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Fortitude at Delta Towers – Ward 5
View all- Multi-Family Development Program
- Project Type
- Hud Risk Share
- Project Type
- Preservation of 149 units and the construction of an additional 30 units
- All apartment homes reserved for seniors earning up to 30 percent of the area median income
- Total development cost: $96 million
- DCHFA issued $48.2 million in tax exempt bond financing and underwrote $2.9 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
- Developer: Dantes Partners
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