The Housing Ecosystem: DCHFA Fiscal Year 2025 Annual Report

T H E

H O U S I N G

ECOSYSTEM FY25 ANNUAL REPORT

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Table of Contents Multifamily Lending & Neighborhood Investments

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Meeting the Demand: Single Family Programs

Message from Board Chair, Heather Wellington

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Projects Delivered in FY 2025: Riggs Crossing

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Projects Closed in FY 2025

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DC Open Doors

6 Our Agency, Mission Statement, and Values

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Projects Delivered in FY 2025: Aspire Apartments

Message from Executive Director, Christopher E. Donald

Projects Delivered in FY 2025: Barry Farm

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In Memoriam: Stephen M. Green

Bridging the Gap: Mckinney Act Predevelopment Loans

44 DC4ME

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DCHFA Board of Directors Stanley Jackson Honored

Projects Delivered in FY 2025: Edgewood 611 & Gardens Apartments

Portfolio and Asset Management

DCHFA’s New VA Loan

DCHFA Staff

20 Projects Delivered in FY 2025: The Upland

The Portfolio Stabilization Grant

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FY 2025 Homeowners Highlight

Community Focus: Charitable Contribution Program

56 As We Rise

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Projects Delivered in FY 2025: Legacy at Temple Courts

Housing Now: DCHFA in the News

24 14 DCHFA Staff Highlights

15 DCHFA Honors

For the Future: Todd A. Lee Scholarship 2025

Home Purchase Assistance Program

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Community Engagements & News

Projects Delivered in FY 2025: Park Morton

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Projects Delivered in FY 2025: Faircliff Plaza

Hagans Impact Investment Fund

48 DCHFA’s Annual Homeownership Conference and Fair

60 Auditor’s Letter

64 Financial Report

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OUR

OUR AGENCY

AGENCY

Our Agency Fiscal year 2025 (FY 2025) marked the District of Columbia Housing Finance Agency’s (DCHFA or “the Agency”) 46th year serving the housing needs of Washington, D.C., residents. DCHFA was established on March 3, 1979, to stimulate and expand homeownership and rental housing opportunities in the District, and it continues that mission today.

The Agency has continued to provide opportunities for renters to become D.C. homeowners through its flagship program DC Open Doors, as well as through its other

Mission Statement homeownership programs like DC4ME and DC4ME VA loan and its co-administration of the Home Purchase Assistance Program (HPAP).

With 46 years of service to the District, DCHFA will continue to seek public and private financial and development partners to support projects

The Agency’s mission is to expand the District of Columbia’s housing space by investing in affordable housing and neighborhood development, which provides pathways that D.C. residents can use to transform their lives. DCHFA accomplishes its mission by delivering the most efficient and effective sources of capital available

that will build and preserve high-quality, affordable rental housing in the District.

in the market to finance rental housing and create homeownership opportunities.

Values EXCELLENCE LEADERSHIP INTEGRITY I N N O VAT I O N C O L L A B O R AT I O N COMMUNITY FOCUS

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EXECUTIVE MESSAGES

EXECUTIVE MESSAGES

Message from Board Chair

Message from Executive Director

At DCHFA, the board of directors plays a vital role in guiding the Agency’s strategic direction and ensuring that our mission to expand affordable housing in the District is carried out with integrity and impact. As chairperson, I’m proud to work alongside a dedicated board and an exceptional staff whose commitment to equity and innovation drives real change in our communities across the District.

We understand that a healthy housing ecosystem sets the foundation for a thriving city.

Affordable housing is not a standalone issue—it intersects with education, health, workforce development, and economic mobility. That’s why our role extends beyond financing buildings; we are investing in people, neighborhoods, and long-term opportunity.

Heather Wellington

Together, we serve as stewards of the housing ecosystem—supporting policies, partnerships, and financing tools that make affordable housing accessible to all Washingtonians.

Our collaboration ensures that DCHFA remains a trusted leader in creating housing opportunities that are sustainable, inclusive, and transformative.

Serving on and now leading DCHFA’s board of directors continues to be one of the highlights of my professional career. Yet it would be impossible to reflect on this work without lifting up the legacy of the late Stephen M. Green. Steve was more than a colleague; he was a steady force

whose wisdom, integrity, and unwavering commitment to the District helped shape the Agency. I had the privilege of serving alongside him as a fellow director and as his vice chair for five years. His impact on me, on DCHFA, and on affordable housing throughout the District is immeasurable.

His passing earlier this year was a profound loss—not only to our board but to the families and communities whose lives were touched by his steadfast belief in the power of affordable housing.

