Media Room

Press Releases

DCHFA finances first development of FY 2024 – 151 affordable senior apartments in Ward 5

December 13, 2023

Washington, D.C., Dec. 13, 2023 (GLOBE NEWSWIRE) -- On December 1, 2023, the District of Columbia Housing Finance Agency (DCHFA) closed its first affordable housing investment of FY 2024 with the issuance of $59.6 million in tax exempt bonds and underwrote $44.8 million in federal and $8.8 million in D.C. Low Income Housing Tax Credit equity for the construction of Edgewood Commons V Apartments (435 Edgewood St NE). The new Ward 5 senior community will consist of 151 apartments. “DCHFA is proud to continue its partnership with Enterprise Community Development in expanding the Edgewood Commons campus and increasing the number of affordable rental housing units in Ward 5, specifically much needed apartments for seniors,” stated Christopher E. Donald, Executive Director/CEO, DCHFA. In August 2023 the Agency invested $54.7 million in tax exempt bonds for the rehabilitation of Edgewood 611 and Edgewood Gardens Apartments both of which are components of Edgewood Commons. Financing sources for Edgewood Commons V include a $26.5 million loan from the DC Department of Housing and Community Development’s Housing Production Trust Fund.

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Marcus Ervin joins DCHFA as Senior Vice President, Multifamily Lending and Neighborhood Investments

October 12, 2023

Washington, D.C., Oct. 12, 2023 (GLOBE NEWSWIRE) -- The District of Columbia Housing Finance Agency (DCHFA) has named a new Senior Vice President of Multifamily Lending and Neighborhood Investments (MLNI), Marcus Ervin. As Senior Vice President, Ervin will oversee DCHFA’s MLNI division, serve as chief underwriter, and is responsible for developing business opportunities and managing the Agency’s predevelopment construction pipelines.

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DCHFA ends Fiscal Year 2023 with the financing of 179 affordable senior and grandfamily apartments in Ward 1

October 12, 2023

Washington, D.C., Oct. 04, 2023 (GLOBE NEWSWIRE) -- On September 28, 2023, the District of Columbia Housing Finance Agency (DCHFA) made its final affordable housing investment of FY 2023 with the issuance of $46.2 million in tax exempt bonds and underwrote $49.4 million in federal Low Income Housing Tax Credit equity for the construction of Carl F. West Estates (1370 Harvard St NW). The new Ward 1 community will consist of 179 units reserved for seniors and grandfamilies. “DCHFA is proud to add another grandfamily development to the agency’s robust investment portfolio. We are continuing to address the need for senior housing and housing with supportive services for grandparents raising their grandchildren,” stated Christopher E. Donald, Executive Director/CEO, DCHFA. “We have had a very active September of deal closings and adding more affordable housing in Ward 1 is a great way to end the fiscal year.”

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DCHFA partners with Jubilee Housing on its third affordable housing investment in September

September 29, 2023

Washington, D.C., Sept. 27, 2023 (GLOBE NEWSWIRE) -- On September 20, 2023, the District of Columbia Housing Finance Agency (DCHFA) made its third affordable housing investment of the month with the issuance of $30.5 million in tax exempt bonds and underwrote $20.1 million in federal Low Income Housing Tax Credit equity for the construction of Ontario Place (2400 Ontario Road NW) in Adams Morgan. “The work that Jubilee does is amazing. They transform what was once uninhabitable into fertile ground.” stated Christopher E. Donald, Executive Director/CEO, DCHFA at the groundbreaking of Ontario Place on September 13, 2023. Additional financing for Ontario Place is being provided by the DC Department of Housing and Community Development in the form of $23.8 million loan from the Housing Production Trust Fund.

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DCHFA finances the rehabilitation of 394 affordable apartments in Ward 8

June 29, 2023

Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) issued $63.2 million in tax
exempt bonds for the substantial rehabilitation of Worthington Woods Apartments on June 23, 2023. The
Agency underwrote $45.5 million in federal and $9.1 million in D.C. Low Income Housing Tax Credit equity for
the preservation of Worthington Woods’ 394 affordable apartments located in the Washington Highlands
neighborhood of Ward 8.

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DCHFA Finances 93 New Affordable Senior Apartments in Fort Totten

June 1, 2023

Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) has issued $30.6 million in tax
exempt bonds for the construction of Fort Totten Senior Apartments in Ward 4 on May 24, 2023. The Agency
underwrote $20.2 million in federal and $3.6 million in D.C. Low Income Housing Tax Credit equity for the
development of this 100 percent affordable community, reserved for seniors age 62 and older.

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DC Housing Finance Agency Launches Investor Relations Website

May 22, 2023

In partnership with BondLink, DCHFA launched a new, free transparency website, DCHFABonds.com, that will more effectively inform investors about its bond programs.
The publicly-available resource will centralize the valuable data and documents that detail the credit features of the DC Housing Finance Agency's public financing programs.

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DCHFA upgraded to ‘AA-’ from ‘A+’ by Standard & Poor’s

May 10, 2023

Washington, D.C. – The District of Columbia Housing Finance Agency’s (DCHFA) credit rating was upgraded by Standard & Poor’s (S&P) on April 21, 2023 from A+ to AA-. As DCHFA continuously strives to increase the
supply of affordable housing in the District of Columbia, this upgrade shows the Agency is showing consistent financial results year over year.

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DCHFA finances the construction of 86 new affordable apartments in Garfield Heights

March 22, 2023

Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) has issued $23.1 million in tax exempt bonds for the construction of Alabama Avenue Apartments in Ward 8. The Agency underwrote $22 million in federal and local Low Income Housing Tax Credit equity for the development of this 100 percent affordable community.

