the NHP FOUNDATION Preserves
afforable housing in THE NATION'S CAPITAL

Parkchester Apartments
Multi-Family Housing in
Washington, DC



PARKCHESTER APARTMENTS, originally constructed in 1978, is situated on 6 acres of well-maintained and landscaped grounds. The 92 unit, one story cottage-style property features spaciously designed two and three-bedroom apartments. Each unit offers fully equipped kitchens, frost free refrigerator/freezers, garbage disposals and spacious patios. The Property also offers an on-site laundry facility, outside grills, beautiful landscaping, and community activities.

Total cost
$ 10,000,000

Description
Parkchester Apartments of 63 single-bedrooms units, 19 two bedroom units, and 12 three-bedroom units. 100% of current households receive rental subsidy through a project-based Housing
Assistance Payment contract with HUD.

Financing
The purchase price for this property was $10,000,000.
Secured financing and funding for this project included:

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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.

PARKCHESTER APARTMENTS 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.