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

Thanksgiving Dinner at the DC Housing Finance Agency

DCHFA is opening its doors on Thanksgiving Day to distribute 200 dinners to at risk, homeless families and/or individuals in need of a meal. Dinner will be served by DCHFA staff members and their families who are giving up a part of their Thanksgiving holiday to ensure that others in the community are fed.
DCHFA

DCHFA Financing Brings The Solstice to Northeast, D.C.

On November 2, the District of Columbia Housing Finance Agency (DCHFA) financed its first development of Fiscal Year 2018 with the issuance of $21.5 million ($10.6 million long term, $10.9 million short term) in DCHFA tax exempt bonds to fund the construction of The Solstice (3534 East Capitol NE, Washington, D.C.) The new four story mixed-use building will bring 137 affordable apartment homes (one, two and three bedrooms), 75 parking spaces and 2,074 square feet of retail space to Ward 7’s Deanwood neighborhood. “Deanwood has emerged as a destination neighborhood and the cost of housing is rising.
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.