Media Room
Press Releases
DCHFA closes out June with the financing of new affordable apartments in Ward 5
July 03, 2024
Washington, D.C. – On June 26, 2024, the District of Columbia Housing Finance Agency (DCHFA) issued $29.7 million in tax exempt bonds, underwrote $24.5 million in federal and $4.3 million in DC Low Income Housing Tax Credit equity for the construction of One Hawaii Apartments.
DCHFA finances 115 affordable apartments coming to Ward 6’s NoMa/Union Market
June 28, 2024
Washington, D.C. – On June 13, 2024, the District of Columbia Housing Finance Agency (DCHFA) issued $47.6 million in tax exempt bonds and underwrote $32.3 million in federal Low Income Housing Tax Credit equity for the construction of Emblem, a 115-apartment development in Ward 6.
DCHFA finances 139 affordable apartments in the Second Phase of Development in Ward 8’s Barry Farm
June 06, 2024
Washington, D.C. – On May 30, 2024, the District of Columbia Housing Finance Agency (DCHFA) issued $61.1 million in tax exempt bonds and underwrote $52 million in federal Low Income Housing Tax Credit equity for the construction of The Edmonson (formerly Barry Farm Building 1A).
DCHFA Extends the Deadline of the Fourth Annual Todd A. Lee Scholarship and Expands the Range of Majors Eligible for at Least $5,000 in Awards
May 29, 2024
Washington, D.C., May 29, 2024 (GLOBE NEWSWIRE) -- Washington, D.C. – The District of Columbia Housing Finance Agency’s (DCHFA) 2024 Todd A. Lee Scholarship has extended its application deadline to July 12, 2024, and expanded the criteria to reach a larger number of students. The scholarship is now open to 10 qualifying majors and can result in awards of at least $5,000.
DCHFA Announces the Fourth Annual Todd A. Lee Scholarship for the Next Generation of Affordable Housing Leaders
April 25, 2024
Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) has launched the 2024 Todd A. Lee Scholarship. Todd A. Lee was the Executive Director and CEO of DCHFA from 2016 to 2020. During his lifetime, his career focus was innovation, infrastructure/process, and financing in real estate. He came to DCHFA to create an impact in the city through the preservation and construction of affordable and workforce housing in the District of Columbia.
DCHFA finances first development of FY 2024 – 151 affordable senior apartments in Ward 5
December 13, 2023
Washington, D.C., Dec. 13, 2023 (GLOBE NEWSWIRE) -- On December 1, 2023, the District of Columbia Housing Finance Agency (DCHFA) closed its first affordable housing investment of FY 2024 with the issuance of $59.6 million in tax exempt bonds and underwrote $44.8 million in federal and $8.8 million in D.C. Low Income Housing Tax Credit equity for the construction of Edgewood Commons V Apartments (435 Edgewood St NE). The new Ward 5 senior community will consist of 151 apartments. “DCHFA is proud to continue its partnership with Enterprise Community Development in expanding the Edgewood Commons campus and increasing the number of affordable rental housing units in Ward 5, specifically much needed apartments for seniors,” stated Christopher E. Donald, Executive Director/CEO, DCHFA. In August 2023 the Agency invested $54.7 million in tax exempt bonds for the rehabilitation of Edgewood 611 and Edgewood Gardens Apartments both of which are components of Edgewood Commons. Financing sources for Edgewood Commons V include a $26.5 million loan from the DC Department of Housing and Community Development’s Housing Production Trust Fund.
Marcus Ervin joins DCHFA as Senior Vice President, Multifamily Lending and Neighborhood Investments
October 12, 2023
Washington, D.C., Oct. 12, 2023 (GLOBE NEWSWIRE) -- The District of Columbia Housing Finance Agency (DCHFA) has named a new Senior Vice President of Multifamily Lending and Neighborhood Investments (MLNI), Marcus Ervin. As Senior Vice President, Ervin will oversee DCHFA’s MLNI division, serve as chief underwriter, and is responsible for developing business opportunities and managing the Agency’s predevelopment construction pipelines.
DCHFA ends Fiscal Year 2023 with the financing of 179 affordable senior and grandfamily apartments in Ward 1
October 12, 2023
Washington, D.C., Oct. 04, 2023 (GLOBE NEWSWIRE) -- On September 28, 2023, the District of Columbia Housing Finance Agency (DCHFA) made its final affordable housing investment of FY 2023 with the issuance of $46.2 million in tax exempt bonds and underwrote $49.4 million in federal Low Income Housing Tax Credit equity for the construction of Carl F. West Estates (1370 Harvard St NW). The new Ward 1 community will consist of 179 units reserved for seniors and grandfamilies. “DCHFA is proud to add another grandfamily development to the agency’s robust investment portfolio. We are continuing to address the need for senior housing and housing with supportive services for grandparents raising their grandchildren,” stated Christopher E. Donald, Executive Director/CEO, DCHFA. “We have had a very active September of deal closings and adding more affordable housing in Ward 1 is a great way to end the fiscal year.”
DCHFA partners with Jubilee Housing on its third affordable housing investment in September
September 29, 2023
Washington, D.C., Sept. 27, 2023 (GLOBE NEWSWIRE) -- On September 20, 2023, the District of Columbia Housing Finance Agency (DCHFA) made its third affordable housing investment of the month with the issuance of $30.5 million in tax exempt bonds and underwrote $20.1 million in federal Low Income Housing Tax Credit equity for the construction of Ontario Place (2400 Ontario Road NW) in Adams Morgan. “The work that Jubilee does is amazing. They transform what was once uninhabitable into fertile ground.” stated Christopher E. Donald, Executive Director/CEO, DCHFA at the groundbreaking of Ontario Place on September 13, 2023. Additional financing for Ontario Place is being provided by the DC Department of Housing and Community Development in the form of $23.8 million loan from the Housing Production Trust Fund.
