Authors Posts by DCHFA

DCHFA

DCHFA

The HFA was established in 1979 to stimulate and expand homeownership and rental housing opportunities in Washington, D.C. We accomplish our mission by issuing housing mortgage revenue bonds that lower the homebuyers’ costs of purchasing homes and the developers’ costs of acquiring, constructing and rehabilitating rental housing. We embrace our responsibility with conviction and pledge our best efforts to serve as the city's champion for homeowners and renters and to act as the city’s principal catalyst for neighborhood investment.

Contact:

(202) 777-1600

DCHFA

DCHFA Launches the Housing Investment Platform with the Groundbreaking of Elvans Road Townhomes

On August 3, the District of Columbia Housing Finance Agency (DCHFA) will launch the Housing Investment Platform (HIP) and Single Family Investment Pilot at the site of HIP’s first project Elvans Road Townhomes (2501 Elvans Road Southeast, 10-11:00 a.m.) As a part of the Single Family Investment Pilot, DCHFA has partnered with H2DesignBuild, a Certified Business Enterprise with Small Business Enterprise points and City First Bank, to construct five new townhomes in Ward 8’s Barry Farm neighborhood.
DCHFA

The District of Columbia Housing Finance Agency launches the Housing Investment Platform with the...

DCHFA will launch the Housing Investment Platform (HIP) and Single Family Investment Pilot at the site of HIP’s first project Elvans Road Townhomes. DCHFA established HIP as a platform for innovative investments that will increase the Agency’s support of the D.C. housing market outside of traditional bond and tax credit financing. As a part of the Single Family Investment Pilot, DCHFA has partnered with H2DesignBuild and City First Bank of DC to construct Elvans Road Townhomes in Ward 8’s Barry Farm neighborhood in Washington, D.C.
DCHFA

DCHFA Introduces Multi-Family Online Application

The District of Columbia Housing Finance Agency (DCHFA) takes its multifamily financing process completely online with the launch of the new Multi-Family Lending Application. “We developed this application to make it easier for developers to do business with the Agency to increase the production of affordable housing in the District of Columbia,” stated Todd A. Lee, Executive Director of DCHFA, “This is the first in a series of innovations in affordable housing finance that the Agency will deliver over the next 12 months.
DCHFA

DCHFA Partners with Jubi lee Housing to Preserve and Expand Affordable Housing in Columbia...

The District of Columbia Housing Finance Agency (DCHFA) is investing in affordable housing in Columbia Heights for the second time this spring with the issuance of $15,840,000 in bond financing for the rehabilitation and construction of the Maycroft Apartments (1474 Columbia Road N.W.
DCHFA

DCHFA Closes First HPAP Loan for Home Purchase Assistance

June is National Homeownership Month and the District of Columbia Housing Finance Agency (DCHFA) is announcing its first closing of the Home Purchase Assistance Program (HPAP). On June 12, Leonidas Saturria Rosario and Lurden Martinez de Saturria became homeowners with the assistance of the HPAP program. “We are happy and satisfied that our prayers of being homeowners have been answered. We are not priced out of the market and can afford to stay in D.C. thanks to HPAP.”
DCHFA

DCHFA Celebrates Homeownership Month with New Incentives for D.C. Home Buyers

June is National Homeownership Month and the District of Columbia Housing Finance Agency is celebrating with three announcements from its Single Family Programs division as a part of the District wide June Housing Bloom. “Homeownership is the cornerstone of wealth accumulation. This month DCHFA is expanding the Agency’s homeownership resources and providing greater incentives for people to purchase a home in the District of Columbia,” stated Todd A. Lee, Executive Director, DCHFA.

DCHFA Partners with SOME to Expand Affordable Housing in Columbia Heights

On May 10th, the District of Columbia Housing Finance Agency (DCHFA) issued $10,200,000 (short and long term tax exempt obligations) in bond financing to rehabilitate and increase
DCHFA

DCHFA Finances a Fourth Project at The Yards

The District of Columbia Housing Finance Agency (DCHFA) issues $55 million (long term tax exempt bonds) in acquisition and construction financing for Guild (1346 4th Street SE) a new apartment building with 39 of its 191 units reserved for residents earning at or below 50 percent of the area median income. The affordable units will be interspersed with the market rate units creating an income diverse community.
DCHFA

DHCD Announces DCHFA as New HPAP Co-Administrator

The DC Department of Housing and Community Development (DHCD) is pleased to announce that on March 1 the DC Housing Finance Agency (DCHFA) began operations as coadministrator of the Home Purchase Assistance Program (HPAP). DCHFA joins the Greater Washington Urban League (GWUL) as a second administrator

DCHFA Finances Second Affordable Apartment Complex in Ward 8 in 2017

The project is being developed by The Michaels Development Company and CityInterests, LLC. South Capitol Multifamily is also being funded by $23.19 million raised in equity through the syndication of four percent low income housing tax credits in partnership with a $25.14 million loan from the DC Department of Housing and Community Development’s Housing Production Trust Fund.

