WASHINGTON, DC – Concord Communities, a Washington DC-based affordable housing owner and developer has acquired Stanton Glenn, a 379-unit affordable housing community at 3048 Stanton Road, SE in Washington, DC for $39.5 million.
Concord plans to invest over $18 million in capital improvements to Stanton Glenn including upgrades to the residences, common areas and infrastructure, and will continue to accept housing vouchers. Concord Communities is a wholly owned affiliate of national.
During 2021, vaccines and booster shots paved the way for a brief return to some semblance of normalcy, however as we enter 2022 the nearly two-year global health crisis is not over. Since the end of November, the Omicron variant of COVID-19 has surged, bringing record high daily counts of infection resulting in many companies further delaying their longawaited return-to-office.