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Affordable Housing Preservation in DC Harry D. Sewell, Executive Director and CEO

Affordable Housing Preservation in DC Harry D. Sewell, Executive Director and CEO District of Columbia Housing Finance Agency. AFTER: The Overlook at Oxon Run. The Overlook at Oxon Run 316 units (1 BR and 2 BR).

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Affordable Housing Preservation in DC Harry D. Sewell, Executive Director and CEO

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  1. Affordable Housing Preservation in DC Harry D. Sewell, Executive Director and CEO District of Columbia Housing Finance Agency

  2. AFTER: The Overlook at Oxon Run

  3. The Overlook at Oxon Run316 units (1 BR and 2 BR) • Development Team: Community Preservation Development Company (CPDC) and Crawford Edgewood Managers, Inc. (CEMI) • Financing: • $73.5 million Total Development Cost • $36.8 million – tax-exempt bonds • $26.6 million – 4% LIHTC – equity retired $13 million of bonds • $21 million – DHCD loan (local trust fund) • Deferred developer fee Computer room

  4. Hubbard Place(230 units (Eff, 1BR, 2 BR) w/ground floor retail) • Developer: Somerset Development Company • Partnership with DC Dept. of Human Services • Financing • $42 million – Total Development Cost • $25.0 million – Tax-exempt bonds • $14.8 million – 4% LIHTC (equity retired $10 million of bonds • $8.5 million – DHCD loan (local trust fund) • Deferred developer’s fee Courtyard Laundry Black Lion

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