Tuesday, April 23, 2024
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Affordable HousingDevelopmentNewsWashington, D.C

Enterprise Receives Financing for 151-Unit Edgewood Commons V Affordable Community in Washington, D.C. 

by Jeff Shaw

WASHINGTON, D.C. — Enterprise Community Development Inc. has received an undisclosed amount of financing for development of Edgewood Commons V, a 151-unit affordable seniors housing community in Northeast Washington, D.C. The development is part of the larger Edgewood Commons development, which will feature nearly 800 affordable housing units. Edgewood Commons V will feature 11 studios, 135 one-bedroom and five two-bedroom apartments. Of those, 96 apartments will be available for residents earning up to 30 percent of the area median income (AMI), 54 apartments will be available for residents earning up …

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AcquisitionsDevelopmentNewsWashington, D.C

Maplewood Senior Living Buys Historic Hotel in Washington, D.C. for Luxury Seniors Housing Conversion

by Jeff Shaw

WASHINGTON, D.C. — Maplewood Senior Living and Omega Healthcare Investors Inc. (NYSE: OHI) have unveiled plans to expand the Inspīr brand to the Washington D.C. market with the acquisition of The Fairfax Embassy Row. The historic hotel will be transformed and re-envisioned into Inspīr Embassy Row, an ultra-luxury senior living community. Inspῑr Embassy Row will be the second location under Maplewood’s Inspīr brand, and the first Washington D.C. property in the company’s portfolio. “We have taken careful consideration to identify locations where we can truly offer exceptional resident experiences that …

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Affordable HousingDevelopmentNewsWashington, D.C

DHCD Provides Construction Financing for 54-Unit Affordable Seniors Housing Project in D.C.

by Jeff Shaw

WASHINGTON, D.C. — The Department of Housing and Community Development (DHCD) has provided financing from local and federal resources to develop 54 affordable housing units in Ward 4 at the Abrams Hall Senior Apartments in Washington, D.C. Abrams Hall Senior LP, a joint venture between Urban Atlantic and nonprofit organization Housing Up, received $2.4 million from the District’s Housing Production Trust Fund (HPTF) to develop the assisted living facility. The project also received a $1.1 million allocation of 9 percent Low-Income Housing Tax Credits (LIHTC) from DHCD. The project will …

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DevelopmentNewsWashington, D.C

Senior Lifestyle Corp. Starts Renovation Project in Downtown Washington, D.C.

by Jeff Shaw

WASHINGTON, D.C. — Senior Lifestyle Corp. has started renovations at The Residences at Thomas Circle in downtown D.C. To be completed spring 2021, the renovations will refurbish to several common areas of The Residences of Thomas Circle. The renovations will include a multi-purpose activity room, a living room, a den/library, and a main and private dining room. The renovations also include the expansion of the memory care neighborhood with 17 new apartments.

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Affordable HousingDevelopmentFinanceNewsWashington, D.C

DCHFA Provides $78M in Financing for Development of The Residences at Kenilworth Park in Washington, D.C.

by Jeff Shaw

WASHINGTON, D.C. — The District of Columbia Housing Finance Agency (DCHFA) is funding the construction of The Residences at Kenilworth Park, an affordable assisted living community in Washington, D.C’s Ward 7. DCHFA issued $58 million in bond financing and underwrote $20 million in four percent Low Income Housing Tax Credit (LIHTC) financing for the 157-unit development. Apartments at The Residences at Kenilworth Park will be reserved for seniors age 60 and above who require assistance with two or more activities of daily living. Residents must earn 60 percent or less …

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Affordable HousingDevelopmentFinanceNewsWashington, D.C

Walker & Dunlop Arranges $10.1M in Financing for Affordable Redevelopment Project in Washington, D.C.

by Jeff Shaw

WASHINGTON, D.C. — Walker & Dunlop has structured $10.1 million in construction and permanent financing for Spring Flats. The project calls for the redevelopment of a historic property known as The Hebrew Home, located in the Petworth neighborhood of Northwest Washington, D.C. The development caters primarily to seniors and low-income residents. Development costs are estimated at $59 million. Originally constructed in 1925, The Hebrew Home served as a nursing home until 1968, when the city purchased the property and converted it into a community health center. The asset has been vacant …

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Affordable HousingDevelopmentNewsWashington, D.C

Partnership Breaks Ground on $67M Affordable Community in Washington, D.C.

by Jeff Shaw

WASHINGTON, D.C. — A project development team comprising Dantes Partners, Gilbane Development Co., Carding Group and H Street Community Development Corp. has broken ground on Livingston Place at Southern in Washington D.C.’s Ward 8. The five-story community offers 152 units of affordable assisted living. Partners on the project include the D.C. Housing Finance Agency (DCHFA), the D.C. Department of Health and the Department of Healthcare Finance. Residents must be at least age 60 and earn no more than 60 percent of the area median income. The project is the first …

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NewsOperationsPeopleWashington, D.C

Meridian Hires Nicki Beekman as Executive Director for Community in D.C.

by Jeff Shaw

WASHINGTON, D.C. — Meridian Senior Living has hired three managers, including an executive director, for the company’s Chevy Chase House community in Washington, D.C. The company hired Nicki Beekman as executive director, Kimberly Clynes as director of nursing and Ceridwen Kelley as assistant director of nursing.

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