RealEstateRama Authors Posts by DCHFA
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
Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) has a new Chief Financial Officer (CFO), Yvette Downs. This week Downs began...
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
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
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.
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.
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.
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).
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.
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.
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.
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
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.
12Page 2 of 2