Washington, DC, September 23, 2021 (GLOBE NEWSWIRE) –
Christopher E. Donald, Executive Director / CEO, District of Columbia Housing Finance AgencyPolly Donaldson, Director, District of Columbia Department of Housing & Community DevelopmentTrayon White, Councilmember, Ward 8 Anita Bonds, Councilmember at Large, Council of the District of Columbia Harvey Yancey, Managing Member, H2DesignBuildSonja Wells, Executive Vice President and Director of Loans City First Broadway Melissa Lee, Senior Vice President of Capital and Investments, Menkiti Group and Wife of Todd A. LeeKori Heyward, Owner of Douglass
DCHFA will cut the ribbon on its third fully completed Housing Investment Platform (HIP) project. The Douglass: A Townhouse Community by Todd A. Lee. The Douglass consists of eight townhouses reserved for residents who earn labor income (between 60 and 120 percent of the median income in the area). H2DesignBuild, the developer of the project, has also successfully delivered two other HIP projects, Elvans Road Townhomes (Ward 8) and Cynthia Townhomes (Ward 7). DCHFA established HIP as an innovative investment platform that will increase Agency support to the DC housing market outside of traditional bond and tax credit financing. The Agency joins forces with emerging developers of certified companies to build new communities. These eight townhouses are the first of many of Todd A. Lee’s townhouse communities, a tribute to former DCHFA Executive Director and CEO Todd A. Lee who passed away in early 2020.
2514 West Street Southeast Washington, DC 20020
September 24, 2021
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