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DCHFA commits to preserving affordable housing at the Villages of East River

March 7, 2023

Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) has financed the rehabilitation of 202 affordable apartments at scattered sites across Wards 7 and 8. DCHFA issued $43.1 million in tax exempt bonds for the acquisition and rehabilitation of this 16-building community formerly known as WDC 1 which spans Anacostia, Marshall Heights and Fort Dupont on February 27, 2023. The Agency also underwrote $33.4 million in federal Low Income Housing Tax Credit (LIHTC) equity and $6.4 million in D.C. LIHTC equity to finance this redevelopment.

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The Faircliff affordable housing project in Columbia Heights Neighborhood of Washington, DC has begun Construction

January 20, 2023

Washington, D.C. (January 11, 2023) – Somerset Development Company, Jonathan Rose
Companies, and Housing Up announced today that construction has begun on The Faircliff, a
125-unit affordable housing project in the historic Columbia Heights neighborhood of
Washington, D.C. The all-electric building, which is among the most sustainable yet in the
District, will be built alongside Novel 14, a 197-unit market rate apartment building built by
Crescent Communities. A joint groundbreaking will be held on-site on January 18.

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DCHFA closes out 2022 by financing 218 apartments across Wards 7 & 8

December 30, 2022

Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) has financed the construction
of 3450 Eads Street and Belmont Crossing Phase I in Wards 7 and 8, respectively. 3450 Eads Street will bring
49 units to the River Terrace neighborhood and Belmont Crossing will consist of 169 units in the Washington
Highlands neighborhood.

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DCHFA funds 142-unit affordable community in Ward 1’s Park View neighborhood

December 9, 2022

Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) issued $51.2 million in tax
exempt bonds and underwrote $31.5 million in federal Low Income Housing Tax Credit (LIHTC) equity for the
construction of Park Morton Phase I on November 17, 2022. A part of the Deputy Mayor for Planning and
Economic Development New Communities Initiative, this project will help revitalize this transit-oriented, amenity￾
rich neighborhood and provide 40 public housing replacement units.

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DCHFA funds market-rate to affordable housing rehabilitation at Ridgecrest Village

September 28, 2022

Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) has financed the rehabilitation
of Ridgecrest Village Phase I in Ward 8’s Shipley Terrace neighborhood. The Agency issued $21.9 million in tax
exempt bonds and underwrote $16.83 million in D.C. and federal Low Income Housing Tax Credit (LIHTC) equity.
Phase I of the project will consist of remodeling 13 existing buildings on the property originally constructed in
1951

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DCHFA’s investment in The Paxton brings 148 affordable units to Ward 7

September 6, 2022

Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) financed the construction of The Paxton, 148 affordable apartments in Ward 7. The Agency issued $46.92 million in tax exempt bonds and underwrote $42.02 million in D.C. and federal Low Income Housing Tax Credit (LIHTC) equity for this new construction project. All units at this property will be reserved for residents earning 50 percent or less of the area median income (AMI).

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DCHFA finances construction of 108 senior apartments on historic Barry Farm’s site

August 26, 2022

Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) has issued $33.7 million in tax
exempt bonds for the construction of 108 apartments in Ward 8’s Barry Farm neighborhood. All units at this
mixed-income development recently named The Asberry will be reserved for seniors age 55 or older.

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DCHFA kicks off August by financing 130 new affordable apartment homes in Ward 8

August 8, 2022

Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) has closed on the financing of
Terrace Manor, 130 newly constructed apartment homes in Ward 8’s Randle Heights neighborhood. The
community will be 100 percent affordable, with all units reserved for residents earning 60 percent or less of the
area median income (AMI).

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DCHFA’s Investment Expands Affordable Housing in Ward 4

July 11, 2022

Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) closed out the month of June by financing the construction of Shepherd Park Apartments. On June 30, 2022 DCHFA issued $16.3 million in
tax exempt bonds and underwrote $1.8 million in Low Income Housing Tax Credits for the construction of 66 new affordable apartments at 7428 Georgia Avenue NW in Ward 4.

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DCHFA celebrates Homeownership Month with the return of the Mortgage Credit Certificate

June 13, 2022

Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) has relaunched the Mortgage Credit Certificate (MCC) program. The Agency originally launched the MCC in 2016, and it was widely popular among D.C. homebuyers. DCHFA is thrilled to be able to provide aspiring homeowners with this resource again.

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Mayor Bowser Breaks Ground on DC’s First “Our RFP” Affordable Housing Project Located in Ward 2

March 1, 2022

Washington, DC – Today, Mayor Muriel Bowser, the District of Columbia Housing Finance Agency (DCHFA), District leaders, and community members broke ground on Parcel 42, DC’s first “Our RFP” project, a mixed-use and 98% affordable apartment building with 110-units and ground floor retail space located at 7th Street NW and Rhode Island Avenue in Ward 2.

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Wendi Redfern-Curtis Joins DCHFA as Senior Vice President of Single Family Programs

February 23, 2022

The District of Columbia Housing Finance Agency (DCHFA) has named a new Senior Vice President of Single Family Programs, Wendi Redfern-Curtis.

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DCHFA Finances the Agency’s First Affordable Housing Development of 2022

January 11, 2022

The District of Columbia Housing Finance Agency (DCHFA) has started the new year by financing the rehabilitation of Cascade Park Apartments.

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DCHFA Funds First Development of Fiscal Year 2022

October 14, 2021

The District of Columbia Housing Finance Agency (DCHFA) has financed its first development of Fiscal Year 2022, SOME (So Others Might Eat) North Capitol.

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DCHFA Closes Out Fiscal Year 2021 By Financing Affordable Housing in Wards 6 and 8

October 8, 2021

The District of Columbia Housing Finance Agency (DCHFA) has closed out Fiscal Year 2021 by issuing more than $53 million in tax exempt bonds for the construction of 182 affordable apartment homes.

