Dantes Partners, LLC and its affiliates, in partnership with H Street Community Development Corporation (HSCDC) and The Crosby Family Trust (Crosby acquired Cascade Park Apartments in December 2019). The team closed on the financing of Phase I in Q4 2021 and Phase II Q1 2022. The total development will consist of a 132-unit substantial rehab across 5 residential buildings. The Project will provide high quality affordable housing for individuals and families at or below 80% AMI, of which, a total of (28) units will be permanent supportive housing (PSH) for vulnerable District residents with income at or below 30% AMI to be subsidized using local rental supplement program (LRSP) funds—the District’s version of project-based vouchers. The general renovation scope includes a complete overhaul and introduction of HVAC systems, ductwork, plumbing, fire alarm, electrical and lighting, flooring, doors and windows, and the creation of an accessible outdoor child play area, among other site upgrades.
4th Street SE
Fast Facts
- Phase I 9%: 73 units
- Phase II 4%: 59 units
- $51.2M Total Development Cost
- Substantial rehab and creation of an 100% affordable development
- Funding Sources:
- — 4% LIHTC Equity
- — 9% LIHTC Equity
- — Tax-exempt bonds financing
- — DC LIHTC
- — HPTF Gap Financing
- — FHLB Atlanta
- — Construction and Perm Financing
- Anticipated Renovation Completion: Q2 2023
Property Website
Our Partners
