The LaSalle at Lincoln Heights NHPF made an acquisition in the Lincoln Heights neighborhood where revitalization has brought this Historic District of Charlotte, NC, new life. LaSalle at Lincoln Heights Apartments serves seniors age 55 and above and 100% of the units are aimed at 50% AMI incomes, or below. The 60-unit community offers a secure access building with elevator along with available public transportation. Residents can take part in, planned activities and programs as well as a community and TV-Media Room. All units feature central air and heating as well as ample closet and storage space. Residents of the LaSalle at Lincoln Heights also have access to laundry care centers and an onsite fitness center.
Takoma Place Apartments
NHPF secured financing and funding for the organization’s fourth successful TOPA deal in the District. Partners for the $16.5M Takoma Place Apartments purchase included Citi Community Capital and LISC. Constructed in 1953, the Takoma Place Apartments are adjacent to the Walter Reed Army Hospital Campus along a gentrifying corridor in the Nation’s Capital. In 2017, NHPF worked with the Takoma Place Apartments Tenants Association to acquire the property using the District of Columbia’s Tenant Opportunity to Purchase Act (TOPA). Takoma Place consists of seven, four- story apartment buildings. Its garden-style complex is located across the street from the former Walter Reed Medical Center, which is being redeveloped into a 3.1 million square foot mixed use campus. Takoma Place is comprised of 104 residential units. All Takoma Place households receive rental subsidies through a project-based Housing Assistance Payment contract with HUD. Currently, NHPF and the Tenants Association are partnering to undertake a $31M rehabilitation of the property using low income housing tax credits as well as subsidies provided by DC Government.
NHPF Fiscal Year 2017 Annual Report 7
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