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DCHFA Cuts the Ribbon at The Douglass: A Todd A. Lee Townhome Community in Ward 8

October 1, 2021

The District of Columbia Housing Finance Agency (DCHFA) and H2 Development have cut the ribbon on eight affordable single-family townhomes in Ward 8’s Anacostia neighborhood.

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DCHFA names Nikol Nabors-Jackson Chief of Staff

September 29, 2021

The District of Columbia Housing Finance Agency (DCHFA) has a new Chief of Staff, Nikol Nabors-Jackson, a human services and affordable housing professional with more than 20 years of government and non-profit experience.

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DCHFA Finances 41 New Affordable Apartments in Congress Heights

August 12, 2021

On August 6, the District of Columbia Housing Finance Agency (DCHFA) issued $10.3 million in tax-exempt bond financing and underwrote $8.9 million in four percent Low-Income Housing Tax Credits for the construction of 41 new affordable rental homes at 17 Mississippi Avenue Apartments.

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Christopher E. Donald, Sworn-in as Executive Director/CEO at DCHFA

March 18, 2021

On March 17, Christopher E. Donald was sworn-in as the Executive Director/CEO of the District of Columbia Housing Finance Agency (DCHFA).

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DCHFA Relaunches the HomeSaver Foreclosure Prevention Program

February 16, 2021

In an effort to further support District residents during the coronavirus pandemic, the District of Columbia Housing Finance Agency (DCHFA) is reopening the HomeSaver foreclosure prevention program.

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Mayor Bowser Distributes $13 Million from Rental Assistance Programs to Housing Providers and Announces Additional Resources for Tenants

February 9, 2021

Today, Mayor Muriel Bowser announced that the District has expended $13 million in federal funding for two rental assistance programs developed by the Department of Housing and Community Development (DHCD) and the DC Housing Finance Agency (DCHFA).

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DCHFA Finances First Development of 2021 in Anacostia

January 28, 2021

The District of Columbia Housing Finance Agency (DCHFA) has funded its first development of the new year with the issuance of $27 million in tax-exempt bond financing and the underwriting of $20.6 million in four percent low income housing tax credits (LIHTC) for the construction of a new affordable rental development at 2442 Martin Luther King (MLK) Ave SE.

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DCHFA Preserves Affordable Housing in Logan Circle

December 30, 2020

The District of Columbia Housing Finance Agency (DCHFA) is ending the year by issuing $17.7 million in tax-exempt bond financing and underwriting $7.7 million in four percent low-income housing tax credits (LIHTC) for the preservation of 42 affordable units at Ritch Homes Apartments.

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DCHFA Finances New Affordable Development in Takoma

December 28, 2020

During the holiday season the District of Columbia Housing Finance Agency (DCHFA) continued to finance affordable housing throughout the District

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DCHFA Finances the Redevelopment of Sursum Corda in NoMa

December 15, 2020

The District of Columbia Housing Finance Agency (DCHFA) is funding another transformational development in NoMa.

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Mayor Bowser Announces $10 Million in Housing Stabilization Grants

December 1, 2020

Today, Mayor Muriel Bowser announced a new $10 million investment in Housing Stabilization Grants to provide support for the District’s portfolio of affordable and small housing providers.

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DCHFA Finances Affordable Housing Development in NoMa

October 19, 2020

Within a week the District of Columbia Housing Finance Agency (DCHFA) has closed on its second transaction of Fiscal Year 2021 by funding the construction of 220 new affordable apartments at Northwest One. On October 16, DCHFA issued $29.9 million in tax-exempt bond financing and underwrote $17.4 million in four percent low income housing tax credit (LIHTC) for the first phase of the Northwest One located in Ward 6’s NoMa neighborhood.

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DCHFA Finances First Development of FY 2021 in Ward 8

October 14, 2020

The new fiscal year has begun and the District of Columbia Housing Finance Agency (DCHFA) has closed its first deal of FY 2021, by funding the redevelopment of Savannah Apartments.

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DCHFA Finances Mixed-Income Development for Families in Petworth

September 17, 2020

Within two weeks of its last deal closing, the District of Columbia Housing Finance Agency (DCHFA) has financed a second development.

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Lakeview Loan Servicing Partners with District of Columbia Housing Finance Agency (DCHFA)

September 14, 2020

Lakeview Loan Servicing is pleased to announce a new partnership with the District of Columbia Housing Finance Agency (DCHFA). On September 1, 2020, Lakeview became the new Master Servicer for DCHFA’s DC Open Doors and DC4ME programs.

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DCHFA Funds the Construction of a Second Assisted Living Community -The Residences at Kenilworth Park in Ward 7

August 31, 2020

The District of Columbia Housing Finance Agency (DCHFA) is financing the construction of Ward 7’s first assisted living community, The Residences at Kenilworth Park. On August 28, DCHFA issued $58 million in bond financing and underwrote $20 million in four percent low income housing tax credit (LIHTC) for this 157 apartment development.

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DCHFA Funds the Rehabilitation of 358 Apartments in Washington Highlands

June 22, 2020

On June 18, the District of Columbia Housing Finance Agency (DCHFA) issued $41.7
million in tax exempt bonds and underwrote $25.3 million in four percent low income housing tax credit (LIHTC)
equity for the acquisition and rehabilitation of Park Southern Apartments in Washington Highlands (Ward 8).

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A Statement on Injustice

June 4, 2020

Black bodies as a canvas for violence is not a novel form of oppression. Violence against black people is in fact as American as apple pie. Remember Emmett Till like a strange fruit hanging from a poplar tree.

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DCHFA Finances Affordable Housing in Wards 2 and 4

April 27, 2020

The District of Columbia Housing Finance Agency (DCHFA) is partnering with SOME (So Other Might Eat) by financing affordable housing in Wards 2 and 4.

