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
Founded in 1989, The NHP Foundation strives to provide quality affordable multi-family housing and resident services for low to moderate income families. Since 1994, NHPF has acquired and preserved 94 properties, totaling 16,438 units, located in 19 states and the District of Columbia. Today, NHPF’s portfolio includes 52 properties, totaling 8,815 apartment units, in 15 states and the District of Columbia. NHPF also provides service programs to approximately 28,000 community residents.