As we reflect on a year marked by both economic uncertainty and historic opportunity, I am proud of what we have accomplished together.

Despite the challenges facing the housing industry, DCHFA continued to deliver mission-driven results for the District. Our work this year underscores our resilience and our readiness. Looking ahead, I am confident that our continued focus and collaboration will strengthen our role as a resource for expanding affordable housing across Washington, D.C.

Christopher E. Donald

The District has faced unprecedented challenges during FY 2025, rental delinquency, increase in construction cost and materials, in addition to a softening in the Low-Income Housing Tax Credit investment market. Through this period, DCHFA remains an anchor and resource for residents of the District; by continuing to administer programs and promote events that make homeownership a reality. DCHFA also offered critical bridge funding through the Portfolio Stabilization Grant program, which helped affordable housing providers stabilize and alleviate operational stress due to rental delinquencies.

In March 2025, the Agency mourned the loss of DCHFA’s former board of directors chairperson Stephen M. Green. Steve truly was a champion for the District, affordable housing, and DCHFA. He served on the board of directors valiantly until the end of his life. My gratitude for his affordable housing expertise and fierce leadership is immense.

The Agency is very fortunate to have the board’s previous vice chair, Heather Wellington, now serving as its chairperson. Her years of experience on the board and in the housing industry will allow her to

expertly steer the ship as we continue to navigate through the changes in affordable housing.

As the District continues to grow, our mission is to ensure that all residents, especially those historically underserved, have access to beautiful, healthy, and affordable homes.

Through innovative financing tools, strategic partnerships, and a deep commitment to equity, DCHFA serves as a bridge between public priorities and private capital. We are proud to be a driving force in shaping a more inclusive and resilient Washington, D.C.

The housing ecosystem is vast, and I am grateful to lead a team of professionals who are dedicated to our mission.

Coupled with the support of Mayor Bowser, the Council of the District of Columbia, along with all of the public and private partners that make up this network.

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IN MEMORIAM

Stephen M. Green A Tribute to His Service

Mr. Green was appointed to DCHFA’s board of directors in 2015 and chaired the board from 2022 until March 2025.

We thank him for his partnership and leadership.

DCHFA Board of Directors

Stanley Jackson

Heather Wellington and Yohance Fuller were elected as chair and vice chair, respectively, of DCHFA’s board of directors in April 2025.

Completes service on DCHFA board and is honored by DCBIA

Heather Wellington, Board Chair

The District of Columbia Building Industry Association’s (DCBIA’s) 39th Annual Achievement Awards honored drivers of change throughout Washington, D.C.

Stephen M. Green, Board Chair* Yohance Fuller, Vice Chair Bryan “Scottie” Irving, Member Carri Robinson, Member

DCHFA 40th Anniversary Party

Stanley Jackson, Member*

FROM 2015 TO 2025

“Thank you for living your life courageously and selflessly.

Your immediate legacy at the Agency is one of relentless commitment. You fortified yourself and then showed up in service of others.

Christopher E. Donald, Secretary

, e c n e es r p r u o y r o f u thank yo . e c n a d i u g d n a y c a c o v d a - Christopher E. Donald

”

*

An asterisk (*) indicates someone who is no longer a member of the board of directors but who served on the board during FY 2025.

The event recognized DCHFA’s former board member Stanley Jackson with the Community Impact Award.

Mr. Jackson concluded his board service during FY 2025 after 12 years.

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DCHFA STAFF

DCHFA BOARD + STAFF

DCHFA Staff OFFICE OF EXECUTIVE DIRECTOR Christopher E. Donald, Executive Director/CEO Nikol Nabors-Jackson, Chief of Staff Ashley Brown, Community and Stakeholder Engagement Manager Sia Sankoh, Executive Assistant OFFICE OF STRATEGIC PLANNING & PERFORMANCE Allana Ortega, Senior Vice President* OFFICE OF ADMINISTRATION Katrina D. Jones, Chief Administrative Officer Yolanda McCutchen, Vice President Public Relations Keme Arigbe, Public Relations Associate Heather A. Hart, Vice President Human Resources

Lindsey Smith, Human Resources Specialist Thurston Ramey, Vice President Technology & Business Intelligence Gregory Graham, Manager Technology Levent Arikok, IT Customer Support Manager Jed Donkoh, IT Project Manager Eric Bunn, IT Coordinator I Tara Sigamoni, Vice President Procurement & Administrative Services Marcus Thompson, Facilities Manager Eric Jackson, Administrative Services Manager Yorjai Yandy, Contract Manager Sasha Adams, Clerical Assistant PORTFOLIO & ASSET MANAGEMENT Jeff Cooper, Senior Vice President Sidney Vass, Director

