 Todd A. Lee Senior Residences, 809 Kennedy Street NW
The Department of Housing and Community Development (DHCD) has provided $15.6 million in financing from the Housing Production Trust Fund (HPTF) that will produce more than 100 new units of affordable housing for low-income households in Wards 4 and 7.
“Every investment we make in producing or preserving affordable housing is significant,” said DHCD Director Polly Donaldson. “But honoring the life of Todd Lee is an added incentive to ensure that our investments are reaching the most vulnerable residents.”
Kenney Street Community Partners LLC, a joint partnership between Dantes Partners, Gilbane Development Company and H Street Community Development Corporation, received $7.37 million in HPTF financing for the Todd A. Lee Senior Residences, a new five-story 38-unit senior apartment building at 809 Kennedy Street NW in Ward 4. Thirty-five (35) units will be for senior age 55 and over who earn between $42,500 to $60,650 per year; three (3) units will be seniors 55 and over who earn between $25,000 to $36,400 per year.
The project also received financing from the DC Housing Financing Agency (DCHFA) with $8.2 million in tax exempt bonds and $5.6 million in low-income housing tax credits. Lee was the agency’s director until he passed in January. Estimated completion for the project will be in Summer/Fall 2021.
Neighborhood Development Corporation received $8.26 million in HPTF financing and $3.1 million from the National Housing Trust Fund (NHTF) for a new five-story 63-unit apartment building at 1100 Eastern Avenue NE in Ward 7. Fifty (50) units will be for households that earn between $42,500 to $60,650 per year; 13 units will be for households that earn between $25,000 to $36,400 per year.
The project also received financing from the DC Housing Financing Agency (DCHFA) with $13.9 million in tax exempt bonds and $9.8 million in low-income housing tax credits. Estimated completion for the project will be in Fall/Winter 2021.
1100 Eastern Avenue NE
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