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DHCD Commits $7.5 Million to Preserve Affordability for Columbia Heights Residents

Thursday, August 4, 2016
First Stage Financing for 63-unit Historic Building Continues District’s Commitment to Housing Preservation
Maycroft Apartment building image

Today the DC Department of Housing and Community Development (DHCD) announced a loan with Jubilee Housing, a faith based non-profit affordable housing developer, to preserve affordability for 63 units at the Maycroft Apartments in Ward 1. DHCD financing from the Housing Production Trust Fund (HPTF), will help fund short-term critical repairs and ensure that all units remain affordable to households earning no more than 60 percent of the Area Median Income for at least the next 40 years.