DCHFA finances the rehabilitation of 394 affordable apartments in Ward 8
June 29, 2023
Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) issued $63.2 million in tax exempt bonds for the substantial rehabilitation of Worthington Woods Apartments on June 23, 2023. The Agency underwrote $45.5 million in federal and $9.1 million in D.C. Low Income Housing Tax Credit equity for the preservation of Worthington Woods’ 394 affordable apartments located in the Washington Highlands neighborhood of Ward 8.
DCHFA Finances 93 New Affordable Senior Apartments in Fort Totten
June 01, 2023
Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) has issued $30.6 million in tax exempt bonds for the construction of Fort Totten Senior Apartments in Ward 4 on May 24, 2023. The Agency underwrote $20.2 million in federal and $3.6 million in D.C. Low Income Housing Tax Credit equity for the development of this 100 percent affordable community, reserved for seniors age 62 and older.
DC Housing Finance Agency Launches Investor Relations Website
May 22, 2023
In partnership with BondLink, DCHFA launched a new, free transparency website, DCHFABonds.com, that will more effectively inform investors about its bond programs. The publicly-available resource will centralize the valuable data and documents that detail the credit features of the DC Housing Finance Agency's public financing programs.
DCHFA upgraded to ‘AA-’ from ‘A+’ by Standard & Poor’s
May 10, 2023
Washington, D.C. – The District of Columbia Housing Finance Agency’s (DCHFA) credit rating was upgraded by Standard & Poor’s (S&P) on April 21, 2023 from A+ to AA-. As DCHFA continuously strives to increase the supply of affordable housing in the District of Columbia, this upgrade shows the Agency is showing consistent financial results year over year.
DCHFA finances the construction of 86 new affordable apartments in Garfield Heights
March 22, 2023
Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) has issued $23.1 million in tax exempt bonds for the construction of Alabama Avenue Apartments in Ward 8. The Agency underwrote $22 million in federal and local Low Income Housing Tax Credit equity for the development of this 100 percent affordable community.
DCHFA commits to preserving affordable housing at the Villages of East River
March 07, 2023
Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) has financed the rehabilitation of 202 affordable apartments at scattered sites across Wards 7 and 8. DCHFA issued $43.1 million in tax exempt bonds for the acquisition and rehabilitation of this 16-building community formerly known as WDC 1 which spans Anacostia, Marshall Heights and Fort Dupont on February 27, 2023. The Agency also underwrote $33.4 million in federal Low Income Housing Tax Credit (LIHTC) equity and $6.4 million in D.C. LIHTC equity to finance this redevelopment.
The Faircliff affordable housing project in Columbia Heights Neighborhood of Washington, DC has begun Construction
January 20, 2023
Washington, D.C. (January 11, 2023) – Somerset Development Company, Jonathan Rose Companies, and Housing Up announced today that construction has begun on The Faircliff, a 125-unit affordable housing project in the historic Columbia Heights neighborhood of Washington, D.C. The all-electric building, which is among the most sustainable yet in the District, will be built alongside Novel 14, a 197-unit market rate apartment building built by Crescent Communities. A joint groundbreaking will be held on-site on January 18.
DCHFA closes out 2022 by financing 218 apartments across Wards 7 & 8
December 30, 2022
Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) has financed the construction of 3450 Eads Street and Belmont Crossing Phase I in Wards 7 and 8, respectively. 3450 Eads Street will bring 49 units to the River Terrace neighborhood and Belmont Crossing will consist of 169 units in the Washington Highlands neighborhood.
DCHFA funds 142-unit affordable community in Ward 1’s Park View neighborhood
December 09, 2022
Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) issued $51.2 million in tax exempt bonds and underwrote $31.5 million in federal Low Income Housing Tax Credit (LIHTC) equity for the construction of Park Morton Phase I on November 17, 2022. A part of the Deputy Mayor for Planning and Economic Development New Communities Initiative, this project will help revitalize this transit-oriented, amenity rich neighborhood and provide 40 public housing replacement units.
DCHFA funds market-rate to affordable housing rehabilitation at Ridgecrest Village
September 28, 2022
Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) has financed the rehabilitation of Ridgecrest Village Phase I in Ward 8’s Shipley Terrace neighborhood. The Agency issued $21.9 million in tax exempt bonds and underwrote $16.83 million in D.C. and federal Low Income Housing Tax Credit (LIHTC) equity. Phase I of the project will consist of remodeling 13 existing buildings on the property originally constructed in 1951
DCHFA’s investment in The Paxton brings 148 affordable units to Ward 7
September 06, 2022
Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) financed the construction of The Paxton, 148 affordable apartments in Ward 7. The Agency issued $46.92 million in tax exempt bonds and underwrote $42.02 million in D.C. and federal Low Income Housing Tax Credit (LIHTC) equity for this new construction project. All units at this property will be reserved for residents earning 50 percent or less of the area median income (AMI).
DCHFA finances construction of 108 senior apartments on historic Barry Farm’s site
August 26, 2022
Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) has issued $33.7 million in tax exempt bonds for the construction of 108 apartments in Ward 8’s Barry Farm neighborhood. All units at this mixed-income development recently named The Asberry will be reserved for seniors age 55 or older.
DCHFA kicks off August by financing 130 new affordable apartment homes in Ward 8
August 08, 2022
Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) has closed on the financing of Terrace Manor, 130 newly constructed apartment homes in Ward 8’s Randle Heights neighborhood. The community will be 100 percent affordable, with all units reserved for residents earning 60 percent or less of the area median income (AMI).
DCHFA’s Investment Expands Affordable Housing in Ward 4
July 11, 2022
Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) closed out the month of June by financing the construction of Shepherd Park Apartments. On June 30, 2022 DCHFA issued $16.3 million in tax exempt bonds and underwrote $1.8 million in Low Income Housing Tax Credits for the construction of 66 new affordable apartments at 7428 Georgia Avenue NW in Ward 4.
