DCHFA finances 139 affordable apartments in the Second Phase of Development in Ward 8’s Barry Farm
On May 30, 2024, the District of Columbia Housing Finance Agency (DCHFA) issued $61.1 million in tax exempt bonds and underwrote $52 million in federal Low Income Housing Tax Credit equity for the construction of The Edmonson (formerly Barry Farm Building 1A). The Edmonson will consist of 139 affordable apartments, “DCHFA is proud to continue investing in the redevelopment of Barry Farm. The construction of The Edmondson will provide beautiful, healthy, and affordable homes for residents to return to,” stated Christopher E. Donald, Executive Director/CEO, DCHFA. “We eagerly anticipate investing further in the future phases of this historic neighborhood.” The Edmonson is DCHFA’s second investment in Barry Farm.
In 2022 the Agency issued $33.7 million in tax exempt bonds for the construction of The Asberry the first phase in the redevelopment of Barry Farm. The Asberry is an affordable development reserved for seniors age 55 or older and is currently under construction.
