ALABAMA AVENUE SENIOR HOUSING, WASHINGTON, DC
THE OPPORTUNITY FOR NHPF to implement its vision in Washington, DC with the Alabama Avenue Affordable Senior Housing project is a milestone. Alabama Avenue Affordable Senior Housing is a joint venture between NHPF, Allen Chapel AME Church/Vision of Victory CDC (VOV), and District Development Group LLC (DDG). The public-private venture valued at more than $16 Million was made possible through financial support from Bank of America Merrill Lynch, Enterprise Community Partners, DC Housing Finance Agency, Deputy Mayor’s Office on Planning and Economic Development, District Department of Housing and Community Development, Freddie Mac, PNC, and the joint venture of DDG, NHPF, and VOV. This project is the second to join the NHPF Affiliate Program. The Alabama Avenue Affordable Senior Housing community is the first property in Washington, DC to be included in NHPF’s portfolio. This accomplishment is expected to be the first of many opportunities for NHPF to preserve and create affordable housing in the District.
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