DCHFA celebrates Homeownership Month with the return of the Mortgage Credit Certificate
June 13, 2022
Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) has relaunched the Mortgage Credit Certificate (MCC) program. The Agency originally launched the MCC in 2016, and it was widely popular among D.C. homebuyers. DCHFA is thrilled to be able to provide aspiring homeowners with this resource again.
Mayor Bowser Breaks Ground on DC's First "Our RFP" Affordable Housing Project Located in Ward 2
March 01, 2022
Washington, DC – Today, Mayor Muriel Bowser, the District of Columbia Housing Finance Agency (DCHFA), District leaders, and community members broke ground on Parcel 42, DC’s first “Our RFP” project, a mixed-use and 98% affordable apartment building with 110-units and ground floor retail space located at 7th Street NW and Rhode Island Avenue in Ward 2.
Wendi Redfern-Curtis Joins DCHFA as Senior Vice President of Single Family Programs
February 23, 2022
The District of Columbia Housing Finance Agency (DCHFA) has named a new Senior Vice President of Single Family Programs, Wendi Redfern-Curtis.
DCHFA Finances the Agency’s First Affordable Housing Development of 2022
January 11, 2022
The District of Columbia Housing Finance Agency (DCHFA) has started the new year by financing the rehabilitation of Cascade Park Apartments.
DCHFA Funds First Development of Fiscal Year 2022
October 14, 2021
The District of Columbia Housing Finance Agency (DCHFA) has financed its first development of Fiscal Year 2022, SOME (So Others Might Eat) North Capitol.
DCHFA Closes Out Fiscal Year 2021 By Financing Affordable Housing in Wards 6 and 8
October 08, 2021
The District of Columbia Housing Finance Agency (DCHFA) has closed out Fiscal Year 2021 by issuing more than $53 million in tax exempt bonds for the construction of 182 affordable apartment homes.
DCHFA Cuts the Ribbon at The Douglass: A Todd A. Lee Townhome Community in Ward 8
October 01, 2021
The District of Columbia Housing Finance Agency (DCHFA) and H2 Development have cut the ribbon on eight affordable single-family townhomes in Ward 8’s Anacostia neighborhood.
DCHFA names Nikol Nabors-Jackson Chief of Staff
September 29, 2021
The District of Columbia Housing Finance Agency (DCHFA) has a new Chief of Staff, Nikol Nabors-Jackson, a human services and affordable housing professional with more than 20 years of government and non-profit experience.
DCHFA Finances 41 New Affordable Apartments in Congress Heights
August 12, 2021
On August 6, the District of Columbia Housing Finance Agency (DCHFA) issued $10.3 million in tax-exempt bond financing and underwrote $8.9 million in four percent Low-Income Housing Tax Credits for the construction of 41 new affordable rental homes at 17 Mississippi Avenue Apartments.
Christopher E. Donald, Sworn-in as Executive Director/CEO at DCHFA
March 18, 2021
On March 17, Christopher E. Donald was sworn-in as the Executive Director/CEO of the District of Columbia Housing Finance Agency (DCHFA).
DCHFA Relaunches the HomeSaver Foreclosure Prevention Program
February 16, 2021
In an effort to further support District residents during the coronavirus pandemic, the District of Columbia Housing Finance Agency (DCHFA) is reopening the HomeSaver foreclosure prevention program.
Mayor Bowser Distributes $13 Million from Rental Assistance Programs to Housing Providers and Announces Additional Resources for Tenants
February 09, 2021
Today, Mayor Muriel Bowser announced that the District has expended $13 million in federal funding for two rental assistance programs developed by the Department of Housing and Community Development (DHCD) and the DC Housing Finance Agency (DCHFA).
DCHFA Finances First Development of 2021 in Anacostia
January 28, 2021
The District of Columbia Housing Finance Agency (DCHFA) has funded its first development of the new year with the issuance of $27 million in tax-exempt bond financing and the underwriting of $20.6 million in four percent low income housing tax credits (LIHTC) for the construction of a new affordable rental development at 2442 Martin Luther King (MLK) Ave SE.
DCHFA Preserves Affordable Housing in Logan Circle
December 30, 2020
The District of Columbia Housing Finance Agency (DCHFA) is ending the year by issuing $17.7 million in tax-exempt bond financing and underwriting $7.7 million in four percent low-income housing tax credits (LIHTC) for the preservation of 42 affordable units at Ritch Homes Apartments.
DCHFA Finances New Affordable Development in Takoma
December 28, 2020
During the holiday season the District of Columbia Housing Finance Agency (DCHFA) continued to finance affordable housing throughout the District
DCHFA Finances the Redevelopment of Sursum Corda in NoMa
December 15, 2020
The District of Columbia Housing Finance Agency (DCHFA) is funding another transformational development in NoMa.
Mayor Bowser Announces $10 Million in Housing Stabilization Grants
December 01, 2020
Today, Mayor Muriel Bowser announced a new $10 million investment in Housing Stabilization Grants to provide support for the District’s portfolio of affordable and small housing providers.
DCHFA Finances Affordable Housing Development in NoMa
October 19, 2020
Within a week the District of Columbia Housing Finance Agency (DCHFA) has closed on its second transaction of Fiscal Year 2021 by funding the construction of 220 new affordable apartments at Northwest One. On October 16, DCHFA issued $29.9 million in tax-exempt bond financing and underwrote $17.4 million in four percent low income housing tax credit (LIHTC) for the first phase of the Northwest One located in Ward 6’s NoMa neighborhood.
DCHFA Finances First Development of FY 2021 in Ward 8
October 14, 2020
The new fiscal year has begun and the District of Columbia Housing Finance Agency (DCHFA) has closed its first deal of FY 2021, by funding the redevelopment of Savannah Apartments.
DCHFA Finances Mixed-Income Development for Families in Petworth
September 17, 2020
Within two weeks of its last deal closing, the District of Columbia Housing Finance Agency (DCHFA) has financed a second development.