David Rojas-Rosario, Asset Manager David Walker, Senior Asset Manager* Fredericka Earle, Asset Manager Brichette Reid, Compliance Manager Birol Yilmaz, Senior Construction Engineer Sue Ghazi, Construction Engineer Seyoum Gizaw, Project Budget Analyst* Kelley Brown, Construction Coordinator OFFICE OF THE GENERAL COUNSEL Michael L. Hentrel, General Counsel Tracy G. Parker, Deputy General Counsel* Brittney Jordan, Special Counsel Jasmine Jackson, Senior Counsel Kayla Cruz, Associate Counsel* Lillian Johnson, Records Administrator

MULTIFAMILY LENDING & NEIGHBORHOOD INVESTMENTS Marcus Ervin, Senior Vice President Michael Durso, Director Business Development* Scott Hutter, Director James Holley-Grisham, Senior Multifamily Loan Underwriter Linda Hartman, Senior Multifamily Loan Underwriter* Kadija Sow, Multifamily Loan Underwriter Kira Antoine, Multifamily Loan Underwriter Geoffrey Shepard, Multifamily Loan Underwriter Corazon Wamakima, Senior Associate SINGLE FAMILY PROGRAMS Tikisha Wilson, Director Zein B. Shukri, Lead Single Family Underwriter

Carmellita Turner, Business Development and Outreach Manager Tracy Wright, Senior Single Family Underwriter Tanisha Darden, Single Family Underwriter Tahsin Bakar, Single Family Underwriter Jennifer Jones, Single Family Underwriter* Alyshia Maith, Senior Loan Processor Jasmine Veal, Loan Closer/Post-Closer Kim Norwood-Ellerson, Customer Service Administrator OFFICE OF THE CHIEF FINANCIAL OFFICER Melissa Lee, Chief Financial Officer Steve Clinton, Chief Financial Officer*

Rosemarie Warren, Vice President Accounting/ Controller Henry Jones, Vice President Treasury Operations Matthew Pleasant, Director Portfolio Operations Rong Liu, Accounting Manager Yan Ji, Financial Analyst* Betsy Mamo, Accounting Manager, Single Family and Multifamily Jackie Langeluttig, Senior Loan Servicing Specialist Adriana Dixon, Payroll and Accounts Payable Specialist Karen Harris, Finance Assistant

*

An asterisk (*) indicates someone who is no longer employed by the Agency but who was employed during FY 2025.

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DCHFA HONORS

DCHFA STAFF

Staff Highlights NEW CFO AND CAO Melissa Lee and Katrina D. Jones began their tenures as the chief financial officer and the chief administrative officer, respectively, at DCHFA.

MENTAL HEALTH AWARENESS MONTH By coming together, we can create a supportive environment where everyone feels safe to seek help and talk about their mental health.

RETIREMENTS DCHFA wishes Steve Clinton, former CFO of the Agency; Seyoum Gizaw, former Project Budget Analyst; and Yan Ji, former financial analyst, well in their retirements. We thank them for their service and contributions to the Agency.

DCHFA Honors RAGAN’S 2025 WORKPLACE WELLNESS AWARDS FINALIST DCHFA was a finalist for the Ragan Workplace Wellness Awards in the Employee Benefits category! Ragan Communications is an industry leader in providing professional development, training, and intelligence to communicators, marketers, human resources professionals, and business leaders worldwide.

GREAT PLACE TO WORK CERTIFICATION DCHFA received its third Great Place to Work certification. This certification recognizes positive work culture within the company and camaraderie between colleagues.

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PROJECTS CLOSED IN FY 2025

INVESTMENTS | PROJECTS

Brick by Brick:

Multifamily Lending & Neighborhood Investments

Projects Closed in FY 2025

In FY 2025, DCHFA issued $240M in bond financing for the development and redevelopment of 718 affordable housing units in Wards 1, 2, 5, and 8. In addition to tax-exempt financing, DCHFA underwrote $32.7M in D.C. tax credits and $156.2M in federal LowIncome Housing Tax Credit (LIHTC) equity to finance these projects.

