Kennedy Street Community Partners – a joint venture comprised of Dantes Partners, Gilbane Development Company, and H Street Community Development Corporation – plans to transform a vacant lot located at 809 Kennedy Street NW into The Todd A. Lee Senior Residences at Kennedy Street. The proposed development calls for 38 units of luxury affordable senior rental housing and approximately 1,000 SF of ground floor retail. The site is located in the Brightwood neighborhood Ward 4 of the District of Columbia, which has the highest senior population in DC. All 38 units will be income-restricted to seniors age 55 and up earning between 30% and 50% Adjusted Median Income (AMI).
The $15.8M development is financed using a combination of 4% LIHTC equity, Tax-Exempt Bonds, DHCD Gap Financing and an NSP Grant via DMPED. Named in memoriam of the late former Executive Director of the DC Housing Finance Agency and affordable housing champion, the development will provide much-needed affordable housing for seniors in the District of Columbia and ground floor retail which will contribute to the revitalization of the Kennedy Street corridor.
809 Kennedy St NW
- 38 luxury affordable units and Ground Floor Retail
- Approximately 36,000 GSF
- $15.8M Total Development Cost
- 4% LIHTC Equity, Tax-Exempt Bonds and DHCD Gap Financing
- Affordable housing for active adults earning at or below 50% AMI
- Anticipated completion Q2 2021