Lakeview Loan Servicing Partners with District of Columbia Housing Finance Agency (DCHFA)
September 14, 2020
Lakeview Loan Servicing is pleased to announce a new partnership with the District of Columbia Housing Finance Agency (DCHFA). On September 1, 2020, Lakeview became the new Master Servicer for DCHFA’s DC Open Doors and DC4ME programs.
DCHFA Funds the Construction of a Second Assisted Living Community -The Residences at Kenilworth Park in Ward 7
August 31, 2020
The District of Columbia Housing Finance Agency (DCHFA) is financing the construction of Ward 7’s first assisted living community, The Residences at Kenilworth Park. On August 28, DCHFA issued $58 million in bond financing and underwrote $20 million in four percent low income housing tax credit (LIHTC) for this 157 apartment development.
DCHFA Funds the Rehabilitation of 358 Apartments in Washington Highlands
June 22, 2020
On June 18, the District of Columbia Housing Finance Agency (DCHFA) issued $41.7 million in tax exempt bonds and underwrote $25.3 million in four percent low income housing tax credit (LIHTC) equity for the acquisition and rehabilitation of Park Southern Apartments in Washington Highlands (Ward 8).
A Statement on Injustice
June 04, 2020
Black bodies as a canvas for violence is not a novel form of oppression. Violence against black people is in fact as American as apple pie. Remember Emmett Till like a strange fruit hanging from a poplar tree.
DCHFA Finances Affordable Housing in Wards 2 and 4
April 27, 2020
The District of Columbia Housing Finance Agency (DCHFA) is partnering with SOME (So Other Might Eat) by financing affordable housing in Wards 2 and 4.
DCHFA Finances the Preservation of 588 Affordable Apartments in Ward 8
April 02, 2020
The District of Columbia Housing Finance Agency (DCHFA) closes out the month of March by funding two transactions, the rehabilitation and preservation of Skyline Apartments and Woodberry Village Apartments.
What’s Open in DC Government -COVID-19
March 19, 2020
(Washington, DC) While the District of Columbia Government will begin to modify its operations starting Monday, March 16, in order to mitigate the spread of the coronavirus (COVID-19), the District government wants residents to know that it will continue to deliver essential services and keep the majority of its systems and services operating.
DCHFA Finances Third Affordable Apartment Community of the Month in Ward 7’s Deanwood
February 21, 2020
The District of Columbia Housing Finance Agency (DCHFA) completes its third transaction of February by financing the construction of 1100 Eastern Avenue Apartments, 63 affordable apartments in Ward 7.
DHCFA Finances Affordable Senior Community Named After Todd A. Lee
February 18, 2020
The DC Housing Finance Agency is financing the construction of a new community for seniors age 55 or older in Ward 4, the Todd A. Lee Senior Residences at Kennedy Street.
DCHFA Finances Scattered Site Development in Wards 5 and 8
February 03, 2020
The District of Columbia Housing Finance Agency (DCHFA) is financing the rehabilitation of two properties, Hanover Courts and Tivoli Gardens, with the issuance of $16.9 million in tax exempt bonds.
DCHFA Names Steve Clinton, Chief Financial Officer
January 27, 2020
Washington, D.C. – The District of Columbia Housing Finance Agency has a new Chief Financial Officer (CFO), Steve Clinton. Clinton is a Chartered Financial Analyst with more than 30 years of experience in the U.S.housing finance and policy sector.
Ragan Communications Will Honor the Employee Communications Awards Finalists at the Employee Communications Awards Luncheon in New York City
January 23, 2020
Ragan Communications has announced the finalists of its 2019 Employee Communications Awards program. Ragan will honor this elite group of organizations, agencies and nonprofits during an awards luncheon on Feb. 28, 2020, at the Grand Hyatt in New York City. These finalists represent the best internal communicators and organizations in the industry.
Christopher E. Donald, Appointed Interim Executive Director at DCHFA
January 15, 2020
The Board of Directors of the District of Columbia Housing Finance Agency (DCHFA) has appointed Christopher E. Donald to the position of Interim Executive Director following the untimely death of DCHFA Executive Director and CEO Todd A. Lee on January 1.
DCHFA Begins 2020 by Financing the Preservation of Anacostia Gardens
January 09, 2020
Washington, D.C. – On January 7 the District of Columbia Housing Finance Agency (DCHFA) funded its first transaction of the decade, the preservation of Anacostia Gardens Apartments. DCHFA issued $13.8 million in acquisition and rehabilitation financing and underwrote $8 million in low income housing tax credit equity for this 100 affordable apartment property in Ward 7.
DCHFA Mourns Executive Director & CEO, Todd A. LEE
January 03, 2020
Washington, D.C. – It is with great sadness that we announce that Todd A. Lee, Executive Director and CEO of the DC Housing Finance Agency (DCHFA), died yesterday. The entire DCHFA staff mourns this loss, and our thoughts and sympathies go out to the Lee family during this trying time.
DCHFA Funds First Development of FY 2020 Bringing 76 New Affordable Apartments to Southwest, D.C.
November 25, 2019
On November 21, the District of Columbia Housing Finance Agency (DCHFA) funds its first transaction of Fiscal Year 2020, 1550 First Street. DCHFA issued $21.6 million in bond financing and underwrote $14.3 million in low income housing tax credit equity for the construction of 76 affordable apartments in Ward 6.
DCHFA’s Board of Directors Seats New Member, Heather Howard
November 19, 2019
Washington, D.C. – Commercial real estate industry expert Heather Howard is now a member of the DC Housing Finance Agency’s (DCHFA) Board of Directors. On November 18th Howard was sworn-in by Mayor Muriel Bowser. The Council of the District of Columbia confirmed Howard’s nomination to the Board on October 7, 2019.
DCHFA Ends FY 2019 Preserving Affordable Housing through its Risk Share Program
September 30, 2019
The District of Columbia Housing Finance Agency (DCHFA) closes Fiscal Year 2019 by funding the preservation of 195 affordable apartments through the Agency’s HUD Level I Risk Share program. On September 27, DCHFA issued $25 million in bond financing and underwrote $15.3 million in low income housing tax credit equity for the rehabilitation of Randle Hill Apartments in the Congress Heights neighborhood of Ward 8.
