The District of Columbia Housing Finance Agency (DCHFA) issued $22.6 million in tax-exempt bonds, underwrote $17.2 million in federal and $3.6 million in DC Low Income Housing Tax Credit equity for the construction of Wagner Senior Residences.
“DCHFA is proud to invest in the future of the Skyland neighborhood by financing affordable senior housing that meets the needs of our aging residents,” said Christopher E. Donald, Executive Director and CEO of the District of Columbia Housing Finance Agency. “This development reflects our commitment to equity, dignity, and opportunity—ensuring that seniors in Ward 8 can age in place within a growing community with access to the neighborhood’s new amenities.”
Additional financing for the $47.6 million development includes a $18.9 million loan from the DC Department of Housing and Community Development’s Housing Production Trust Fund. Justice Housing and the Miller Group are the developers of Wagner Senior Residences. Located at 2419 25th St SE, the new development will consist of a five-story building with six studio, 58 one-bedroom and three two-bedroom apartments reserved for tenants ranging from 30-80% of the area median income or less.
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