NHPF remains very concerned regarding the overall health and well-being of our 25,000 residents during the Covid-19 crisis. We have been actively working with our third-party management companies in taking steps such as increased cleaning of common areas, limiting resident contact except for emergency situations and, through our resident services program subsidiary Operation Pathways, providing resources for financial assistance, food, medicine, transportation, and needed supplies. In addition, we have placed a moratorium on all evictions for non-payment of rent for the duration of this crisis and are actively engaging our residents who have been financially impacted to discuss payment plans. We fully appreciate the social and emotional tolls the length of this crisis have taken on our residents and we will follow all local and state government directives regarding the reopening of our sites and community centers. The safety and well-being of our residents remains our highest priority.

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