Dantes Partners partnered with the Menkiti Group and led the successful development of 28 units of workforce housing in the Columbia Heights neighborhood. Our team identified and closed the acquisition financing and secured 9% Low Income Housing Tax Credits as well as conventional permanent debt. This sustainable community, which targets professionals and families earning at or below 60% AMI, is designed with unique features to assist the hearing-impaired. As a fitting addition to the Columbia Heights community, the project has revitalized a once vacant and derelict lot into a vibrant housing community that provides much needed luxury workforce housing in the rapidly gentrifying neighborhood.
1421 Euclid Street NW
Fast Facts
- 28 Units
- 27,000 GSF
- $10 M Total Development Cost
- Completed Summer 2014
- Financed with 9% LIHTC and conventional debt
- Workforce Housing for Individuals and Families
- 60% AMI and below
Property Website
www.JusticeParkApartments.com