D.C. Closes Financing For 185-Unit Affordable Project In Petworth

  • May 8, 2020
  • Bisnow

The D.C. Housing Finance Agency arranged $7.1M in tax-exempt bonds and $3.7M in Low Income Housing Tax Credit equity for the project. The financing deal includes an additional $10.1M in LIHTC equity and $4.1M from the Department of Housing and Community Development's Housing Production Trust Fund. TD Bank, BlueHub Capital, Walker & Dunlop, Boston Capital, JPMorgan Chase, the Local Initiative Support Corp. and Bank of America CDC were also involved in the deal.

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