DCHFA Funds its First Development Project of FY 2017 in Deanwood

The District of Columbia Housing Finance Agency issued $6.10 million in long term and $10.73 million in short term DCHFA tax exempt obligations in acquisition and construction financing to build Deanwood Hills Apartments (5201 Hayes Street Northeast) in Ward 7’s Deanwood neighborhood.

DCHFA Makes Key Appointment and Rebrands Public Finance Division

The District of Columbia Housing Finance Agency’s (DCHFA) Executive Director Todd A. Lee makes his first appointment of Fiscal Year 2017 by naming Christopher E. Donald, Director of Multifamily Lending and Neighborhood Investments (formerly the Public Finance department)

DCHFA Closes Fiscal Year 2016 by Financing Affordable Housing Developments in Wards 7 and...

Fiscal Year 2016 is coming to a close and the District of Columbia Housing Finance Agency (DCHFA) is ending it by financing two affordable housing rehabilitation projects, Fort Chaplin Park Apartments (Ward 7) and Pomeroy Gardens (Ward 8). On September 30, DCHFA issued $61 million in long term DCHFA tax exempt obligations for the acquisition and rehabilitation of Fort Chaplin Park Apartments (4212 E. Capitol Street, NE, Washington, DC). The project is comprised of two separate parcels located on the north and south sides of East Capitol Street in Northeast Washington.

Todd A. Lee, Confirmed to Lead the DC Housing Finance Agency

The Council of the District of Columbia voted to confirm Todd A. Lee as the Executive Director of the District of Columbia Housing Finance Agency (DCHFA). Following the Council’s vote Lee was sworn-in by Steven Walker, Director, Mayor’s Office of Talent and Appointments

DCHFA Finances Affordable Housing in Brightwood and Barry Farm

In a week the District of Columbia Housing Finance Agency (DCHFA) has funded two affordable housing developments. On September 16th DCHFA provided $21.6 million in bonds ($14.3 million short-term and $7.3 million long-term) for the acquisition and construction of The Beacon Center. This project will be a redevelopment of the site where the historic Emory United Methodist church now stands at 6100 Georgia Avenue, NW in Brightwood. The church will be demolished except for a portion of the sanctuary’s facade.

DCHFA Names Yvette Downs, Chief Financial Officer

Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) has a new Chief Financial Officer (CFO), Yvette Downs. This week Downs began...

DCHFA Preserves and Revitalizes Affordable Housing in Brightwood

On July 20th the District of Columbia Housing Finance Agency (DCHFA) ensured that affordable housing will remain in Ward 4’s Brightwood neighborhood by financing the acquisition and rehabilitation of Homestead Apartments (812 Jefferson Street, NW). The Agency issued $6.5 million in DCHFA Bonds ($1.49 million short term and $4.6 million long term) for the complete renovation of this 55 unit building

Affordable Housing Comes to U Street with the Funding of Portner Flats

On July 7th, the District of Columbia Housing Finance Agency (DCHFA) closed on the financing of an affordable housing development in one the District’s most sought after neighborhoods, the U Street Corridor. The Agency issued $27 million in short term DCHFA tax exempt bonds providing a portion of the funding for the acquisition of Portner Place and construction of Portner Flats (1440-1450 V Street, NW) located in Ward 1, one block west of The Frank D. Reeves Municipal Center at 14th and U Streets, NW

DCHFA Relaunches the HomeSaver Foreclosure Prevention Program

The District of Columbia Housing Finance Agency (DCHFA) is closing out Homeownership Month by reopening the HomeSaver Phase I mortgage assistance program. This year, the Agency received two funding allocations totaling $8,047,933 from the U.S. Department of the Treasury’s Hardest Hit Fund (HHF). This award will be used to aid eligible District of Columbia homeowners that have fallen behind on their mortgage payments due to unemployment or under employment.

DCHFA Invests in Ward 5 with the Funding of Langdon Apartments

The District of Columbia Housing Finance Agency (DCHFA) closes the month by financing the construction of a second new development in April. On April 28th , the Agency completed the transaction to provide $5.34 million in total bond financing, structured as short term ($1.52 million) and long term ($3.82 million) DCHFA tax exempt bonds for the acquisition of the one-fifth acre properties at 2613-2615 Bladensburg Road NE, to construct Langdon Apartments. Proceeds from the syndication of $3.21 million in low income housing tax credits raised by Stratford Capital Group and underwritten by the Agency will finance a portion of the $11.16 million project.

