Rhode Island Station
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
- Impact
- 274 housing units, including 55 affordable units
70,000 square feet of retail space - Financing
- $10.4 million NMTC allocation
- Partners
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- 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
