Housing Investment Platform

DCHFA established the Housing Investment Platform (HIP) as a resource 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 and increases the tax base while 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 the Washington, D.C., median family income.

During FY 2022, DCHFA financed The Ana in Anacostia through HIP. The project will consist of two phases, each with 10 townhomes reserved for residents and families earning between 50 and 120 percent AMI. The homes will have three bedrooms, two bathrooms and single-car garages. The developer of this project is H2 DesignBuild.