2911 Rhode Island Avenue New construction, Ward 5

S Street Village New construction, Ward 2

Barnaby & 7th (Belmont Crossing Phase II) New construction, Ward 8

Harvard Court Apartments (HUD Level I 50/50 Risk Share) New construction, Ward 1

Henson Ridge Phase I Rehabilitation, Ward 8

Wagner Senior Residences New construction, Ward 8

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PROJECTS DELIVERED IN FY 2025

Edgewood 611 & Gardens Apartments 415 Edgewood St NE Rehabilitation, Ward 5

300 units Reserved for residents earning up to 80% of area median income (AMI), including households below 30% and 60% AMI $114.9M total development cost $54.8M in tax-exempt bond financing $38.9M in federal LIHTC equity $7.2M in D.C. LIHTC equity Developed by Enterprise Community Development, Inc

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PROJECTS DELIVERED IN FY 2025

PROJECTS DELIVERED IN FY 2025

The Upland (Belmont Crossing Phase I) 4272 7th St SE New construction, Ward 8

169 units Reserved for residents earning 50% AMI or less $104.5M total development cost $48.8M in tax-exempt bond financing $41.5M in federal LIHTC program equity $37.6M in Housing Production Trust Fund (HPTF) loan Developed by Gilbane Development Company, MED Developers, Equity Plus Manager LLC, and Housing Help Plus

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PROJECTS DELIVERED IN FY 2025

Legacy at Temple Courts 33 K St NW New construction, Ward 6

212 units Reserved for 30% AMI and 60% AMI $103.2M total development cost $45M in tax-exempt bond financing $37.8M in federal LIHTC equity Developed by MidAtlantic Realty Partners, Taylor Adams Associates, and CSG Urban Partners

PROJECTS DELIVERED IN FY 2024

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PROJECTS DELIVERED IN FY 2024

PROJECTS DELIVERED IN FY 2025

Park Morton 610 Park Rd NW New construction, Ward 1

142 units Reserved for 80% AMI or less $105.3M total development cost $51.2M in tax-exempt bond financing $31.5M in federal LIHTC equity $567K in D.C. LIHTC equity Developed by Dantes Partners and The Community Builders

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PROJECTS DELIVERED IN FY 2025

Faircliff Plaza 2641 14th St NW New construction, Ward 1

125 units Reserved for 50% AMI or less $103.4M total development cost $49.3M in tax-exempt bond financing $42.3M in federal LIHTC equity $7.7M in D.C. LIHTC equity $16.9M HPTF loan Developed by Somerset Development Company, New Community Partners, Jonathan Rose Companies, and Housing Up

PROJECTS DELIVERED IN FY 2025

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PROJECTS DELIVERED IN FY 2025

Aspire Apartments 2483 Alabama Ave SE New construction, Ward 8

86 units Reserved for 60% AMI or less $49.1M total development cost $23.1M in tax-exempt bond financing $18.4M in federal LIHTC equity $3.6M in D.C. LIHTC equity $12.9M HPTF loan Developed by Enterprise Community Development, Inc., and Durrani Development Corporation

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PROJECTS DELIVERED IN FY 2025

Riggs Crossing (Fort Totten) 307 Riggs Rd NE New construction, Ward 4

93 senior apartments Reserved for residents aged 62+ years earning 30% AMI and 50% AMI $61M total development cost $30.6M in tax-exempt bond financing $20.2M in federal LIHTC equity $3.6M in D.C. LIHTC equity $25.5M HPTF loan Developed by True Ground Housing Partners

PROJECTS DELIVERED IN FY 2025

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PROJECTS DELIVERED IN FY 2025

Barry Farm (Phase I) 1200 Sumner Rd SE New construction, Ward 8

108 apartments Reserved for residents aged 55+ years earning 80% AMI or less $101.06M total development cost $46.92M in tax-exempt bonds $42.02M in D.C. and federal LIHTC equity $29.02M HPTF loan $14.5M New Communities Initiative Developed by Preservation of Affordable Housing and D.C. Housing Authority

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THE MCKINNEY ACT

Bridging the Gap:

Mckinney Act Predevelopment Loans PROJECT DELIVERED IN FY 2025

Mary’s House 401 Anacostia Rd SE New construction, Ward 7

PROJECTS FINANCED IN FY 2025

Flats at South Capitol Predevelopment, Ward 8 950 Eastern Avenue New construction, Ward 7

THE MCKINNEY ACT

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PORTFOLIO STABILIZATION GRANT

PORTFOLIO AND ASSET MANAGEMENT

Portfolio and Asset Management

The Portfolio Stabilization Grant

The Portfolio and Asset Management division of DCHFA is responsible for monitoring all multifamily developments financed by the Agency.

As of the end of September 2025, DCHFA’s multifamily portfolio consists of 187 multifamily properties, totaling 25,519 units.

