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Howard Manor Overview Alliance for Housing Solutions

Howard Manor Overview Alliance for Housing Solutions. May 15, 2013. Who We Are. Nationally recognized for innovative redevelopment projects 26 rental communities owned and/or developed in DC, MD and VA. 26 4,300 + 9,300 + $550 M +.

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Howard Manor Overview Alliance for Housing Solutions

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  1. Howard Manor OverviewAlliance for Housing Solutions May 15, 2013

  2. Who We Are • Nationally recognized for innovative redevelopment projects • 26 rental communities owned and/or developed in DC, MD and VA 26 4,300+ 9,300+ $550 M+ Communities Units Residents Investment

  3. Howard Manor Overview • Property Location • 2001 N. Cleveland Street, Arlington VA. • Located north of Lee Highway near Rosslyn • Property Description • Built in 1958 (approx.) • 76 unit garden style apartment • 1.82 acres consisting of 3 buildings • Development Summary • 9% LIHTC • TDC- $23M ($302K/unit) • Acq- $10M ($131K/unit) • Construction Costs- $7.8M ($103K/unit)

  4. Project Timeline Substantial Completion Acquisition Construction • Acquired property in June 2011 • Development Partners • VHDA, Hudson, Capital One • Wiencek + Associates • Hamel Builders • JDC • 3 Phase Development • Building 1: Dec ‘12 • Building 2: May ‘13 • Building 3: Aug ‘13 • Scheduled for Sept ‘13

  5. Progress Photos

  6. Contact Information Christopher Everett Community Preservation and Development Corporation Real Estate Development Officer ceverett@cpdc.org 202.885.9554

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