Housing Investment Platform

DCHFA established the Housing Investment Platform (HIP) as a platform for innovative investments that will increase the Agency’s support of the District of Columbia’s housing market outside of traditional bond and tax credit financing.

The HIP’s Single Family Investment Fund provides joint venture capital to emerging developers for the creation of for-sale workforce housing in the District. In addition, the program fosters neighborhood stabilization, increases the tax base and the projects create employment opportunities through the construction of new homes.

An investment from HIP significantly reduces the amount of capital the developer needs to contribute to the project but in return the developer agrees to restrict sales to households making workforce incomes, up to 120 percent of Washington, D.C. Median Family Income.

Milestones

• HIP pipeline reached 88 units • Cynthia Townhomes Phase II delivered and Phase III near completion • West Street becomes Todd A. Lee Townhomes

Cynthia Townhomes Phase II

Cynthia Townhomes Phase III