In December 2024, DCHFA launched the Portfolio Stabilization Grant (PSG) program to supply capital to affordable housing providers to relieve the burden that rental delinquencies cause.

PSG was a one-time recoverable grant administered by DCHFA. The grant was available to properties financed through programs including HPTF, LIHTC, HOME Investment Partnerships Program, and the Community Development Block Grant program. Priority was

given to DCHFA’s most vulnerable properties and those with 4% LIHTC financing. Properties had to be in compliance with DCHFA’s post-closing requirements. Ineligible properties included those in bankruptcy, receivership, or foreclosure, as well as those with unresolved housing code violations.

Through PSG, DCHFA distributed $9.8M in grants.

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HAGANS IMPACT INVESTMENT FUND

ANA TOWNHOMES

Hagans Impact Investment Fund

The Ana Townhomes

DCHFA transitioned the Housing Investment Platform into the Hagans Impact Investment Fund as a vehicle for innovative investments during FY 2025.

and sell the new single-family homes to households earning workforce incomes of 80% to 120% of the Washington, D.C., median family income, also known as the “missing middle.”

This single-family investment fund expands the Agency’s support for the District’s housing market beyond the traditional bond and tax credit financing while providing joint venture capital to emerging developers for the creation of for-sale workforce housing in the District. In addition, Hagans fosters neighborhood stabilization through homeownership opportunities while supporting developers with capacitybuilding opportunities.

To date, 32 units have been completed and sold to homebuyers. Twenty additional units were completed and 8 units sold during FY 2025.

The remaining 27 units will be delivered during FY 2027.

An investment from Hagans significantly reduces the amount of capital the developer needs to contribute to the project, but in return the developer agrees to market

HAGANS SINGLE-FAMILY HOMEOWNERSHIP UNITS BY WARD

Ward 8

33

Ward 7

42

Ward 6

4

TOTAL

79

During FY 2025, Agency staff celebrated the ribbon-cutting of The Ana Townhomes, a workforce housing development in Ward 8 financed through Hagans.

Each unit includes three bedrooms, three bathrooms, and a one-car garage. Mayor Bowser, Christopher E. Donald, and other members of the community gave remarks at the event.

Ty’on Jones

Ty’on Jones, Deputy Associate Director of Curbside Management at the District Department of Transportation and former ANC Commissioner was one of the first residents to move into The Ana Townhomes. “[...] During my time as commissioner and as a resident [of Anacostia],

I witnessed firsthand how powerful it can be when our city leaders invest in neighborhoods that have too often been underinvested.

I remember when our streets, our alleys, and our commercial corridor were all in need of attention—when access to dining was limited, and developments were stagnant.

But over the years, we’ve seen that change.

We’ve witnessed new roads and infrastructure improvements, developments that created jobs and opportunities, vibrant entertainment for neighbors, families, and friends, and dining options that make daily life more enjoyable for Anacostia residents.”

Quote is taken from his remarks at the aforementioned ceremony.

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Meeting the Demand:

Single Family Programs DCHFA’s Single Family Programs division creates homeownership opportunities in the District by providing low-cost single-family mortgages and down payment assistance, made possible through the issuance of mortgage-backed securities. The Agency offers a variety of programs for current and potential homeowners, with the goal of expanding and retaining homeownership opportunities in the District.

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SINGLE FAMILY PROGRAMS

SINGLE FAMILY PROGRAMS

DC Open Doors This program funded 44 mortgage loans in an amount of $14,637,916, with 30 of these loans having Down Payment Assistance Loan (DPAL) totaling $522,662.00 in down payment assistance.

Average Purchase Price:

DC Open Doors FY 2025 Highlights:

Average Age of Homebuyer: 43

NUMBER OF TOTAL CLOSED LOANS:

Home Purchase Assistance Program

$383,393.35

Average 1st Trust Loan Amount:

$331,649.78

DCHFA is a co-administrator of the D.C. Department of Housing and Community Development’s Home Purchase Assistance Program

Average DPAL Amount:

$17,422.07

(HPAP). The Agency works in tandem with the Greater Washington Urban League and other community-based organizations to get prospective homebuyers through the HPAP process and into the D.C. home of their dreams.