DCHFA Invests in Ward 7 with Funding of The Solstice II
September 04, 2019
Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) ended the month of August by funding a third development in Ward 7. On August 29, DCHFA issued $18.6 million in bond financing and underwrote $12.5 million in low income housing tax credit equity for the construction of The Solstice II (3500 East Capitol Street NE Apartments).
DCHFA Finances Its Second Deanwood Affordable Rental Community of the Summer
August 23, 2019
The District of Columbia Housing Finance Agency (DCHFA) finances a second affordable development within a month in Ward 7’s Deanwood community. On August 22, DCHFA issued $19.7 million in bond financing and underwrote $13.5 million in low income housing tax credit equity forthe construction of Providence Place Apartments.
DCHFA Finances New Affordable Rental Community in Ward 7’s Deanwood
August 02, 2019
The District of Columbia Housing Finance Agency (DCHFA) closed out the month of July with the issuance of $19.5 million in bond financing and underwrote $12 million in low income housing tax credit equity for the construction of The Strand Residences, 86 affordable apartment homes in the Deanwood neighborhood of Washington, D.C. (Ward 7
DCHFA Finances the Construction of Assisted Living Community in Ward 8 – The Residences at Southern Avenue
June 17, 2019
Today the District of Columbia Housing Finance Agency (DCHFA) issues $50 million in bond financing for the construction of The Residences at Southern Avenue a 152 apartment assisted living community reserved for seniors age 60 and above who require assistance with two or more activities of daily living.
DCHFA Finances the Construction of 61 New Affordable Apartments in Brookland
June 04, 2019
The District of Columbia Housing Finance Agency (DCHFA) closed out the month of May by financing the construction of 61 affordable apartment homes at 1736 Rhode Island Ave NE in Brookland.
DCHFA Kicks-off Homeownership Month with the Lender’s Fair and Homebuyer Incentives
May 31, 2019
June is National Homeownership Month and the District of Columbia Housing Finance Agency (DCHFA) is launching into the celebration on June 1st by hosting the Lender’s Fair.
DCHFA’s Risk Share Program Finances the Preservation and Construction of Affordable Apartments in Petworth
April 09, 2019
The District of Columbia Housing Finance Agency (DCHFA) finances its first transaction in April with the issuance of $12.5 million in bond financing to rehabilitate Petworth Station Apartments and build additional apartment homes at this complex.
DCHFA Closes March by Financing 121 New Apartments in Anacostia
April 03, 2019
On March 29th the District of Columbia Housing Finance Agency (DCHFA) issued $23 million in bond financing for the construction of Stanton Square Apartments, 121 new apartment homes in Anacostia (Ward 8).
District of Columbia Building Industry Association To Host Annual Achievement Awards Dinner
March 29, 2019
On May 9th, 2019, the District of Columbia Building Industry Association (DCBIA) will host its annual Achievement Awards Dinner. Recipients this year of Annual Achievement Awards include Todd A. Lee, Executive Director & CEO District of Columbia Housing Finance Agency (Government Sector Award), The Team of the Entertainment and Sports Arena at St. Elizabeths East (Community Impact Award), and Brookfield Properties (Developer of the Year).
DCHFA Launches Reverse Mortgage Insurance & Tax Payment Program to Aid District Homeowners
March 13, 2019
As more Washington, D.C. residents fall behind on taxes and insurance costs associated with their reverse mortgage loans, the District of Columbia Housing Finance Agency (DCHFA) launches the $500,000 Reverse Mortgage Insurance & Tax Payment Program (ReMIT). The program will provide financial assistance to qualified District homeowners for delinquent property taxes, homeowner’s insurance, and qualifying property related expenses that put the homeowner at risk of foreclosure.
DCHFA Names Monte J. Stanford, Chief Operating Officer
March 05, 2019
The District of Columbia Housing Finance Agency (DCHFA) has appointed Monte J. Stanford as the Chief Operating Officer (COO). As COO, Stanford will oversee daily business operations, to include the Single Family Programs and Multifamily Lending and Neighborhood Investments divisions, the Housing Investment Platform, IT and Business Intelligence.
Mayor Bowser and DC Housing Finance Agency Announce New Mortgage Assistance Program for Furloughed Federal Employees
January 23, 2019
Today, as the partial federal government shutdown extends into its second month, Mayor Bowser and the DC Housing Finance Agency (DCHFA) have announced a new program to provide mortgage assistance to District homeowners who are furloughed federal government employees.
New Affordable Housing Community Set to Begin Construction in Washington, DC's Ward 8
January 16, 2019
City officials will join The Michaels Organization, Emmanuel Baptist Church and Ainger Place Development Corporation for a Ceremonial Groundbreaking Thursday, January 17.
DCHFA Funds Affordable Senior Housing in Ward 6
December 19, 2018
The holiday season has not slowed the funding of developments by the District of Columbia Housing Finance Agency (DCHFA). On December 14th, DCHFA issued $12 million in bond financing for the construction of 555 E Street Senior Apartments and underwrote $7.21 million in four percent low income housing tax credits (LIHTC) for 555 E Street Senior Apartments (Ward 6).
DCHFA Closes the Month by Funding Two Developments on the Final Day of November
December 06, 2018
Washington, D.C. - The District of Columbia Housing Finance Agency (DCHFA) closed out the month of November with the funding of $23.6 million in financing to create and preserve 138 units of affordable housing in the District.
DCHFA Opens Fiscal Year 2019 with Multimillion Funding Week of Affordable Housing
October 31, 2018
Washington, D.C. - The District of Columbia Housing Finance Agency (DCHFA) kicked off Fiscal Year 2019 with the closing of $144 million in financing to create and preserve 484 units of affordable housing in the District.
