NHPF Transaction Press Release Archive

RENOVATION The NHP Foundation Announces $11.3 Million Renovation to Benning Heights Apartments

Leading Affordable Housing Not-for-Profit Breaks Ground on Multi-Million Dollar Renovation to Expand High-Quality Affordable Housing Opportunities in Washington, DC

January 25, 2017, New York, NY— The NHP Foundation ("NHPF"), a national not-for-profit, today announced that it has begun an $11.3 million renovation and rehabilitation of the Benning Heights Apartments in Washington, DC. Additional financing partners for the rehabilitation include Citibank, R4 Capital, DC DHCD, DC HFA, HUD Office of Recapitalization, and Benning Heights Tenant Association, Inc. Located at 4806 Alabama Ave in the Ft. Dupont Park neighborhood of Washington DC, Benning Heights is a 16 building apartment complex located a mile away from public transportation as well as many other public and commercial amenities, such as the Washington Nationals Youth Baseball Academy. This complex features 148 one, two, and three bedroom apartments. The renovation process will include the installation of new lighting, flooring, windows and appliances, and will also feature upgrades to the property's plumbing, electrical systems and more. The renovation will also include making eight units fully handicap-accessible. A community center and laundry room will also be added to meet the standards for an Enterprise Green Communities certification.

“Benning Heights Apartments are a significant part of the affordable housing landscape in the Ft. Dupont Park neighborhood of Washington DC,” said Richard Burns, President and CEO, NHPF. “The renovation continues our mission to benefit individuals and families in one of DC’s up and coming vibrant communities.”

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