Average number in Household: 2

40 $106,120.69

Average Borrower Income:

25

1 23

5

2 6

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DC Open Doors Mortgage Assistance Loans by Ward

HPAP FY 2025 Highlights: Total closed loans:

4

WARD 1 = 3 WARD 2 = 2

1

WARD 3 = 1

5

3 2

1

7

17

144

Average Purchase Price:

$416,387.99

Average Loan Amount:

WARD 4 = 4

$127,248.42

WARD 5 = 5

Average Age of Homebuyer: 41

WARD 6 = 1 W A R D 7 = 17

Average number in Household: 2

WARD 8 = 7

Average Household Income:

$81,191.92

HPAP LOANS BY WARD WARD 1 = 5

W A R D 5 = 23

WARD 2 = 2

WARD 6 = 6

WARD 3 = 1

W A R D 7 = 48

W A R D 4 = 25

W A R D 8 = 34

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SINGLE FAMILY PROGRAMS

SINGLE FAMILY PROGRAMS

DC4ME

DCHFA’S

DC4ME provides D.C. government employees mortgage assistance in the form of a 0% deferred subordinate loan. Qualified District government employees can receive a reduced interest rate 1st Trust mortgage with optional down payment assistance.

New VA Loan for Veterans and Active-Duty Members

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DCHFA launched its first Veterans Affairs (VA) loan product for veterans and activeduty service members during FY 2025. The new DC4ME VA loan product is one of the most affordable and accessible loan options

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for qualified military-connected borrowers.

The product is a component of the Agency’s DC4ME program and offers traditional VA benefits, such as no down payment and no monthly mortgage insurance, helping reduce upfront costs and long-term financial barriers to homeownership. Eligible applicants include veterans, active-duty service members, certain reservists and National Guard members, as well as surviving spouses.

DC4ME is for full-time District government employees, including those who may not meet the criteria for the Employer-Assisted Housing Program administered by the Department of Housing and Community Development.

Under DC4ME, employees of D.C. government–based instrumentalities, independent agencies, D.C. public charter schools, and other organizations that fall under the oversight of the Council of the District of Columbia qualify for the program.

Total closed loans: DC4ME LOANS

BY WARD:

4

Total loan amount:

$1,371,925

WARD 1 = 1

Total down payment assistance amount:

WARD 4 = 3

0

“Our very first VA loan offers 100% financing to increase homeownership, reduce foreclosures, and better the quality of life for those who’ve served.

DCHFA is proud to offer competitive interest rates and loan products to help veterans and service members purchase a home in D.C.” - Christopher E. Donald, Executive Director/CEO, DCHFA

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HOMEOWNER HIGHLIGHT

HOMEOWNER HIGHLIGHT

FY 2025 Homeowners Highlight DCHFA’s homeownership initiatives help shape a more stable and inclusive housing ecosystem in D.C. Through sustained support, residents are able to achieve long-term housing security, laying the groundwork for more resilient neighborhoods. The result is not simply owning a home, but the stability and confidence that allow families and communities across D.C. to grow and thrive.

LATASHA

CHRIS & CAREY

Achieved her dream of becoming a firsttime homeowner through DCHFA’s flagship program, DC Open Doors, in FY 2025.

With the help of DCHFA’s DC4ME program, Chris, a District government employee, and Carey purchased their Ward 4 home during FY 2025.

They learned about this program through research and conversations with their loan officer.

A native Washingtonian and preschool teacher, LaTasha is proud to call Ward 8 home. She views homeownership as a source of stability and security for her family and encourages prospective buyers to practice financial responsibility. For LaTasha, the long-term reward of fully owning a home after paying it off underscores the lasting value of affordable homeownership.

The pair had a positive homebuying experience and expressed sincere happiness about being a part of the D.C. community, living in their dream home. They believe buying a home is investing in your future, your neighborhood, and your long-term financial well-being.

“Yes! We’re proud first-time homeowners, still getting used to the fact that the keys in our pockets actually belong to our place.”

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SINGLE FAMILY PROGRAMS

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DCHFA’s Annual

Homeownership Conference and Fair In observance of Homeownership Month in June, DCHFA hosted its second Annual Homeownership Conference and Fair, convening a robust lineup of community stakeholders, partners, and activists focused on connecting, collaborating, and advocating for the implementation and expansion of accessible homeownership and homebuyer programs within the District.

The conference theme was Better Together: The Power of Creating and Leveraging Partnerships, and the event concluded with an award ceremony recognizing top lending and realtor partners of DCHFA’s homeownership programs.

This year’s panel topics were as follows: The Importance of Housing Counseling; Liquidity & Lending: Navigating Mortgage Programs in Today’s Market; Women in Real Estate: Communication

and Leadership; and NAR Settlement: How the Lending Network Is Being Affected.

The Fair served as a day of education for first-time homebuyers and current homeowners.

