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Dantes Partners

Taking the Complexity out of Affordable Housing.

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Parcel 42

Dantes Partners, LLC in partnership with H Street Community Development Corporation, Group 360 Real Estate Advisors and Irving Development LLC closed on the financing for Parcel 42 in Q1 2022. The development will transform a vacant lot in the Shaw Neighborhood of Washington, DC into 110 units of Luxury Affordable Housing. The development will consist of a mix of studios, 1-bedroom and 2-bedroom units. The development will also include approximately 1,785 SF of ground floor retail space along 7th street. 108 of the 110 units will be income restricted and reserved for residents earning between 30% and 80% of the Area Median Income (AMI).

1707 7th St NW

Fast Facts

  • 110 units
  • $58.9MM Total Development Cost
  • New construction of an affordable housing development
  • Funding Sources:
    • — 4% LIHTC Equity
    • — DC LIHTC Equity
    • — Tax-exempt bonds financing
    • — Amazon Housing Equity Fund Mezzanine Financing
    • — Construction and Perm Financing
  • Anticipated Completion: Q4 2023

Property Website

ComingToParcel42.com

Development Partners

  • H Street Community Development Corporation
  • Group 360 Real Estate Advisors
  • Irving Development LLC

Lending and Financing Partners

  • Wells Fargo Bank, N.A.
  • Sugar Creek Capital
  • DCHFA
  • Amazon.com Inc.

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