DHCD Financing Preserves and Produces Affordable Housing Units in Wards 5 and 8

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The Washington, DC Department of Housing and Community Development has closed a $15.1 million loan from the Housing Production Trust Fund that will preserve 123 affordable housing units and produce new affordable housing units in Wards 5 and 8. LIIF acquisition financing helped TM Associates purchase the Hanover Court Apartments, where eight new affordable units will be built and 74 will be preserved. Learn more in the Department of Housing’s press release.