the NHP FOUNDATION
afforable housing in THE NATION'S CAPITAL
Multi-Family Housing in
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.
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.
The purchase price for this property was $10,000,000.
Secured financing and funding for this project included: