Capitol Vista is a triangular-shaped parcel located in the Mount Vernon Triangle neighborhood and bounded by 2nd Street, N.W. to the west, H Street N.W. to the south, and New Jersey Avenue N.W. to the east. Based on a competitive Request for Proposals (RFP), the Office of the Deputy Mayor for Planning and Economic Development (DMPED) selected Voltron Community Partners comprised of Dantes Partners LLC, Spectrum Management LLC, The Menkiti Group and Bailey Real Estate Holdings, to redevelop the parcel. The development will have 104 affordable units with a mix of studios, 1-bedroom and 2-bedroom units as well as 3,200 square feet of ground floor retail space. It will also include significant public space improvement such as a fitness room and club room. The project will be financed using Low-Income Housing Tax Credit (LIHTC), Housing Production Trust Fund financing, and tax exempt bonds. The development commenced construction in October 2018 and will open its doors in the 3rd quarter of 2020.
810 New Jersey Avenue NW
- 104 Units, including 21 Permanent Supportive Housing (PSH) units
- Approximately 108,500 GSF
- $60M Total Development Cost
- 4% LIHTC, HPTF Financing, and Tax-exempt bonds
- Rents will be set at 30% and 50% Area Median Income
- Anticipate completion Fall 2020