WinnDevelopment won the competitive TOPA rights and partnered with the community’s Tenant Association to carry out substantial renovations without displacing tenants. Total project cost of $27.4MM.
MidAtlantic Realty Partners, one of the leading market rate developers in DC, partnered with Taylor Adams Associates for Phase I of The Solstice, which will produce 137 units of affordable housing on East Capitol Street NE.
Neighborhood Development Company and Arten Bladensburg LLC closed on $23MM to construct 65 units of affordable housing in January, 2018. The units will be reserved for seniors aged 55 and older.
Local nonprofit Bethel Corporation and Hudson Valley Property Group closed on $18.5MM of financing to renovate this vintage HUD 236 asset in Washington County with bonds issued by Maryland CDA.
This 50-year-old high rise closed on $45MM in financing in June 2017 to complete substantial renovations which will benefit the senior residents for years to come.
This development will bring 41 brand new mixed income units to downtown Anacostia.
WinnDevelopment closed on $69 million of multi-layered financing for Atlantic Gardens and Atlantic Terrace in Washington, D.C.
This $23 million transit oriented development will create a mixed income community that will include 18 units of Permanent Supportive Housing in collaboration with the Department of Behavioral Health and the District of Columbia Housing Authority.
Neighborhood Development Company and Mi Casa, Inc. closed $24 Million for mixed-use building located at 3232 Georgia Avenue, NW.
Four Points LLC secured $23 Million of New Market Tax Credit allocation for $150 Million Mixed-use Development over 320,000 GSF of office space, storefront retail, apartments and below-grade parking.
Audubon Enterprises was selected to provide technical advisory services to the District of Columbia Housing Authority (“DCHA”) in 2013 and again in 2014.
The principals of Audubon Enterprises have over 20 years of experience financing an eclectic variety of asset classes from small retail to institutional sized mixed-use facilities ranging in total development cost from as little as $1 million up to more than $800 million. Audubon has extensive tax credit experience (LIHTC, NMTC and HTC) and has closed on financing from nearly every public capital source available including HOME, HPTF, NSP, CDBG and NIF. Audubon maintains a narrow focus on creatively structuring tax efficient financing for our clients and their partners. Since its founding in 2012, Audubon has been successful in creating and preserving over 1,600 units of mixed income housing across multiple jurisdictions. During the last nine months, Audubon closed in excess of $150 million in financing using a variety of capital sources including tax exempt bonds and tax credit equity.
Interested in Learning more?
To find out how we can help strategically finance your next development project using our unique government and private capital relationships, contact us by clicking the button below.