ACQUISITION / PRESERVATION / REDEVELOPMENT

Columbia Heights Village Apartments

Columbia Heights Village is a 406-unit, 31 building apartment development located on 14th Street, N.W. in the vicinity of Harvard Street and Columbia Road in Washington, DC.



TOTAL COST
$ 103,191,842

DESCRIPTION
The property is composed of three different property types: a ten-story high-rise, garden-style homes, and seven town homes.

PERMANENT FINANCING
$ 62,862,858 Senior Mortgage Debt
$ 29,365,000 Supplemental Mortgage Debt
$ 5,000,000 Enterprise Community Loan Fund, Inc.
$ 4,950,000 Enterprise Community Partners, Inc.
$ 1,013,984 Existing Reserve Held and behalf of the Tenants’ Association

 





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 90 properties, totaling 16,000 units in 19 states and the District of Columbia. Today, NHPF’s portfolio includes 49 properties, totaling 8,400 apartment units, in 15 states and the District of Columbia.