Edgewood Terrace Phase II
The Parke

401, 415, 425
Edgewood Street, NE
Washington, DC

Edgewood Terrace Phase II is composed of 3 garden-style apartment buildings containing 42 two-bedroom units formerly owned by the District of Columbia Housing Authority. CPDC purchased the seriously dilapidated garden apartments in February 1999, and construction was completed in December 1999. Today, they are operating as the Parke, another healthy component of Edgewood Terrace's revitalization.

CPDC competed for and was awarded CDBG funds as well as 9% Low-Income Housing Tax Credits from DHCD for the redevelopment of the Edgewood II garden apartments. These funds, along with a first mortgage from SunTrust Bank, allowed CPDC to substantially rehabilitate the gardens as two-bedroom, mixed-income housing for families, similar to the garden apartment component of Edgewood Terrace I.

Approximately three fourths of the units are affordable to households earning up to 60% of the area median income, and the balance are affordable to households earning up to 80% of the median income.

Residents of the Parke, along with residents of each of the other three phases of the Edgewood Terrace, take advantage of the numerous community development programs housed in Edgewood Terrace I, The Vantage. They have access to five computer classrooms, youth recreation, tutoring, educational, and leadership development areas, as well as an assortment of meeting and counseling rooms.

Click here to view additional photos of this CPDC project.