Residents Secure $63.2M Loan For Worthington Woods Apartments Renovation

The Worthington Woods Apartments, located at 607 Worthington Forest Place in Columbus, Ohio, has secured $63.2 million in tax-exempt bonds from the District's Housing Finance Agency (DCHFA) for a planned $134 million renovation. The property is a multifamily asset consisting of 394 units. Christopher E. Donald of the DCHFA facilitated the loan.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $63,200,000
• Units: 394
• Address: 607 Worthington Forest Place
• Market: Columbus, OH

Christopher E. Donald, representing the District's Housing Finance Agency (DCHFA), played a crucial role in securing the $63.2 million tax-exempt bond loan for the renovation of the Worthington Woods Apartments in Columbus, Ohio. This substantial loan will greatly support the planned $134 million renovation project, aimed at improving the affordable housing building in Washington, D.C.