Realtors, housing counselors, lenders, community-based organizations, and other partners across the District tabled the event to support residents in buying and owning a home.

Attendees were able to learn about DCHFA’s homebuying programs, discuss creditrepair options, and tour The Ana Townhomes.

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Community Engagements & News

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LEE LEGACY – SCHOLARSHIP

For the Future:

Todd A. Lee Scholarship 2025 The Todd A. Lee Scholarship commemorates DCHFA’s former executive director/CEO and honors his commitment to both affordable housing and education. The recipients of this scholarship are undergraduate and graduate students that aspire to be future contributors to the field of affordable housing.

SADE BOYEA

Bachelor of Science in Business Administration Real Estate at Liberty University “By studying real estate development, I gain comprehensive skills that I can apply in my daily work, which improves operational efficiency, strategic decision-making, and overall property performance.”

CAMERON GADSON

Master of Public Policy at American University “As a student rooted in evidence-based analysis and community involvement, I will work to offer solutions that harmonize economic growth with social equity.”

DAJHON WILLIAMS

Master of Public Health at Brown University “I want to be part of care teams delivering wraparound services like mental health support, maternal and reproductive care, and WIC and housing programs like homelessness prevention, rapid rehousing, and permanent supportive housing.”

KEEVSAYAH POLITE

Bachelor of Science in Business Administration at Florida Memorial University “My goal is to create a space both physical and emotional where business and guidance come together to help people feel their best from the inside out.”

KEICHA BARNES

Bachelor of Science in Computer Engineering at the University of the District of Columbia “As I continue my academic and professional journey, I remain committed to honoring Mr. Lee’s legacy through excellence, service, and a career that uplifts others.”

AUDREY DAVIS

Master of Professional Studies in Real Estate at Georgetown University “Through my graduate studies in real estate at Georgetown University, I have come to see real estate as a powerful vehicle for change, especially when used to advance affordable housing and community development.”

NATALIE WASHINGTON

Master of Real Estate Development at the University of Maryland

MARISSA GARLAND Bachelor of Business Administration in Business Management and Bachelor of Business Administration in Finance at the University of the District of Columbia

“As an aspiring entrepreneur with a strong foundation in finance and accounting, my career goals are rooted in creating impact-driven ventures and fostering opportunities for others.”

“My career goal is to work on the development side either with a mission-driven firm or by launching my own company so I can take on struggling properties and reposition them for long-term success.”

QUENTIN FOSTER

Bachelor of Science in General Business at Louisiana State University “A key part of my vision is to prioritize environmentally responsible projects that pursue LEED Platinum certification, ensuring that the spaces I help build are both innovative and sustainable.”

KHUFU EDWARDS Master of Business Administration at Morgan State University

“My goal is to learn the inner workings of our lending team, as well as our other services, so I can better refine our program offerings and streamline our lending capabilities.”

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COMMUNITY

COMMUNITY

Community Focus:

Charitable Contribution Program DCHFA’s Charitable Contribution Program funds organizations that have initiatives and events that targets: Youth Sports and Arts, Academic or Vocational Enrichment, Supporting Seniors, Resident Services, and Supporting Neighborhood Amenities and Events.

Through the Agency Charitable Contribution Program, the Agency awards funding via grants, sponsorships, scholarships, and donations.

In FY 2025, DCHFA contributed and/or supported 65 District organizations, programs, and scholars.

Included in that number are 10 Todd A. Lee Scholars.

Over 50% of those organizations and scholars awarded were recipients. The majority of funding was allocated to support organizations and scholars received funding for the first time from DCHFA. The majority of funding was allocated to the Charitable Contribution Program (57%) and scholarships (25%).

The primary Target Themes supported in FY 2025 were Academic or Vocational Enrichment for both school-age

students and adult learners and Supporting Neighborhood Amenities and Events.

The Agency also announced its new community service initiative: DCHFA in the Community, where employees have opportunities to engage in community service activities.

DC DREAM CENTER Staff donated toys for DC Dream Center’s Santa Toy Shop, a toy store consisting of donations that parents and guardians can shop for children ages 2–12.

Volunteers assisted with setting up the store and helping parents select items for their children.

WASHINGTON SCHOOL FOR GIRLS Staff participated in Career Day at Washington School for Girls by having informal conversations with students about the Agency, our roles, and career paths.

CENTRAL UNION MISSION Volunteers supported the annual Senior Prom and grocery give away. Staff coordinated with check-in, prepared grocery bags, served lunch, and assisted staff with recreational games.