DCHFA Closes Fiscal Year 2018 by Funding Affordable New Construction and Preservation Developments in Wards 5 and 6
October 02, 2018
Washington D.C. – On September 28 the District of Columbia Housing Finance Agency (DCHFA) issued more than $74 million dollars in tax exempt bonds through a public offering to finance the construction and preservation of two affordable housing communities in Washington, D.C.
DCHFA Breaks Ground at Cynthia Townhomes
September 26, 2018
The agency celebrates #RoottoRoofs Housing Week with the start of construction of 15 new homes in Marshall Heights.
DCHFA Closes Homeownership Month with Launch of a New Mission, Statement of Values, Logo and Website
DownloadDCHFA Celebrates Homeownership Month with Program Enhancements
June 06, 2018
The Agency announces key program changes and launches new event during the June Housing Bloom.
DCHFA Finances Affordable Housing for Veterans at Walter Reed
May 01, 2018
Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) closed on its third affordable housing transaction during the month of April with the issuance of $9,541,577 in acquisition and rehabilitation financing for HELP Walter Reed Apartments (1324 Main Drive NW) in Ward 4.
DCHFA Preserves Affordable Housing in Brookland
April 24, 2018
Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) issued $10.1 million in acquisition and rehabilitation financing for Brookland Place Apartments (617 Hamlin Street, Northeast). DCHFA’s investment will preserve 80 units of affordable housing in Ward 5.
DCHFA Finances a Fifth Project at The Yards
April 13, 2018
The Agency’s investment will add 53 affordable apartments to one of D.C.’s fastest developing neighborhoods
DCHFA Names Michael Hentrel, General Counsel
April 11, 2018
Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) has appointed a new General Counsel, Michael Hentrel. In April, Hentrel’s tenure began at DCHFA where is the agency’s lead attorney reporting to DCHFA’s Executive Director/CEO Todd A. Lee.
DCHFA Closes First HUD Level I 50/50 Risk Share Transaction by Financing the Preservation of 176 Affordable Units in Ward 8
February 28, 2018
Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) closed on its first U.S. Department of Housing and Urban Development (HUD) Level I 50/50 Risk Share 542 (c) loan to finance the preservation of 176 affordable units at Woodmont Crossing Apartments (2327 Good Hope Road Southeast).
District Agencies Announce Progress to Transform Parkway Overlook Community
February 14, 2018
Financing secured to preserve 220 affordable housing units of mostly two and three bedrooms in Ward 8
DCHFA Finances New Affordable Senior Housing and Preserves Affordable Units in Wards 5 and 8
January 17, 2018
The Agency closes two deals on same day funding 159 apartments.
DCHFA Financing Preserves Affordable Housing in Chinatown
December 22, 2017
Washington, D.C. – On December 21, the District of Columbia Housing Finance Agency (DCHFA) issued $39 million in bond financing for the preservation of Wah Luck House Apartments (800 6th Street NW).
Thanksgiving Dinner at the DC Housing Finance Agency
DownloadDCHFA Financing Brings The Solstice to Northeast, D.C.
November 03, 2017
Washington, D.C. – On November 2, the District of Columbia Housing Finance Agency (DCHFA) financed its first development of Fiscal Year 2018 with the issuance of $21.5 million ($10.6 million long term, $10.9 million short term) in DCHFA tax exempt bonds to fund the construction of The Solstice (3534 East Capitol NE, Washington, D.C.).
DCHFA Launches the Housing Investment Platform with the Groundbreaking of Elvans Road Townhomes
August 02, 2017
The Agency partners with H2DesignBuild and City First Bank to construct new affordable homes in Ward 8
Media Advisory: DCHFA launches the Housing Investment Platform with the Groundbreaking of Elvans Road Townhomes
July 24, 2017
The District of Columbia Housing Finance Agency launches the Housing Investment Platform with the Groundbreaking of Elvans Road Townhomes.
DCHFA Introduces Multi-Family Online Application
July 18, 2017
Washington, D.C. – Today the District of Columbia Housing Finance Agency (DCHFA) takes its multifamily financing process completely online with the launch of the new Multi-Family Lending Application.
DCHFA Closes First HPAP Loan for Home Purchase Assistance
June 19, 2017
Ward 7 residents are first to benefit from innovative program
DCHFA Partners with Jubilee Housing to Preserve and Expand Affordable Housing in Columbia Heights
June 16, 2017
Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) is investing in affordable housing in Columbia Heights for the second time this spring with the issuance of $15,840,000 in bond financing for the rehabilitation and construction of the Maycroft Apartments (1474 Columbia Road N.W., Washington, DC) on June 14.
DCHFA Celebrates Homeownership Month with New Incentives for D.C. Home Buyers
June 06, 2017
The Agency launches Closing Cost Grants Giveaway and makes key program changes.
DCHFA Partners with SOME to Expand Affordable Housing in Columbia Heights
May 11, 2017
Washington, D.C. – On May 10th, the District of Columbia Housing Finance Agency (DCHFA) issued $10,200,000 (short and long term tax exempt obligations) in bond financing to rehabilitate and increase the number of affordable housing units at SOME’s Spring Road Project (1433 and 1435 Spring Road, Northwest).
DCHFA Finances a Fourth Project at The Yards
April 07, 2017
The Agency’s investment expands affordable housing in one of D.C.’s trendiest neighborhoods
DHCD Announces DCHFA as New HPAP Co-Administrator
March 02, 2017
(Washington, DC) The DC Department of Housing and Community Development (DHCD) is pleased to announce that on March 1 the DC Housing Finance Agency (DCHFA) began operations as co-administrator of the Home Purchase Assistance Program (HPAP).
DCHFA Finances Second Affordable Apartment Complex in Ward 8 in 2017
February 14, 2017
Washington, D.C. – On February 10th the District of Columbia Housing Finance Agency (DCHFA) funded its second development in Ward 8 in 2017 with the financing of South Capitol Multifamily (4001 South Capitol Street Southwest).
