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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Capitol Riverfront / Capitol Quarter

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