the NHP FOUNDATION
AFFILIATES PROGRAM


The Roundtree
Residences
New affordable housing in 2013


The Roundtree Residences is a 91-unit senior housing development in Southeast Washington, DC. Construction began in January, 2012 and was completed in March, 2013. The Roundtree Residences will be owned in partnership with Vision of Victory CDC (VOV), which is a part of Allen Chapel AME Church, a pillar of the community in South East DC. NHPF is serving as developer of the property in partnership with VOV and District Development Group, LLC, a local for profit development company. The property will include a community room, internet café, exercise room, and potentially an onsite medical clinic for residents. NHPF is committed to having this project contribute to local economic development. 65% of construction sub-contracting is with local (Ward 8), small, or disadvantage business and 15% of labor-hours are with local residents. Both of these are well in excess of local requirements.

Total cost
$ 16,265,673

Description
This property is 80% affordable at 60% AMI and 20% affordable at
50% AMI. There are 80 one-bedroom units and 11 two-bedroom units.

Permanent Financing
For this project include:

Construction Period Only Financing:

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NHPF’s diverse income and rent structure provides housing for a range of households from low to moderate income. Notwithstanding income levels, the same level of amenities and access to our services is offered to all residents.


THE ROUNDTREE RESIDENCES is just one example of how NHPF’s commitment to affordable housing has helped American families. For more information on NHPF's properties, please visit http://nhpfoundation.org/properties.php.