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Modeling Washington D C s TOPA Program - Multi-Housing News

The NHP Foundation Closes Financing for Acquisition of Naturally Occurring Affordable Housing Community in Takoma Neighborhood

WASHINGTON, DC - NHPF, a national not-for-profit provider of quality affordable housing, announced that it has closed on the acquisition of Elm Gardens Apartments, a 3-story building with 36 apartments and parking spaces in the Takoma neighborhood of Washington, D.C. The acquisition is made possible via a $7.5M loan from the Low Income Investment Fund (LIIF) funded through the DC Preservation Fund, a joint venture between LIIF and the DC Department of Housing and Community Development (DHCD),.

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