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. 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 . Highlights: • HIP pipeline reached 100 with the financing of Gales Street and West Street projects in FY 2019 • Cynthia Townhomes Phase I neared completion by the end of FY 2019, while progress began on Phase II • Mayor Bowser held her Workforce Housing Rally on the future site of Cynthia Townhomes Phase III
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