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COMMUNITY

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COMMUNITY

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As We Rise Balancing Self-care and Success In observance of Women’s History Month, DCHFA and Women of Color in Community Development hosted the second year of As We Rise, an installment of DCHFA’s Baldwin Du Bois Discussion Series. This year’s theme was “Balancing Self-care and Success.”

This event gathered a range of multigenerational speakers and panelists to discuss the key aspects of wellness, mentorship, and resilience.

The event featured a variety of speakers and panelists: those who are entrepreneurs and authors, as well as those who work within the affordable housing sector and wellness industry. Featured guests included former Acting Secretary of Housing and Urban Development (HUD), Adrianne Todman.

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NEWS AND MEDIA

NEWS AND MEDIA

Housing Now:

DCHFA in the News Aspire Apartments

BISNOW This Week’s D.C. Deal Sheet: Downtown Medical Building Sells For $46M

AFFORDABLE HOUSING FINANCE LGBTQ-Affirming Senior Housing Opens in D.C.

‘Simply Unsustainable’: D.C.’s Affordable Housing Crisis Deepening As Unpaid Rent Mounts

METRO WEEKLY D.C. Opens Its First LGBTQ Senior Housing Community

‘We’re Losing Assets’: Unpaid Rents Pushing D.C. Affordable Housing Owners Into Distress

108-Unit Columbia Heights Project Gets Financing: The D.C. Deal Sheet CONNECT CRE Manna Breaks Ground on DC Mixed-Use Redevelopment Project DCHFA Funds New Seniors Housing Project in D.C.

$100M Affordable D.C. Project Lands Financing Gilbane JV Moves Forward on Affordable D.C. Development

INVESTORS HANGOUT Empowering Future Leaders Through the Todd A. Lee Scholarship Investment Boosts Affordable Senior Housing Solutions in D.C.

DCHFA Finances Fresh Affordable Senior Housing in D.C.

MORTGAGE Creative financing solutions help Washington, D.C., homebuyers navigate rising mortgage costs CITYBIZ Gilbane Development, City Officials and Development Partners Celebrate Ribbon Cutting and Groundbreaking for 100% Affordable Barnaby & 7th in Washington, D.C.

THE WASHINGTON POST Professional America Homeownership assistance: How to get help from a variety of sources

Looking to Buy in the D.C., Maryland, and Virginia (DMV) Region?

Homeownership Events in the DMV COMMERCIAL OBSERVER D.C. Housing Finance Agency Issues $121M Financing for Affordable Housing Project D.C. Affordable Housing Project Secures $114M D.C. Affordable Housing Development Lands $62M in Construction Financing

WUSA9.COM D.C. mayor’s office celebrates new homes in Anacostia

THE WASHINGTON INFORMER DCHFA Commits $70M to New S Street Village Affordable Housing

D.C. Housing Finance Agency’s Homeownership Fair

All-Electric Affordable Housing Comes to D.C.

Bowser Pushes Sweeping Reforms To D.C. Housing And Tenant Laws This Week’s D.C. Deal Sheet: Shaw Affordable Project Gets Financing

MULTI-HOUSING NEWS Gilbane JV Lands Financing for DC Redevelopment

WTOP NEWS Southeast D.C. affordable housing project unveils phase 1, displaced residents get first dibs

DCHFA Opens Applications for Fifth Annual Todd A. Lee Scholarship D.C. Homeownership Is Possible, Experts Say DCHFA Announces Recipients of Fifth Annual Todd A. Lee Scholarship

ABC 7 NEWS D.C. Mayor opens a new affordable housing complex THE WASHINGTON BLADE No Rose, your interest rate has nothing to do with how many likes you got on Hinge Navigating D.C.’s down payment assistance programs

D.C. Housing Agency Funds 229 New Affordable Units in Ward 8

HOMES.COM Washington, D.C., boosts financial benefits to help military members buy homes

THE REAL DEAL Tenant-owned affordable project lands $114M of financing in D.C.

NBC4 WASHINGTON New affordable housing development opens in Anacostia

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AUDITOR’S LETTER

AUDITOR’S LETTER

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AUDITOR’S LETTER

AUDITOR’S LETTER

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FINANCIAL REPORT

FINANCIAL REPORT

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FINANCIAL REPORT

FINANCIAL REPORT

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FINANCIAL REPORT

FINANCIAL REPORT

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Written by Keme Arigbe, Public Relations Associate, DCHFA Edited by DCHFA PR (Yolanda McCutchen, Vice President and Keme Arigbe) Designed and Copyedited by Brandire Photography by Chris Spielmann, Spielmann Studio Printed by Global Print Master