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DCHFA Finances the Preservation of 588 Affordable Apartments in Ward 8

April 2, 2020

The District of Columbia Housing Finance Agency (DCHFA) closes out the month of March by funding two transactions, the rehabilitation and preservation of Skyline Apartments and Woodberry Village Apartments.

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What’s Open in DC Government -COVID-19

March 19, 2020

(Washington, DC) While the District of Columbia Government will begin to modify its operations starting Monday, March 16, in order to mitigate the spread of the coronavirus (COVID-19), the District government wants residents to know that it will continue to deliver essential services and keep the majority of its systems and services operating.

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DCHFA Finances Third Affordable Apartment Community of the Month in Ward 7’s Deanwood

February 21, 2020

The District of Columbia Housing Finance Agency (DCHFA) completes its third transaction of February by financing the construction of 1100 Eastern Avenue Apartments, 63 affordable apartments in Ward 7.

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DHCFA Finances Affordable Senior Community Named After Todd A. Lee

February 18, 2020

The DC Housing Finance Agency is financing the construction of a new community for seniors age 55 or older in Ward 4, the Todd A. Lee Senior Residences at Kennedy Street.

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DCHFA Finances Scattered Site Development in Wards 5 and 8

February 3, 2020

The District of Columbia Housing Finance Agency (DCHFA) is financing the rehabilitation of two properties, Hanover Courts and Tivoli Gardens, with the issuance of $16.9 million in tax exempt bonds.

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DCHFA Names Steve Clinton, Chief Financial Officer

January 27, 2020

Washington, D.C. – The District of Columbia Housing Finance Agency has a new Chief Financial Officer (CFO), Steve Clinton. Clinton is a Chartered Financial Analyst with more than 30 years of experience in the U.S.housing finance and policy sector.

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Ragan Communications Will Honor the Employee Communications Awards Finalists at the Employee Communications Awards Luncheon in New York City

January 23, 2020

Ragan Communications has announced the finalists of its 2019 Employee Communications Awards program. Ragan will honor this elite group of organizations, agencies and nonprofits during an awards luncheon on Feb. 28, 2020, at the Grand Hyatt in New York City. These finalists represent the best internal communicators and organizations in the industry.

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Christopher E. Donald, Appointed Interim Executive Director at DCHFA

January 15, 2020

The Board of Directors of the District of Columbia Housing Finance Agency (DCHFA) has appointed Christopher E. Donald to the position of Interim Executive Director following the untimely death of DCHFA Executive Director and CEO Todd A. Lee on January 1.

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DCHFA Begins 2020 by Financing the Preservation of Anacostia Gardens

January 9, 2020

Washington, D.C. – On January 7 the District of Columbia Housing Finance Agency (DCHFA) funded its first transaction of the decade, the preservation of Anacostia Gardens Apartments. DCHFA issued $13.8 million in acquisition and rehabilitation financing and underwrote $8 million in low income housing tax credit equity for this 100 affordable apartment property in Ward 7.

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DCHFA Mourns Executive Director & CEO, Todd A. LEE

January 3, 2020

Washington, D.C. – It is with great sadness that we announce that Todd A. Lee, Executive Director and CEO of the DC Housing Finance Agency (DCHFA), died yesterday. The entire DCHFA staff mourns this loss, and our thoughts and sympathies go out to the Lee family during this trying time.

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DCHFA Funds First Development of FY 2020 Bringing 76 New Affordable Apartments to Southwest, D.C.

November 25, 2019

On November 21, the District of Columbia Housing Finance Agency (DCHFA) funds its first transaction of Fiscal Year 2020, 1550 First Street. DCHFA issued $21.6 million in bond financing and underwrote $14.3 million in low income housing tax credit equity for the construction of 76 affordable apartments in Ward 6.

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DCHFA’s Board of Directors Seats New Member, Heather Howard

November 19, 2019

Washington, D.C. – Commercial real estate industry expert Heather Howard is now a member of the DC Housing Finance Agency’s (DCHFA) Board of Directors. On November 18th Howard was sworn-in by Mayor Muriel Bowser. The Council of the District of Columbia confirmed Howard’s nomination to the Board on October 7, 2019.

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DCHFA Ends FY 2019 Preserving Affordable Housing through its Risk Share Program

September 30, 2019

The District of Columbia Housing Finance Agency (DCHFA) closes Fiscal Year 2019 by funding the preservation of 195 affordable apartments through the Agency’s HUD Level I Risk Share program. On September 27, DCHFA issued $25 million in bond financing and underwrote $15.3 million in low income housing tax credit equity for the rehabilitation of Randle Hill Apartments in the Congress Heights neighborhood of Ward 8.

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DCHFA Invests in Ward 7 with Funding of The Solstice II

September 4, 2019

Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) ended the month of August by funding a third development in Ward 7. On August 29, DCHFA issued $18.6 million in bond financing and underwrote $12.5 million in low income housing tax credit equity for the construction of The Solstice II (3500 East Capitol Street NE Apartments).

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DCHFA Finances Its Second Deanwood Affordable Rental Community of the Summer

August 23, 2019

The District of Columbia Housing Finance Agency (DCHFA) finances a second affordable development within a month in Ward 7’s Deanwood community. On August 22, DCHFA issued $19.7 million in bond financing and underwrote $13.5 million in low income housing tax credit equity forthe construction of Providence Place Apartments.

