Tax Credit equity
- Bond financing was secured by HUD insured mortgage loas made under DCHFA’s Level I 50/50 Risk Share Program
- DCHFA’s first-ever project financed through the HUD Level I Risk Share Program
- The Woodmont Crossing United Tenants Association, Inc. exercised its rights under the D.C. Tenant Opportunity to Purchase Act
- Developers: NHP Foundation
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