As a native Washingtonian, being able to stay in the city is a blessing.
Sakira Cook was able to purchase her home with the help of DCHFA’s Housing Investment Platform (HIP) and DC Open Doors. Cynthia Townhomes is the second project under HIP, and it consists of 15 townhomes in Ward 7’s Marshall Heights neighborhood. Through DC Open Doors, aspiring homebuyers can get the down payment assistance they need to purchase a home. Saving up for a down payment can be one of the biggest hurdles to homeownership, so helping District residents fill that gap is crucial.
The Housing Investment Platform (HIP) is a single family investment program designed to create more affordable housing throughout the District of Columbia. DCHFA partners with developers to provide affordability in exchange for a lower preferred return hurdle.
The goal of HIP is to invest in real estate transactions that produce for sale houses, condos, and townhomes for people in the 60-120% median income range.
“As a native Washingtonian, being able to stay in the city is a blessing.” – Sakira Cook