DCHFA Finances Two Affordable Development Projects in Wards 7 and 8
January 18, 2017
The Agency’s investments will fund the building and preservation of homes in Historic Anacostia and Benning Ridge neighborhoods.
DC Open Doors Funds $200 Million in Mortgage Assistance Loans
November 08, 2016
DCHFA Down Payment/Closing Cost Assistance Program Aids 689 Homeowners in D.C.
DCHFA Funds its First Development Project of FY 2017 in Deanwood
October 27, 2016
Washington, D.C. – Today the District of Columbia Housing Finance Agency issued $6.10 million in long term and $10.73 million in short term DCHFA tax exempt obligations in acquisition and construction financing to build Deanwood Hills Apartments (5201 Hayes Street Northeast) in Ward 7’s Deanwood neighborhood.
DCHFA Makes Key Appointment and Rebrands Public Finance Division
October 12, 2016
Washington, D.C. – Today the District of Columbia Housing Finance Agency issued $6.10 million in long term and $10.73 million in short term DCHFA tax exempt obligations in acquisition and construction financing to build Deanwood Hills Apartments (5201 Hayes Street Northeast) in Ward 7’s Deanwood neighborhood.
DCHFA Closes Fiscal Year 2016 by Financing Affordable Housing Developments in Wards 7 and 8
September 30, 2016
Agency funds 14 transactions and 2,090 affordable units in the District of Columbia.
Todd A. Lee, Confirmed to Lead the DC Housing Finance Agency
September 20, 2016
Today, the Council of the District of Columbia voted to confirm Todd A. Lee as the Executive Director of the District of Columbia Housing Finance Agency (DCHFA).
DCHFA Finances Affordable Housing in Brightwood and Barry Farm
September 19, 2016
Agency funds the redevelopment of the historic Emory United Methodist Church site and Parkchester Apartments in a Single Week
DCHFA Names Yvette Downs, Chief Financial Officer
August 24, 2016
Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) has a new Chief Financial Officer (CFO), Yvette Downs.
DCHFA Preserves and Revitalizes Affordable Housing in Brightwood
July 25, 2016
Agency funds second development project in July
DCHFA’s Board of Directors Seats Two New Members
July 20, 2016
The Agency’s oversight body welcomes new member and a former member returns
Affordable Housing Comes to U Street with the Funding of Portner Flats
July 11, 2016
On July 7th, the District of Columbia Housing Finance Agency (DCHFA) closed on the financing of an affordable housing development in one the District’s most sought after neighborhoods, the U Street Corridor.
DCHFA Relaunches HomeSaver Foreclosure Prevention Program
June 28, 2016
Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) is closing out Homeownership Month by reopening the HomeSaver Phase I mortgage assistance program.
DCHFA Launches Mortgage Credit Certificates Program
June 20, 2016
Today DC Open Doors, a single family mortgage program of the District of Columbia Housing Finance Agency (DCHFA), introduces Mortgage Credit Certificates (MCCs) in DC.
DCHFA Invests in Ward 5 with the Funding of Langdon Apartments
May 02, 2016
The District of Columbia Housing Finance Agency (DCHFA) closes the month by financing the construction of a second new development in April
U.S. Department of Treasury awards DCHFA $3,123,331 in Final Hardest Hit Fund Allocation
April 25, 2016
Funding Infusion Reignites Agency’s HomeSaver Foreclosure Prevention Program
DCHFA’s Board of Directors Appoints New Agency Leader
April 08, 2016
Housing and Real Estate Industry Veteran Todd A. Lee Named Acting Executive Director
DCHFA, Golden Rule, Mission First Housing and Henson Development Bring Intergenerational Housing to Mount Vernon Triangle
April 01, 2016
The District of Columbia Housing Finance Agency (DCHFA) closes its second development within in a week by lending tax exempt note proceeds to finance a portion of the debt required to acquire and construct Plaza West, which is located at the intersection of 307 K Street NW and 1035 4th Street NW.
DCHFA Partners with N Street Village to Expand Housing for Homeless Women in the District
March 28, 2016
On March 25, 2016, the District of Columbia Housing Finance Agency (DCHFA) closed a tax exempt bond transaction that supports Mayor Muriel Bowser’s goal “to make homelessness, rare, brief and non-recurring by 2020” by providing a portion of the $17.5 million cost to rehabilitate N Street Village (NSV).
DCHFA Funds Multimillion Dollar Affordable Housing Development in Congress Heights
March 01, 2016
The District of Columbia Housing Finance Agency (DCHFA) broadens its portfolio of affordable rental housing in Ward 8 by closing a transaction to provide acquisition and construction funding for Archer Park, a four story building that will be built in the 1200 block of Mississippi Avenue Southeast, Washington, D.C.
DC Opens Doors Expands Mortgage Offerings with Freddie Mac HFA Advantage Program
March 01, 2016
Today the DC Open Doors single family mortgage program adds two additional options to its portfolio with the introduction of the Freddie Mac HFA Advantage Program and Freddie Mac HFA Advantage Program with DPAL (Down Payment Assistance Loan of 3 percent).
DCHFA Closes Transaction to Build Affordable, Green, Supportive Housing in Ward 7
February 11, 2016
The Agency’s funding will bring 71 eco-friendly and economically accessible units to Northeast D.C’s Deanwood neighborhood.
DCHFA Invests in the Revitalization of Historic Anacostia
December 22, 2015
The Agency raises funds for the construction of Bowen Flats, a 100 percent affordable apartment building coming to Ward 8.
DCHFA and SOME Bring New Mixed-Use Housing Development to Benning Road
November 02, 2015
The Agency closes transaction that will fund the construction of The Conway Center, bringing affordable, permanent supportive housing units, medical services and job training to a single location in Ward 7.
DCHFA Funds First FY 2016 Development
October 21, 2015
The Agency's first transaction of FY 2016 will finance the renovation of more than 300 units, preserving affordable housing in Southeast D.C.
