NHPF CASE STUDY
The Roundtree Residences / Washington, DC PROJECT OVERVIEW
The Roundtree Residences is a thoughtfully designed senior housing development in Southeast Washington, DC, providing 91 high-quality homes for residents aged 55 and older. This modern community blends comfort and accessibility, offering spacious apartments and a variety of amenities to support an active and engaged lifestyle. The six-story building is conveniently located near I-295 and Pennsylvania Avenue, SE, with easy access to the Naylor Road and Anacostia Metro stations, as well as a bus stop at the entrance. The development features open-plan apartment layouts with floor-to-ceiling windows, fully equipped kitchens, and warm wooden cabinetry. Community spaces include a welcoming two-story lobby with a fireplace, a bright internet café, a state-of-the-art fitnes s center, a game room, and a beautifully landscaped courtyard. Additional conveniences such as laundry facilities, in-unit washers and dryers, and terraces or balconies enhance residents’ quality of life. The Roundtree Residences is 80% affordable at 60% AMI and 20% at 50% AMI, ensuring affordability for low-income seniors. Residents also benefit from Operation Pathways’ on-site programs and services, which provide opportunities for wellness, education, and community engagement. The $16.27 million project was funded through tax- exempt bonds, LIHTC investments, and financing from the DC Department of Housing and Community Development (DHCD) and Bank of America. With its strong community focus, sustainable design, and commitment to senior well-being, The Roundtree Residences serves as a model for high-quality affordable senior housing in Washington, DC.
TYPE Senior Housing, New Construction, Multifamily, Affordable Housing CLIENT The NHP Foundation, Vision of Victory CDC (VOV) ROLE Developer, Owner DEVELOPMENT COST $16.27 million SOURCES • $5M in Freddie-enhanced tax-exempt bonds • $5.1M in LIHTC equity from Bank of America • $5M in HOME funds • $700,000 Neighborhood Investment Fund gap financing • $400,000 in deferred developer fee DEVELOPMENT MIX • 91 affordable senior housing units • Two-story lobby with fireplace, internet café, and exercise room • Onsite medical clinic and landscaped courtyard START TO COMPLETION 2012–2013
NHPF CASE STUDY
The Roundtree Residences / Washington, DC
RESIDENT VOICES A favorite community engagement event for the seniors of Roundtree is regular trips to Miller Farms for fresh produce, baked goods and other nutritious staples.
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