Steve Clinton, Chief Financial Officer

DC Housing Finance Agency

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Fortitude at Delta Towers – Ward 5

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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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