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DCHFA Finances New Affordable Rental Community in Ward 7’s Deanwood

August 2, 2019

The District of Columbia Housing Finance Agency (DCHFA) closed out the month of July with the issuance of $19.5 million in bond financing and underwrote $12 million in low income housing tax credit equity for the construction of The Strand Residences, 86 affordable apartment homes in the Deanwood neighborhood of Washington, D.C. (Ward 7

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DCHFA Finances the Construction of Assisted Living Community in Ward 8 – The Residences at Southern Avenue

June 17, 2019

Today the District of Columbia Housing Finance Agency (DCHFA) issues $50 million in bond financing for the construction of The Residences at Southern Avenue a 152 apartment assisted living community reserved for seniors age 60 and above who require assistance with two or more activities of daily living.

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DCHFA Finances the Construction of 61 New Affordable Apartments in Brookland

June 4, 2019

The District of Columbia Housing Finance Agency (DCHFA) closed out the month of May by financing the construction of 61 affordable apartment homes at 1736 Rhode Island Ave NE in Brookland.

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DCHFA Kicks-off Homeownership Month with the Lender’s Fair and Homebuyer Incentives

May 31, 2019

June is National Homeownership Month and the District of Columbia Housing Finance Agency (DCHFA) is launching into the celebration on June 1st by hosting the Lender’s Fair.

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DCHFA’s Risk Share Program Finances the Preservation and Construction of Affordable Apartments in Petworth

April 9, 2019

The District of Columbia Housing Finance Agency (DCHFA) finances its first transaction in April with the issuance of $12.5 million in bond financing to rehabilitate Petworth Station Apartments and build additional apartment homes at this complex.

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DCHFA Closes March by Financing 121 New Apartments in Anacostia

April 3, 2019

On March 29th the District of Columbia Housing Finance Agency (DCHFA) issued $23 million in bond financing for the construction of Stanton Square Apartments, 121 new apartment homes in Anacostia (Ward 8).

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District of Columbia Building Industry Association To Host Annual Achievement Awards Dinner

March 29, 2019

On May 9th, 2019, the District of Columbia Building Industry Association (DCBIA) will host its annual Achievement Awards Dinner. Recipients this year of Annual Achievement Awards include Todd A. Lee, Executive Director & CEO District of Columbia Housing Finance Agency (Government Sector Award), The Team of the Entertainment and Sports Arena at St. Elizabeths East (Community Impact Award), and Brookfield Properties (Developer of the Year).

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DCHFA Launches Reverse Mortgage Insurance & Tax Payment Program to Aid District Homeowners

March 13, 2019

As more Washington, D.C. residents fall behind on taxes and insurance costs associated with their reverse mortgage loans, the District of Columbia Housing Finance Agency (DCHFA) launches the $500,000 Reverse Mortgage Insurance & Tax Payment Program (ReMIT). The program will provide financial assistance to qualified District homeowners for delinquent property taxes, homeowner’s insurance, and qualifying property related expenses that put the homeowner at risk of foreclosure.

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DCHFA Names Monte J. Stanford, Chief Operating Officer

March 5, 2019

The District of Columbia Housing Finance Agency (DCHFA) has appointed Monte J. Stanford as the Chief Operating Officer (COO). As COO, Stanford will oversee daily business operations, to include the Single Family Programs and Multifamily Lending and Neighborhood Investments divisions, the Housing Investment Platform, IT and Business Intelligence.

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Mayor Bowser and DC Housing Finance Agency Announce New Mortgage Assistance Program for Furloughed Federal Employees

January 23, 2019

Today, as the partial federal government shutdown extends into its second month, Mayor Bowser and the DC Housing Finance Agency (DCHFA) have announced a new program to provide mortgage assistance to District homeowners who are furloughed federal government employees.

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New Affordable Housing Community Set to Begin Construction in Washington, DC’s Ward 8

January 16, 2019

City officials will join The Michaels Organization, Emmanuel Baptist Church and Ainger Place Development Corporation for a Ceremonial Groundbreaking Thursday, January 17.

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DCHFA Funds Affordable Senior Housing in Ward 6

December 19, 2018

The holiday season has not slowed the funding of developments by the District of Columbia Housing Finance Agency (DCHFA). On December 14th, DCHFA issued $12 million in bond financing for the construction of 555 E Street Senior Apartments and underwrote $7.21 million in four percent low income housing tax credits (LIHTC) for 555 E Street Senior Apartments (Ward 6).

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DCHFA Closes the Month by Funding Two Developments on the Final Day of November

December 6, 2018

Washington, D.C. - The District of Columbia Housing Finance Agency (DCHFA) closed out the month of November with the funding of $23.6 million in financing to create and preserve 138 units of affordable housing in the District.

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DCHFA Opens Fiscal Year 2019 with Multimillion Funding Week of Affordable Housing

October 31, 2018

Washington, D.C. - The District of Columbia Housing Finance Agency (DCHFA) kicked off Fiscal Year 2019 with the closing of $144 million in financing to create and preserve 484 units of affordable housing in the District.

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DCHFA Closes Fiscal Year 2018 by Funding Affordable New Construction and Preservation Developments in Wards 5 and 6

October 2, 2018

Washington D.C. – On September 28 the District of Columbia Housing Finance Agency (DCHFA) issued more than $74 million dollars in tax exempt bonds through a public offering to finance the construction and preservation of two affordable housing communities in Washington, D.C.

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DCHFA Breaks Ground at Cynthia Townhomes

September 26, 2018

The agency celebrates #RoottoRoofs Housing Week with the start of construction of 15 new homes in Marshall Heights.

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DCHFA Closes Homeownership Month with Launch of a New Mission, Statement of Values, Logo and Website

June 26, 2018

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DCHFA Celebrates Homeownership Month with Program Enhancements

June 6, 2018

The Agency announces key program changes and launches new event during the June Housing Bloom.

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DCHFA Finances Affordable Housing for Veterans at Walter Reed

May 1, 2018

Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) closed on its third affordable housing transaction during the month of April with the issuance of $9,541,577 in acquisition and rehabilitation financing for HELP Walter Reed Apartments (1324 Main Drive NW) in Ward 4.

