UPDATE: DCHFA funds market-rate to affordable housing rehabilitation at Ridgecrest Village
Washington, D.C., Oct. 05, 2022 (GLOBE NEWSWIRE) -- The District of Columbia Housing Finance Agency (DCHFA) has financed the rehabilitation of Ridgecrest Village Phase I in Ward 8s Shipley Terrace neighborhood.
- Washington, D.C., Oct. 05, 2022 (GLOBE NEWSWIRE) -- The District of Columbia Housing Finance Agency (DCHFA) has financed the rehabilitation of Ridgecrest Village Phase I in Ward 8s Shipley Terrace neighborhood.
- Not only does this deal ensure the residents of Ridgecrest Village will get much-needed updates to preserve their homes, but also that formerly naturally occurring affordable housing will transition to long term affordable housing to support residents at all income levels, stated Christopher E. Donald, Executive Director/CEO, DCHFA.
- The NHP Foundation is the developer leading the first renovation at Ridgecrest Village since 1993.
- The Agency offers private for-profit and non-profit developers low-cost predevelopment, construction and permanent financing that supports the new construction, acquisition, and rehabilitation of affordable rental housing in the District.