ACQUISITION / PRESERVATION / REDEVELOPMENT

Anacostia Gardens Apartments

Built in the early 1960s, Anacostia Gardens is located in the Fort DuPont neighborhood
of Washington, DC’s Ward 7. Its 100 apartments have individual gas heating and hot
water systems, as well as central air conditioning. The property has on-site parking,
a laundry facility, and a community room for resident activities. It is adjacent to the
Washington Nationals Youth Baseball Academy and is located in a Qualified Census
Tract (QCT).


TOTAL COST
$ 8,876,000

DESCRIPTION
Anacostia Gardens is comprised of 37 single-bedrooms, 49 two-bedroom, and 14
three-bedroom units.
All of its households are at or under 60% AMI, and receive rental subsidy through a
project-based Housing Assistance Payment contract with HUD.

FINANCING
Secured financing and funding for this project included:
$ 6,400,000Eagle Bank
$ 2,400,000LISC
$ 76,000Equity




FOLLOW OUR COMMUNITY BUILDING

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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.

This property is just one example of how NHPF’s commitment to affordable housing has helped American families.

ABOUT THE NHP FOUNDATION
Headquartered in New York City with offices in Washington, DC, and Chicago, IL, The NHP Foundation was launched on January 30, 1989, as a publicly supported 501(c)(3) not-for-profit real estate corporation. NHPF is dedicated to preserving and creating sustainable, service-enriched multifamily housing that is both affordable to low and moderate income families and seniors, and beneficial to their communities. NHPF also provides a robust resident services program to more than 28,000 community residents. Through partnerships with major financial institutions, the public sector, faith-based initiatives, and other not-for-profit organizations, NHPF has preserved 85 properties, totaling 14,931 units in 19 states and the District of Columbia. Today, NHPF’s portfolio includes 44 properties, totaling 4,773 apartment units, in 15 states and the District of Columbia.