Ridgecrest Village Apartments

Affordable Housing in Washington, DC

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

Total Cost

$31,106,440

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

Financing
Secured financing and funding for this project included:

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