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Affordable Housing Preservation in DC Harry D. Sewell, Executive Director and CEO District of Columbia Housing Finance Agency. AFTER: The Overlook at Oxon Run. The Overlook at Oxon Run 316 units (1 BR and 2 BR).
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Affordable Housing Preservation in DC Harry D. Sewell, Executive Director and CEO District of Columbia Housing Finance Agency
The Overlook at Oxon Run316 units (1 BR and 2 BR) • Development Team: Community Preservation Development Company (CPDC) and Crawford Edgewood Managers, Inc. (CEMI) • 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 Computer room
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 Courtyard Laundry Black Lion