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DCHFA Preserves Affordable Housing in Brookland

April 24, 2018

Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) issued $10.1 million in acquisition and rehabilitation financing for Brookland Place Apartments (617 Hamlin Street, Northeast). DCHFA’s investment will preserve 80 units of affordable housing in Ward 5.

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DCHFA Finances a Fifth Project at The Yards

April 13, 2018

The Agency’s investment will add 53 affordable apartments to one of D.C.’s fastest developing neighborhoods

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DCHFA Names Michael Hentrel, General Counsel

April 11, 2018

Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) has appointed a new General Counsel, Michael Hentrel. In April, Hentrel’s tenure began at DCHFA where is the agency’s lead attorney reporting to DCHFA’s Executive Director/CEO Todd A. Lee.

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DCHFA Closes First HUD Level I 50/50 Risk Share Transaction by Financing the Preservation of 176 Affordable Units in Ward 8

February 28, 2018

Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) closed on its first U.S. Department of Housing and Urban Development (HUD) Level I 50/50 Risk Share 542 (c) loan to finance the preservation of 176 affordable units at Woodmont Crossing Apartments (2327 Good Hope Road Southeast).

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District Agencies Announce Progress to Transform Parkway Overlook Community

February 14, 2018

Financing secured to preserve 220 affordable housing units of mostly two and three bedrooms in Ward 8

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DCHFA Finances New Affordable Senior Housing and Preserves Affordable Units in Wards 5 and 8

January 17, 2018

The Agency closes two deals on same day funding 159 apartments.

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DCHFA Financing Preserves Affordable Housing in Chinatown

December 22, 2017

Washington, D.C. – On December 21, the District of Columbia Housing Finance Agency (DCHFA) issued $39 million in bond financing for the preservation of Wah Luck House Apartments (800 6th Street NW).

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DCHFA Financing Preserves Affordable Housing in Chinatown

December 22, 2017

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Thanksgiving Dinner at the DC Housing Finance Agency

November 14, 2017

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DCHFA Financing Brings The Solstice to Northeast, D.C.

November 3, 2017

Washington, D.C. – On November 2, the District of Columbia Housing Finance Agency (DCHFA) financed its first development of Fiscal Year 2018 with the issuance of $21.5 million ($10.6 million long term, $10.9 million short term) in DCHFA tax exempt bonds to fund the construction of The Solstice (3534 East Capitol NE, Washington, D.C.).

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DCHFA Launches the Housing Investment Platform with the Groundbreaking of Elvans Road Townhomes

August 2, 2017

The Agency partners with H2DesignBuild and City First Bank to construct new affordable homes in Ward 8

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Media Advisory: DCHFA launches the Housing Investment Platform with the Groundbreaking of Elvans Road Townhomes

July 24, 2017

The District of Columbia Housing Finance Agency launches the Housing Investment Platform with the Groundbreaking of Elvans Road Townhomes.

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DCHFA Introduces Multi-Family Online Application

July 18, 2017

Washington, D.C. – Today the District of Columbia Housing Finance Agency (DCHFA) takes its multifamily financing process completely online with the launch of the new Multi-Family Lending Application.

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DCHFA Closes First HPAP Loan for Home Purchase Assistance

June 19, 2017

Ward 7 residents are first to benefit from innovative program

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DCHFA Partners with Jubilee Housing to Preserve and Expand Affordable Housing in Columbia Heights

June 16, 2017

Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) is investing in affordable housing in Columbia Heights for the second time this spring with the issuance of $15,840,000 in bond financing for the rehabilitation and construction of the Maycroft Apartments (1474 Columbia Road N.W., Washington, DC) on June 14.

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DCHFA Celebrates Homeownership Month with New Incentives for D.C. Home Buyers

June 6, 2017

The Agency launches Closing Cost Grants Giveaway and makes key program changes.

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DCHFA Partners with SOME to Expand Affordable Housing in Columbia Heights

May 11, 2017

Washington, D.C. – On May 10th, the District of Columbia Housing Finance Agency (DCHFA) issued $10,200,000 (short and long term tax exempt obligations) in bond financing to rehabilitate and increase the number of affordable housing units at SOME’s Spring Road Project (1433 and 1435 Spring Road, Northwest).

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DCHFA Finances a Fourth Project at The Yards

April 7, 2017

The Agency’s investment expands affordable housing in one of D.C.’s trendiest neighborhoods

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DHCD Announces DCHFA as New HPAP Co-Administrator

March 2, 2017

(Washington, DC) The DC Department of Housing and Community Development (DHCD) is pleased to announce that on March 1 the DC Housing Finance Agency (DCHFA) began operations as co-administrator of the Home Purchase Assistance Program (HPAP).

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DCHFA Finances Second Affordable Apartment Complex in Ward 8 in 2017

February 14, 2017

Washington, D.C. – On February 10th the District of Columbia Housing Finance Agency (DCHFA) funded its second development in Ward 8 in 2017 with the financing of South Capitol Multifamily (4001 South Capitol Street Southwest).

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DCHFA Finances Two Affordable Development Projects in Wards 7 and 8

January 18, 2017

The Agency’s investments will fund the building and preservation of homes in Historic Anacostia and Benning Ridge neighborhoods.

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DC Open Doors Funds $200 Million in Mortgage Assistance Loans

November 8, 2016

DCHFA Down Payment/Closing Cost Assistance Program Aids 689 Homeowners in D.C.

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DCHFA Funds its First Development Project of FY 2017 in Deanwood

October 27, 2016

Washington, D.C. – Today the District of Columbia Housing Finance Agency issued $6.10 million in long term and $10.73 million in short term DCHFA tax exempt obligations in acquisition and construction financing to build Deanwood Hills Apartments (5201 Hayes Street Northeast) in Ward 7’s Deanwood neighborhood.