DCHFA Development Projects Honored with Five Housing Industry Awards
October 13, 2015
The Agency’s work in funding the development and preservation of affordable housing in the District receives local and national acclaim
Three New Members Appointed to DCHFA’s Board of Directors
August 14, 2015
Appointees bring development expertise to the Agency as it funds affordable housing across the District
DC Open Doors Celebrates Funding $100 Million in Mortgage Loans
July 07, 2015
Second Anniversary and Funding Milestone for DCHFA Down Payment Assistance Program
DHCD and Partner Agencies Release the 2014 Notice of Funding Availability
April 08, 2014
The consolidated RFP will focus on creating affordable housing opportunities throughout the District with a special charge to developers to produce permanent supportive housing units for special needs populations.
Foreclosure Prevention Program Saves Homes for Hundreds of D.C. Residents
January 15, 2014
As the District of Columbia Housing Finance Agency’s HomeSaver program winds down, DCHFA is highlighting the accomplishments of the program, which has helped residents in every ward avoid foreclosure.
DCHFA Undergoes Change in Leadership
December 04, 2013
Maria Day-Marshall named Interim Executive Director
DCHFA upgraded to ‘A’ from ‘A-’ by Standard & Poor’s
July 01, 2013
Quality of Assets, Strong Financial Performance among Reasons for Higher Rating
DC Open Doors – Your Key to the City, to Boost Affordable Homeownership in the District of Columbia
June 25, 2013
The District of Columbia Housing Finance Agency (DCHFA) officially launched its DC Open Doors program on June
DCHFA Elects New Board Chair and Seats Two New Members
March 26, 2013
New Leadership and New Members Provide Oversight for the Agency’s $1.53 Billion in Assets and Its Project Pipeline
DCHFA Announces Expansion to HomeSaver, A Foreclosure Prevention Program
February 20, 2013
Recently the DCHFA, with approval of the Treasury Department, has extended the HomeSaver program to aid underemployed persons.
DCHFA receives honors as “Best Housing Partner” at HAND Luncheon
June 15, 2012
The District of Columbia Housing Finance Agency (DCHFA) was among the award winners at the Housing Association for Non-Profit Developers (HAND) annual meeting and awards luncheon this week.
Comprehensive DC Housing Strategy Task Force is Announced
February 27, 2012
Mayor Vincent C. Gray today announced the re- formation and leadership of a task force that will help him shape a comprehensive housing strategy for the District of Columbia.
DCHFA upgraded to ‘A2’ from ‘A3’ by Moody’s
February 18, 2012
Solid financial performance, strong portfolio management and low risk profile cited as rationale for upgrade.
DC Housing Finance Agency Closes its 2nd Multi-deal Transaction Under the Obama Administration’s New Issue Bond Program
August 19, 2010
DC Housing Finance Agency Closes its 2nd Multi-deal Transaction Under the Obama Administration's New Issue Bond Program
DCHFA Welcomes Leila Batties to its Board of Directors
August 03, 2010
Leila Batties Joins Michael L. Wheet, Buwa Binitie, Jacque D. Patterson and Derek Ford to Provide Strategic and Financial Oversight for the Agency
DC Bond Program Rate Reduced
June 14, 2010
The DC Housing Finance Agency welcomes Its new Single Family Program Director and celebrates June Homeownership Month with a huge rate reduction.
The DC Housing Finance Agency Announces the Return of Its DC Bond Program!
April 28, 2010
The DC Housing Finance Agency Announces the Return of Its DC Bond Program!
District is 1st in Nation to Close Multi-Deal Transaction Under the Obama Administration’s NIBP
April 19, 2010
District is 1st in Nation to Close Multi-Deal Transaction Under the Obama Administration's NIBP
DCHFA Announces over $20 Million for Its Foreclosure Prevention Program: HomeSaver
January 19, 2010
The District of Columbia Housing Finance Agency (DCHFA) announces the availability of over $20 million in foreclosure prevention assistance for unemployed District residents struggling to pay their mortgages.
The District Awarded $193 million under Obama Administration’s New Issue Bond Program
January 12, 2010
The District Awarded $193 Million under Obama Administration's New Initiative for State and Local Housing Agencies
Media Alert – DCHFA Breakfast Symposium
June 25, 2009
DCHFA hosting breakfast symposium to discuss recently released Harvard research study on mixed income housing development in the district
DCHFA Welcomes Its Newly Reconstituted Board of Directors
May 13, 2009
Derek Ford Joins Returning Members, Michael L. Wheet, Buwa Binitie and Jacque D. Patterson to Provide Strategic and Financial Oversight for the Agency's $1.35 Billion in Assets
DC Housing Finance Agency Celebrates 30 years!
March 18, 2009
Agency Kicks Off Its Thirty Year Anniversary and Launches Its Newly Redesigned Website
DCHFA Celebrates National Homeownership Month
June 10, 2008
In Recognition of Homeownership Month, the Agency Supports a Variety of Events
DCHFA Welcomes Two Newly Confirmed Directors to Its Board
June 03, 2008
Jacque D. Patterson and Buwa Binitie Join Chairman Michael Wheet and Vice Chairman Robert Clayton Cooper to Provide Strategic and Financial Oversight for the Agency's $1.36 Billion in Assets and Its Project Pipeline
7th Annual Housing Expo Scheduled to Kickoff National Homeownership Month
June 01, 2007
Free Housing Fair Allows Residents to Lean How to "Get More; Buy in DC"
HFA Announces Winner of 6th Annual Affordable Housing Development Award of Excellence
December 04, 2006
Notable Nonprofit Housing Developer, Tenants and Local Church Form Winning Partnership
$102 Million in Single-Family Mortgage Revenue Bonds Jumpstarts the D.C. Bond Program
November 27, 2006
$50 million in lendable proceeds, Three Low-Interest Rate Options and Countrywide Home Loans Partnership Marks New Issuance
HFA Board of Directors Names New Executive Director
June 13, 2006
Board of Directors announced Harry D. Sewell as the new Executive Director of the D.C. Housing Finance Agency (HFA).