HPTF Financing Will Help Preserve Affordable Housing for Over 140 Residents in Wards 4 and 7
The DC Department of Housing and Community Development (DHCD) recently closed on three loans totaling more than $6.9 million that will preserve 64 units of affordable housing in Wards 4 and 7. In two cases, tenant associations exercised the Tenant Opportunity to Purchase Act (TOPA) to purchase the properties and financing was provided through the Housing Production Trust Fund (HPTF).