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A unique blending of federal and local financing will result in the renovation of 148 affordable rental units in the District following action taken by the District of Columbia Housing Authority.

The two properties, Maycroft Apartments and the Phyllis Wheatley YWCA building, are rare construction projects in the nation to use both local and federal subsidies to finance operations.

“This is the first time we are blending city-funded vouchers and federal public housing funds into one unique program,” said Adrianne Todman, DCHA’s executive director. “We were able to keep more units for low-income households by leveraging local and federal funds, which helps us to stretch rental assistance dollars.”

Maycroft Apartments, located at 1474 Columbia Road, N.W., will have 41 efficiency, one-, two-, and three-bedroom apartments for people making 30 percent of the area median income (AMI) and 23 apartments available at 60 percent of AMI. All 84 apartments in the Phyllis Wheatley YMCA building, located at 901 Rhode Island Avenue, N.W., will be available for qualified households. Both properties, once renovated, will feature energy efficient upgrades, common areas, and spaces for community or supportive service programming.

“The concept of layering public housing and voucher subsidies has been talked about for 10 years. I’m proud this board was able to make it a reality for District residents,” said Terri Thompson, board chairman. “Due to our action, these buildings will serve as a model for future affordable housing development.”

The $26.7 million construction at the four-story Maycroft Apartments will be financed through a mix of Low Income Housing Tax Credits, funding from the Department of Behavioral Health, the Housing Production Trust Fund, and other sources. A commercial portion of the building will be made possible through New Market Tax Credits.

A $16.9 million renovation will modernize all of the single-room occupancy apartments at the Phyllis Wheatley building. Some 54 units will get kitchenettes and full bathrooms to allow for more independent living. Financing will be provided through Low Income Housing Tax Credits, funding from the Department of Behavioral Health, Replacement Housing Factor Funds, and other various sources. 

Last modified: 3/3/2015 2:53:13 PM