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DCHFA Makes Key Appointment and Rebrands Public Finance Division

October 12, 2016

Washington, D.C. – Today the District of Columbia Housing Finance Agency issued $6.10 million in long term and $10.73 million in short term DCHFA tax exempt obligations in acquisition and construction financing to build Deanwood Hills Apartments (5201 Hayes Street Northeast) in Ward 7’s Deanwood neighborhood.

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DCHFA Closes Fiscal Year 2016 by Financing Affordable Housing Developments in Wards 7 and 8

September 30, 2016

Agency funds 14 transactions and 2,090 affordable units in the District of Columbia.

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Todd A. Lee, Confirmed to Lead the DC Housing Finance Agency

September 20, 2016

Today, the Council of the District of Columbia voted to confirm Todd A. Lee as the Executive Director of the District of Columbia Housing Finance Agency (DCHFA).

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DCHFA Finances Affordable Housing in Brightwood and Barry Farm

September 19, 2016

Agency funds the redevelopment of the historic Emory United Methodist Church site and Parkchester Apartments in a Single Week

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DCHFA Names Yvette Downs, Chief Financial Officer

August 24, 2016

Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) has a new Chief Financial Officer (CFO), Yvette Downs.

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DCHFA Preserves and Revitalizes Affordable Housing in Brightwood

July 25, 2016

Agency funds second development project in July

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DCHFA’s Board of Directors Seats Two New Members

July 20, 2016

The Agency’s oversight body welcomes new member and a former member returns

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Affordable Housing Comes to U Street with the Funding of Portner Flats

July 11, 2016

On July 7th, the District of Columbia Housing Finance Agency (DCHFA) closed on the financing of an affordable housing development in one the District’s most sought after neighborhoods, the U Street Corridor.

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DCHFA Relaunches HomeSaver Foreclosure Prevention Program

June 28, 2016

Washington, D.C. – The District of Columbia Housing Finance Agency (DCHFA) is closing out Homeownership Month by reopening the HomeSaver Phase I mortgage assistance program.

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DCHFA Launches Mortgage Credit Certificates Program

June 20, 2016

Today DC Open Doors, a single family mortgage program of the District of Columbia Housing Finance Agency (DCHFA), introduces Mortgage Credit Certificates (MCCs) in DC.

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DCHFA Invests in Ward 5 with the Funding of Langdon Apartments

May 2, 2016

The District of Columbia Housing Finance Agency (DCHFA) closes the month by financing the construction of a second new development in April

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U.S. Department of Treasury awards DCHFA $3,123,331 in Final Hardest Hit Fund Allocation

April 25, 2016

Funding Infusion Reignites Agency’s HomeSaver Foreclosure Prevention Program

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DCHFA’s Board of Directors Appoints New Agency Leader

April 8, 2016

Housing and Real Estate Industry Veteran Todd A. Lee Named Acting Executive Director

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DCHFA, Golden Rule, Mission First Housing and Henson Development Bring Intergenerational Housing to Mount Vernon Triangle

April 1, 2016

The District of Columbia Housing Finance Agency (DCHFA) closes its second development within in a week by lending tax exempt note proceeds to finance a portion of the debt required to acquire and construct Plaza West, which is located at the intersection of 307 K Street NW and 1035 4th Street NW.

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DCHFA Partners with N Street Village to Expand Housing for Homeless Women in the District

March 28, 2016

On March 25, 2016, the District of Columbia Housing Finance Agency (DCHFA) closed a tax exempt bond transaction that supports Mayor Muriel Bowser’s goal “to make homelessness, rare, brief and non-recurring by 2020” by providing a portion of the $17.5 million cost to rehabilitate N Street Village (NSV).

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DCHFA Funds Multimillion Dollar Affordable Housing Development in Congress Heights

March 1, 2016

The District of Columbia Housing Finance Agency (DCHFA) broadens its portfolio of affordable rental housing in Ward 8 by closing a transaction to provide acquisition and construction funding for Archer Park, a four story building that will be built in the 1200 block of Mississippi Avenue Southeast, Washington, D.C.

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DC Opens Doors Expands Mortgage Offerings with Freddie Mac HFA Advantage Program

March 1, 2016

Today the DC Open Doors single family mortgage program adds two additional options to its portfolio with the introduction of the Freddie Mac HFA Advantage Program and Freddie Mac HFA Advantage Program with DPAL (Down Payment Assistance Loan of 3 percent).

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DCHFA Closes Transaction to Build Affordable, Green, Supportive Housing in Ward 7

February 11, 2016

The Agency’s funding will bring 71 eco-friendly and economically accessible units to Northeast D.C’s Deanwood neighborhood.

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DCHFA Invests in the Revitalization of Historic Anacostia

December 22, 2015

The Agency raises funds for the construction of Bowen Flats, a 100 percent affordable apartment building coming to Ward 8.

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DCHFA and SOME Bring New Mixed-Use Housing Development to Benning Road

November 2, 2015

The Agency closes transaction that will fund the construction of The Conway Center, bringing affordable, permanent supportive housing units, medical services and job training to a single location in Ward 7.

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DCHFA Funds First FY 2016 Development

October 21, 2015

The Agency's first transaction of FY 2016 will finance the renovation of more than 300 units, preserving affordable housing in Southeast D.C.

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DCHFA Development Projects Honored with Five Housing Industry Awards

October 13, 2015

The Agency’s work in funding the development and preservation of affordable housing in the District receives local and national acclaim

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Three New Members Appointed to DCHFA’s Board of Directors

August 14, 2015

Appointees bring development expertise to the Agency as it funds affordable housing across the District

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DC Open Doors Celebrates Funding $100 Million in Mortgage Loans

July 7, 2015

Second Anniversary and Funding Milestone for DCHFA Down Payment Assistance Program

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DHCD and Partner Agencies Release the 2014 Notice of Funding Availability

April 8, 2014

The consolidated RFP will focus on creating affordable housing opportunities throughout the District with a special charge to developers to produce permanent supportive housing units for special needs populations.

