Ridgecrest Village Apartments

Ridgecrest Village Apartments is a 272-unit apartment development located at 2000 Ridgecrest Court, SE in the Congress Heights neighborhood of Washington, DC.

$ 31,106,440

The property consists of 1,2, and 3 bedroom units in 13 three-story buildings. 50% of the units are at 80% AMI.

Secured financing and funding for
this project included:

$ 21,075,000 Chase Senior Mortgage Debt
$ 7,500,000 DHCD DHCD/Capital Impact Partners Subordinate Debt
$ 2,524,740 Seller Note

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.

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 95 properties, totaling 16,495 units, located in 19 states and the District of Columbia. Today, NHPF’s portfolio includes 56 properties, totaling 10,000 apartment units, in 15 states and the District of Columbia. NHPF also provides service programs to approximately 28,000 community residents.