The Hodge on 7th Garners HOME Excellence Award

On April 14th the National Association of Local Housing Finance Agencies (NALHFA) honored the District of Columbia Housing Finance Agency with the HOME Excellence Award for The Hodge on 7th. The Hodge is a $27.64 million multifamily senior residence located at 1490 7 th Street NW, Washington, D.C.

DCHFA, Golden Rule, Mission First Housing and Henson Development Bring Intergenerational Housing to Mount...

The District of Columbia Housing Finance Agency (DCHFA) closes its second development within in a week by lending tax exempt note proceeds to finance a portion of the debt required to acquire and construct Plaza West, which is located at the intersection of 307 K Street NW and 1035 4th Street NW. DCHFA, through a direct purchase of bonds by Citi Community Capital, is providing $44.1 million in tax exempt financing to construct the $89.7 million project. The Agency also underwrote $32 million in four percent low income housing tax credit equity syndicated by Enterprise Community Investments, Inc.

DCHFA Partners with N Street Village to Expand Housing for Homeless Women in the...

On March 25, 2016, the District of Columbia Housing Finance Agency (DCHFA) closed a tax exempt bond transaction that supports Mayor Muriel Bowser’s goal “to make homelessness, rare, brief and nonrecurring by 2020” by providing a portion of the $17.5 million cost to rehabilitate N Street Village (NSV).

DCHFA Funds Multimillion Dollar Affordable Housing Development in Congress Heights

The District of Columbia Housing Finance Agency (DCHFA) broadens its portfolio of affordable rental housing in Ward 8 by closing a transaction to provide acquisition and construction funding for Archer Park, a four story building that will be built in the 1200 block of Mississippi Avenue Southeast, Washington, D.C. The project, being developed by WC Smith (the “Developer”) is being partially financed through the purchase of $28.2 million in DCHFA short and long term tax exempt bonds

DC Opens Doors Expands Mortgage Offerings with Freddie Mac HFA Advantage Program

Today the DC Open Doors single family mortgage program adds two additional options to its portfolio with the introduction of the Freddie Mac HFA Advantage Program and Freddie Mac HFA Advantage Program with DPAL (Down Payment Assistance Loan of 3 percent). The addition of these new home loan offerings brings the number of mortgage options (FHA with or without DPAL and FHA Preferred with or without DPAL) available through DC Open Doors to six.

DCHFA Invests in the Revitalization of Historic Anacostia

The District of Columbia Housing Finance Agency is closing out 2015 by funding another development in Southeast, Washington, D.C. The Agency finalized the issuance of $3.4 million in long term and $3.2 million in short term DCHFA tax exempt bonds for the construction of Bowen Flats.

DCHFA and SOME Bring New Mixed-Use Housing Development to Benning Road

Within two weeks the District of Columbia Housing Finance Agency has closed its second development transaction of Fiscal Year 2016, with the issuance of $26 million in short term tax exempt obligations to fund the construction of The Conway Center.

DHCD AND PARTNER AGENCIES RELEASE THE 2014 NOTICE OF FUNDING AVAILABILITY

The D.C. Department of Housing and Community Development (DHCD) in partnership with the Department of Health (DOH), Department of Behavioral Health (DBH), Department of Human Services (DHS), DC Housing Finance Agency (DCHFA), and DC Housing Authority (DCHA) issued the 2014 Notice of Funding Availability (NOFA) today. The NOFA is an opportunity for developers to submit proposals that outline development opportunities for senior housing, homeownership, mixed-income communities, transit-oriented development and new construction, and preservation of affordable housing units affected by expiring federal subsidies

Mayor Vincent C. Gray Focusing Resources on Affordable Housing

WASHINGTON, DC - February 23, 2012 - (RealEstateRama) -- Mayor Vincent C. Gray today announced the re- formation and leadership of a task force that will help him shape a comprehensive housing strategy for the District of Columbia.

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Secretary Zinke Announces $94.3 Million to States for Parks and Outdoor...

U.S. Secretary of the Interior Ryan Zinke today announced that $94.3 million will be distributed for outdoor recreation and conservation projects to the 50 states, U.S. territories, and the District of Columbia from the Land and Water Conservation Fund (LWCF), which is funded through offshore oil and gas leasing. These funds are awarded through federal matching grants that leverage public and private investment in America’s state and local public parks.