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Foreclosure Prevention Program Saves Homes for Hundreds of D.C. Residents

January 15, 2014

As the District of Columbia Housing Finance Agency’s HomeSaver program winds down, DCHFA is highlighting the accomplishments of the program, which has helped residents in every ward avoid foreclosure.

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DCHFA Undergoes Change in Leadership

December 4, 2013

Maria Day-Marshall named Interim Executive Director

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DCHFA upgraded to ‘A’ from ‘A-’ by Standard & Poor’s

July 1, 2013

Quality of Assets, Strong Financial Performance among Reasons for Higher Rating

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DC Open Doors – Your Key to the City, to Boost Affordable Homeownership in the District of Columbia

June 25, 2013

The District of Columbia Housing Finance Agency (DCHFA) officially launched its DC Open Doors program on June

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DCHFA Elects New Board Chair and Seats Two New Members

March 26, 2013

New Leadership and New Members Provide Oversight for the Agency’s $1.53 Billion in Assets and Its Project Pipeline

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DCHFA Announces Expansion to HomeSaver, A Foreclosure Prevention Program

February 20, 2013

Recently the DCHFA, with approval of the Treasury Department, has extended the HomeSaver program to aid underemployed persons.

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DCHFA receives honors as “Best Housing Partner” at HAND Luncheon

June 15, 2012

The District of Columbia Housing Finance Agency (DCHFA) was among the award winners at the Housing Association for Non-Profit Developers (HAND) annual meeting and awards luncheon this week.

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Comprehensive DC Housing Strategy Task Force is Announced

February 27, 2012

Mayor Vincent C. Gray today announced the re- formation and leadership of a task force that will help him shape a comprehensive housing strategy for the District of Columbia.

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DCHFA upgraded to ‘A2’ from ‘A3’ by Moody’s

February 18, 2012

Solid financial performance, strong portfolio management and low risk profile cited as rationale for upgrade.

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DC Housing Finance Agency Closes its 2nd Multi-deal Transaction Under the Obama Administration’s New Issue Bond Program

August 19, 2010

DC Housing Finance Agency Closes its 2nd Multi-deal Transaction Under the Obama Administration's New Issue Bond Program

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DCHFA Welcomes Leila Batties to its Board of Directors

August 3, 2010

Leila Batties Joins Michael L. Wheet, Buwa Binitie, Jacque D. Patterson and Derek Ford to Provide Strategic and Financial Oversight for the Agency

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DC Bond Program Rate Reduced

June 14, 2010

The DC Housing Finance Agency welcomes Its new Single Family Program Director and celebrates June Homeownership Month with a huge rate reduction.

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The DC Housing Finance Agency Announces the Return of Its DC Bond Program!

April 28, 2010

The DC Housing Finance Agency Announces the Return of Its DC Bond Program!

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District is 1st in Nation to Close Multi-Deal Transaction Under the Obama Administration’s NIBP

April 19, 2010

District is 1st in Nation to Close Multi-Deal Transaction Under the Obama Administration's NIBP

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DCHFA Announces over $20 Million for Its Foreclosure Prevention Program: HomeSaver

January 19, 2010

The District of Columbia Housing Finance Agency (DCHFA) announces the availability of over $20 million in foreclosure prevention assistance for unemployed District residents struggling to pay their mortgages.

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The District Awarded $193 million under Obama Administration’s New Issue Bond Program

January 12, 2010

The District Awarded $193 Million under Obama Administration's New Initiative for State and Local Housing Agencies

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Media Alert – DCHFA Breakfast Symposium

June 25, 2009

DCHFA hosting breakfast symposium to discuss recently released Harvard research study on mixed income housing development in the district

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DCHFA Welcomes Its Newly Reconstituted Board of Directors

May 13, 2009

Derek Ford Joins Returning Members, Michael L. Wheet, Buwa Binitie and Jacque D. Patterson to Provide Strategic and Financial Oversight for the Agency's $1.35 Billion in Assets

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DC Housing Finance Agency Celebrates 30 years!

March 18, 2009

Agency Kicks Off Its Thirty Year Anniversary and Launches Its Newly Redesigned Website

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DCHFA Celebrates National Homeownership Month

June 10, 2008

In Recognition of Homeownership Month, the Agency Supports a Variety of Events

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DCHFA Welcomes Two Newly Confirmed Directors to Its Board

June 3, 2008

Jacque D. Patterson and Buwa Binitie Join Chairman Michael Wheet and Vice Chairman Robert Clayton Cooper to Provide Strategic and Financial Oversight for the Agency's $1.36 Billion in Assets and Its Project Pipeline

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7th Annual Housing Expo Scheduled to Kickoff National Homeownership Month

June 1, 2007

Free Housing Fair Allows Residents to Lean How to "Get More; Buy in DC"

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HFA Announces Winner of 6th Annual Affordable Housing Development Award of Excellence

December 4, 2006

Notable Nonprofit Housing Developer, Tenants and Local Church Form Winning Partnership

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$102 Million in Single-Family Mortgage Revenue Bonds Jumpstarts the D.C. Bond Program

November 27, 2006

$50 million in lendable proceeds, Three Low-Interest Rate Options and Countrywide Home Loans Partnership Marks New Issuance

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HFA Board of Directors Names New Executive Director

June 13, 2006

Board of Directors announced Harry D. Sewell as the new Executive Director of the D.C. Housing Finance Agency (HFA).

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