Lifting the roof off 41 affordable housing units in Washington, DC, 17 Mississippi apartments

Speakers at the roofing ceremony for 17 MIssissippi

NHPF Executive Director Dick Burns added. “Housing is always more than just a roof over our heads, critical place-based services provide residents with pathways to more fulfilling and successful lives.”

The NHP Foundation (NHPF) lifted the roof off its 10th affordable housing development in the District today, 17 Mississippi Apartments, with a celebration at Paramount Baptist Church that included community members, District housing officials and a display of local art.

Financing for the development was provided by the District of Columbia Housing Finance Agency (DCHFA) ​​with Citi Community Capital, providing $10.3 million in tax-exempt bond financing and securing $8.8 million in tax credits. 4% Low Income Housing Trust Fund (LIHTC), purchased by WNC & Associates, Inc. DC Department of Housing and Community Development Housing Production Trust Fund provided a $9 million loan.

LIHTC’s investment was provided by CVS Health as part of its commitment to promoting health equity in underserved communities.

“To make a significant and positive impact in our communities, we are committed to addressing the social determinants of health at the local level,” said Jim Bostian, president of Mid South Market, Aetna, a CVS Health company. “Affordable housing is directly related to good health. By investing in affordable housing in the Washington, DC community, we are meeting the needs of individuals and families by providing them with resources that enable equal opportunity to live healthier lives.”

17 Mississippi Apartments will offer a mix of studio, one bedroom, and three bedroom apartment homes for families and individuals with demonstrated need. Nine of the 41 units will provide permanent supportive housing for people who are homeless or in need of mental health support.

Of the homes enriched with services, added the executive director of NHPF, Dick Burns. “Housing is always more than just a roof over our heads, critical place-based services provide residents with pathways to more fulfilling and successful lives.”

Another nine units will be given preference to income-qualified artists. As part of the project’s interest in promoting local artists, Keyonna Jones, Executive Director of the Congress Heights Arts and Culture Center, exhibited artwork from the Center and offered this about the planned development: “The arts community in the Southeast is thriving, but many of our artists are struggling to find affordable housing and space to work. 17 Mississippi will provide some exceptional opportunities.”

Representing DC Mayor Muriel Bowser, Department of Housing and Community Development Acting Director Drew Hubbard added, “We know that DC’s equitable affordable housing delivery and development goals can help expand opportunities for that all residents have access to important health and economic opportunities. This project pushes us closer to achieving those goals.”

Construction of 17 Mississippi will be completed in early 2023. To view a video of the progress of the construction of 17 Mississippi, click here.

About the NHP Foundation

Headquartered in New York City with offices in Washington, DC and Chicago, IL, the NHP Foundation (NHPF) was launched on January 30, 1989 as a 501(c)(3) not-for-profit real estate corporation with support public. . NHPF is dedicated to preserving and creating sustainable, service-enriched single-family and multi-family homes that are affordable to low- and moderate-income families and seniors, and beneficial to their communities. NHPF’s Construction Management Group provides internal resources dedicated to infrastructure review, infrastructure development and cost management. Through family-centered counseling, NHPF subsidiary Operation Pathways engages with and helps families experiencing poverty and other difficulties to solve problems together. Through partnerships with major financial institutions, the public sector, faith-based initiatives and other nonprofit organizations, NHPF has 56 properties, including nearly 10,000 units, in 16 states and the District of Columbia. For more information, visit http://www.nhpfoundation.org.

Contact:

Marianne Funess

(914) 830-3754

mfuness@nhpfoundation.org

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