The District of Columbia Housing Finance Agency (DCHFA) has issued $61.1 million in tax-exempt bonds and underwrote $52 million in federal Low Income Housing Tax Credit equity for The Edmonson’s construction. This project, part of the Barry Farm redevelopment in DC, will offer 139 affordable apartments.
The Edmonson, the second DCHFA investment in Barry Farm, follows the 2022 issuance of $33.7 million in tax-exempt bonds for The Asberry, a senior housing development. The Edmonson is financed with a $21 million DMPED NCI loan and will include LIHTC-restricted units, replacement public housing units, and retail space. The project, developed by Preservation for Affordable Housing, Inc. and DCHA, will feature amenities like a community room, playground, fitness room, and business center, with on-site parking for tenants and customers.
