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Originally built in 1968, Montana Terrace in Northeast DC deteriorated during two decades, and by the early 1990s residents were under threat from gangs and drugs. The future of Montana Terrace turned around in 1996 when the D.C. Housing Authority formed a partnership with the facility’s residents and a private local company called Innovative Development Solutions (IDS) to plan and implement a comprehensive renovation.  

Units in extremely poor condition were demolished, and renovation began on the rest of the buildings to create 65 public housing units, including four units for people with disabilities. Twenty-eight units were transformed into home ownership opportunities for low-income residents, and are now known as the Bryant Street Townhome Condominiums. All 28 buyers were low-income District residents, including five former public housing residents.   All homes were made affordable to lower income buyers by DCHA providing deferred 2nd mortgages ($60,000 to $64,000) for the difference between the private first trust mortgages ($69,000) and the market value of the homes of $125,000 - $129,000.
 
Critical partnerships helped ensure success of the revitalization. The renovation of the public housing units was financed through U.S. Department of Housing and Urban Development (HUD) Comprehensive Grant funding. HUD approved the home ownership program and Fannie Mae provided interim financing to support the job training, employment and home ownership education programs.
 
In addition, a special crime reduction program was initiated bringing together the resources of the U.S. Justice Department, the U.S. Drug Enforcement Administration, the FBI, the U.S. Attorney, and the Metropolitan Police.
Last modified: 12/22/2014 9:08:42 PM