NEWS RELEASE FOR IMMEDIATE RELEASE
March 25, 2002
DHCD, El Presidente Tenant's Association Sign Loan Agreement
(Washington, DC) Victory at Last! Photo (left to right): El Presidente Tenant's Association (EPTA) President Kariem Rashid, Debra Perry, vice president, EPTA, Bob Simon, Department of Housing and Community Development contract and loan specialist, and Jackie Kathey, EPTA Board member, hold final closing documents that secure $450,000 in DHCD/CDBG low interest loan funds for acquisition of their cooperative apartment buildings at 4715/4721 Texas Avenue SE.
DHCD's mission is provide quality and affordable housing opportunities and to increase homeownership for the residents of the District of Columbia. DHCD supports housing development projects by funding acquisition, pre-development, construction, and renovation costs. |