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