The project was financed using 4% tax credits. Riverside Capital served as the LIHTC Equity Investor, Pillar Financial provided the permanent financing, and DSUD contributed with the construction loan. Miles & Stockbridge provided legal services.
Type
Multi-Family
Status
Planned
Address
2412 Ainger Place SE
City
Washington
State
DC
Zipcode
20020
Construction
New Development
Start Date
2019
Expected Completion Date
2021
Number of units for rent
0
Number of units for sale
0
Number of affordable housing units
72
LEED Designation
Project Cost
0
Parking Spaces
Zoning
Hotel Rooms
0
Retail Space
0
Office Space
0
Square Footage
0
Lowest Housing Sales Price
0
Highest Housing Sales Price
0
Lowest Rent Price
0
Highest Rent Price
0
Neighborhood:
Housing Rental Price Range:
Housing Sales Price Range:
# of Residential Units in Progress:
Hotels Rooms in Progress:
Office Space in Progress:
Retail Space in Progress:
Closest Metro Station:
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Closest Grocery Store within 1 mile:
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Closest License Daycare:
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Closest Hospital/Health Clinic:
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We're working on finding the right contacts for this project.
Project Financier(s):
DC Department of Housing and Community Development
Riverside Capital
D C HOUSING FINANCE AGENCY
Pillar Capital Finance LLC
Law Firm(s):
Original Loan Amount:
$10,691,242.00
Funding Sources:
HPTF
LIHTC Amount:
$833,226.00
Loan Closing Date:
2018 4Q