Washington, D.C.’s massive Barry Farm redevelopment has secured new financing for part of project’s second construction phase.
The District of Columbia Housing Finance Agency (DCHFA) late last month issued $61.1 million in tax-exempt bonds and underwrote $52 million in federal Low-Income Housing Tax Credit equity toward the development of The Edmonson, a four-story, 139-unit affordable housing complex in Barry Farm, a historically Black neighborhood in Southeast D.C.
Construction on the long-awaited, if somewhat controversial, redevelopment commenced in 2022 after years of delays. The project site is owned by the District of Columbia Housing Authority, and is being developed by a partnership between the agency and Preservation for Affordable Housing, a Boston-based firm specializing in low-income projects.
