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