D.C. Seniors Get New Apartments in Brookland
- Jul 09, 2015
At the start of the month, Mayor Muriel Bowser joined Girard Street Community Partners, a joint venture between Menkiti Group and Dantes Partners, at 1545 Girard St., N.E., to celebrate the groundbreaking for D.C.’s latest affordable apartment community for seniors.
More than 60 officials from different companies and the local government attended the ceremony. They included Polly Donaldson, director of the D.C. Department of Housing and Community Development; Adrianne Todman, executive director of the D.C. Housing Authority; Chris McGraw, senior vice president of Wells Fargo; Carisa Stanley, first vice president of Amalgamated Bank; and Holly Denniston, senior program manager of the Corporation for Supportive Housing.
The project is called Girard Street Senior Apartments. When complete, it will bring 25 affordable apartments to D.C.’s Brookland neighborhood. The units will all be reserved for seniors over the age of 55. A timeline for construction or the cost of the Girard Street Senior Apartments were not disclosed. The developers will fund the project through the use of a combination of 9 percent LIHTC, DHCD gap financing and private first trust debt. Out-of-pocket rent for residents will be 30 percent of their income.