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D.C. Housing Authority & POAH Secures $98.5M Construction Loan For Hillsdale Flats In Southeast D.C

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FINANCED
$98,500,000

Dc

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MultiFamily
Financed 12/23/2025
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FINANCED

D.C. Housing Authority & POAH Secures $98.5M Construction Loan For Hillsdale Flats In Southeast D.C

Sumner Road Southeast

See Similar Deals
MultiFamily
Financed 12/23/2025
the dealplayerscompscontact
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Summary

Asset Type:MultiFamily
Transaction Type:Loan

The transaction involves a development site located in Washington, DC, specifically for the construction of the 90-unit Hillsdale Flats as part of the Barry Farm-Hillsdale redevelopment. This project is being financed through a comprehensive funding package that combines various financial instruments.

Summary of transaction details:

The financing arrangement sees D.C. Housing Authority and Preservation of Affordable Housing securing $98.5 million, which encompasses tax-exempt bonds, LIHTC equity, and loans from the two lenders, J.P. Morgan Chase and Fannie Mae, dedicated to advancing this significant redevelopment initiative in Southeast D.C.

Players

District of Columbia Housing Finance Agency
District of Columbia Housing Finance Agency
LENDER
Fannie Mae
Fannie Mae
LENDER
J.P. Morgan Chase
J.P. Morgan Chase
LENDER
PH
Preservation of Affordable Housing
LANDLORD

Details

FINANCED
IMAGE: 12/23/2025 MARKET: Washington, DC ASSET TYPE: Development Site LENDER: J.P. Morgan Chase & Fannie Mae LANDLORD: D.C. Housing Finance Agency & Preservation of Affordable Housing LOAN AMOUNT: $98,500,000 LOAN TYPE: Construction NOTE: D.C. Housing Authority and POAH secured $98.5M in construction financing, including tax-exempt bonds, LIHTC equity, and loans from J.P. Morgan Chase and Fannie Mae, for the 90-unit Hillsdale Flats at the Barry Farm-Hillsdale redevelopment in Southeast D.C.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$98,500,000.00

Monthly NOI$656,666.67
Monthly Debt Service$622,587.00
Change in Cash Flow$0.00
Refinance Proceeds$0.00