Rhode Island Station

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The $107 million Rhode Island Station project in Washington, DC, is a mixed use transit-oriented project, which will include affordable and market-rate housing, retail and local services. A complex public-private financing partnership helped the project move forward in a difficult economic climate. Located in a severely economically distressed area, the project will be connected to the Metro’s “Red Line” and 14 bus routes, giving residents access to a wider range of job opportunities and bringing much-needed jobs and services to the neighborhood. The design for Rhode Island Station received the Smart Growth Recognition award for green features from the Washington Smart Growth Alliance.

Project Details

274 housing units, including 55 affordable units
70,000 square feet of retail space
$10.4 million NMTC allocation
  • A&R Development Corp.
  • AGM/Wells Fargo
  • District of Columbia – PILOT Financing, Construction Sales Tax Abatement
  • Federal Housing Administration 220 Program (HUD)
  • Mid-City Community CDE
  • Next Street Capital
  • The Pembrook Group
  • Urban Atlantic
  • US Bank Community Development Corporation

More Information
Our Transit-Oriented Development Program
Community Capital for TOD
New Markets Tax Credits