Elm Gardens Apartments
36 Units of Affordable Housing in the Takoma Neighborhood of Washington, DC
Elm Gardens was acquired in the Fall of 2022 by The NHP Foundation in coordination with the Elm Gardens Tenants Association via the District of Columbia’s Tenant Opportunity to Purchase Act (TOPA). This 36-unit property was constructed in 1966 and was last renovated in 2000.
Total Acquisition Cost
Secured financing and funding for this acquisition include:
|$7,535,000||LIIF Acquisition Loan|
|$2,000,000||NHT Subordinate Loan|