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Affordable Housing Preservation in DCHarry D. Sewell, Executive Director and CEODistrict of Columbia Housing Finance Agency
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AFTER: The Overlook at Oxon Run
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District of Columbia Housing Finance AgencyNALHFA Conference – Affordable Housing Preservation – 5.20.11 3
The Overlook at Oxon Run316 units (1 BR and 2 BR)
Financing: $73.5 million Total Development Cost $36.8 million – tax-exempt bonds $26.6 million – 4% LIHTC – equity retired
$13 million of bonds $21 million – DHCD loan (local trust fund) Deferred developer fee
Development Team: Community Preservation Development Company (CPDC) and Crawford Edgewood Managers, Inc. (CEMI)
Computer room
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District of Columbia Housing Finance AgencyNALHFA Conference – Affordable Housing Preservation – 5.20.11 4
Hubbard Place(230 units (Eff, 1BR, 2 BR) w/ground floor retail)
Developer: Somerset Development Company Partnership with DC Dept. of Human Services Financing
$42 million – Total Development Cost $25.0 million – Tax-exempt bonds $14.8 million – 4% LIHTC (equity retired $10
million of bonds $8.5 million – DHCD loan (local trust fund) Deferred developer’s fee
Black Lion
Courtyard Laundry