Adrianne Todman · DCBIA Annual Meeting November 12, 2015. 2 Development Partnership • Strategic...
Transcript of Adrianne Todman · DCBIA Annual Meeting November 12, 2015. 2 Development Partnership • Strategic...
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Adrianne TodmanExecutive Director of DC Housing Authority
DCBIA Annual MeetingNovember 12, 2015
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Development Partnership
• Strategic use of creative partnerships• Leveraged federal grants• Innovative financing to spur $2 billion in
reinvestment• Ten mixed-use projects• In 2014: city’s first affordable assisted
living facility. ($5 million)
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Community Development
• DCHA leveragedfunds from sevenlarge federal grants.
• Partnered withprivate developersand to complete theredevelopment ofthese sites.
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copying the text box from this slide.
Capitol Riverfront / Capitol Quarter
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5Photos courtesy of JD Land
4th and L Southeast, 2015
Neighborhood Transformation:Capitol Quarter
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Commitment to Going Green:Sheridan Station
• The District’s first LEEDPlatinum public/privateproject. All three phasesare LEED-Platinum certified.
• $20 Million federal grantleveraging $95 million inpublic and privateresources.
• Final phase was deliveredSeptember 2015.
• A total of 327 homes, 80 ofwhich will behomeownership units.
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Pipeline: Lofts at Capitol Quarter
Capitol Quarter 882 “The Lofts”
Unit Mix: 195TDC: $54 MillionStatus:
Construction; AnticipatedMove-In December 2015 andMarch 2016
Developer:Capper CarrollsburgVenture/Capital HousingPartners (DCHA Affiliate)
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Pipeline: Barry Farm / Wade Neighborhood
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Pipeline: Kenilworth Courts/Parkside
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Pipeline: Greenleaf Neighborhood
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Pipeline: Park Morton
The Avenue
Developer:
The Community Builders /Dantes Partners
Number of Existing Units: 174
Phase I Groundbreaking:Anticipated 2018
Phase I Construction Completion:Anticipated 2020
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Pipeline: Union Square / NOMA
PROJECT STATUS■ Completed (since 2001)■ Under Construction■ Pipeline
Photo courtesy of Orthophoto (DC Government) 2013 reprinted by WDCEP
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Program: 3 Phases
DCHA HQ (42k Sq ft.)Service Center(Off Site- 24k Sq. ft.)
Residential: 969 units(up to 30% affordable)
Retail: 14,380 SF
Phase I TDC: $21 million
Construction Start: 9/2017
Pipeline: DCHA HQ in NOMA
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Pipeline: North Capitol Commons
John and Jill Ker ConwayResidences
• A 124-unit mixed income apartmentbuilding
• 60 units of permanent supportivehousing for military veterans
• 64 affordable and low-income units
• Expected completion: Winter 2015.
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DCHADCHA
DC HousingSolutions
(501(c) 3
DC HousingSolutions
(501(c) 3
DCHENew Markets Tax Credits (NMTC)
Development Non-DCHA
DCHENew Markets Tax Credits (NMTC)
Development Non-DCHA
CSAConstruction Management
for Other Government Entities &Non-Profits
CSAConstruction Management
for Other Government Entities &Non-Profits
DCHA Subsidiaries
Capital HousingPartners
DCHA Property Development Partneror Self Development
Capital HousingPartners
DCHA Property Development Partneror Self Development
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Innovative Financing Tools:FEDERAL LOCAL DCHA PRIVATE
Choice NeighborhoodsInitiative (Planning &Implementation)
CommunityDevelopment BlockGrant (CDBG)
Program Income Construction Loans
Capital Funds(Replacement HousingFactor Funds)
Capital ImprovementProgram
New Market TaxCredits (NMTC)
Permanent Debt
Rental AssistanceDemonstration (RAD)
Housing ProductionTrust Funds (HPTF)
Project BasedVouchers (HCVP)
Low-Income Housing TaxCredit Equity (LIHTC)
Federal Tax Credits –Energy Credits
Low-Income HousingTax Credits (9% - DHCD)
Annual ContributionsContract (ACC)
Federal Home Loan Bank(FHLB)
FHA Insured Mortgages HOME Funds (DHCD) Local Rent SupplementProgram (LRSP)
Green Building/EnergyConservation Grants
Low-Income HousingTax Credits (4% DCHFA)
Tax-Exempt Bonds(DCHFA)PILOT/Tax IncrementFinance (TIF) Bonds
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Project-based HCVP
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New Markets Tax Credits (Completed Projects)
Howard Theatre620 T St, NW$11.36 million
Progression Place1805 7th St, NW
$13 million
Canal Park200 M St, SE$13.5 million
Educare DC640 Anacostia Ave, NE
$12.14 million
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KIPP DC CHARTER SCHOOL
1442 Brentwood Parkway NEDeveloper: KIPP DCTDC: $50 millionCompletion: June 2016
MAYCROFT
1474 Columbia Rd, NWDeveloper: Jubilee HousingTDC: $42.7 millionCompletion: Nov 2016
Benning Road Mixed-Use Project
4430 Benning Rd, NEDeveloper: So Others Might EatTDC: $81.2 millionCompletion: June 2017
New Markets Tax Credits (Projects underway)
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DCHA Across the Community
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Thank You