DC Housing Finance Agency Fiscal Year 2020 Annual Report

Page 24

Projects Delivered in FY 2020

The Residences at St. Elizabeths

Ward 8 - Historic Preservation & Rehabilitation

DCHFA issued $52 million in bond financing for the historic preservation and rehabilitation of 252 units of affordable housing at The Residences at St. Elizabeths East at the beginning of FY 2019. On November 22, 2019, DCHFA and the greater D.C. community cut the ribbon on the residences developed by the Anacostia Economic Development Corporation (AEDC), the first phase of redevelopment on the 183-acre St. Elizabeths East campus. The property is a mixed-income community with 80 percent of the apartments reserved for individuals earning up to 50 percent of the area median income (AMI). Thirteen of the units benefit the Local Rent Supplement Program (LSRP).

22 | DCHFA INNOVATES | DCHFA FY 2020 ANNUAL REPORT


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