Acquisitions/Preservations/Rehabilitations
Columbia Heights Village Apartments NHPF’s $103M acquisition of Columbia Heights Village, NHPF’s fifth TOPA partnership in DC, was the result of a novel partnership between The NHP Foundation, the Columbia Heights Village Tenants Association, CHANGE/All Souls Housing Corporation, Enterprise and Bellwether Enterprise. The result of this successful collaboration is a 406-unit, 31 building apartment development located on 14th Street, N.W. in the vicinity of Harvard Street and Columbia Road in Washington, DC. serving over 600 residents. Renovated in 2001, Columbia Heights Village Apartments offers exceptional subsidized housing accommodations in the heart of the vibrant Columbia Heights neighborhood. The community is within walking distance of Columbia Heights Metro Station (Green/Yellow line). The property is composed of three different property types: a ten-story high-rise, garden- style homes, and seven town homes and features a party/social room, playgrounds, picnic area, and courtyards as well as on-site laundry facilities and elevators in the high rise building.
Countryside Apartments (I & II) NHPF acquired Countryside Apartments with nearly $11M in financing provided by PNC Bank and the National Housing Preservation Fund. The 106 one- bedroom units and three two-bedroom units were constructed in two phases from 1982—1983. Situated in a rural setting near the Scoville Reservoir in Wolcott, CT, the 16 garden-style Countryside is a service- enriched senior property. A separate building houses the management and maintenance functions as well as a community center. Community amenities in that building include a wellness center, a computer area, a lunch program for residents, an on-site resident services coordinator, and ongoing educational programming for all residents. 100% of households receive rental subsidy through a project based Housing Assistance Payment contract with HUD.
NHPF Fiscal Year 2017 Annual Report 5
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