1341-1351 Howard Road
Washington, DC 20020
Howard Hill is a 43-unit, four-building, garden-style property located in southeast Washington within walking distance to the Anacostia Metro station. Originally developed in 1963 as market-rate housing, by the mid 1990's Howard Hill was badly in need of renovation and had more than 50% vacancy. The owner needed to sell and approached Jubilee Enterprise of Greater Washington, an affordable housing developer focused on southeast Washington.
Jubilee Enterprise worked with the remaining residents to form a tenant association, and in 1995 the tenants and Jubilee Enterprise purchased the property under the name Howard Road Neighborhood Corporation (HRNC). HRNC is a non-profit organization governed by a board of directors made up of a majority of residents.
In December 2004, in order to address long-term capital needs of the property, HRNC sold the property to the Howard Hill Limited Partnership (HHLP) to allow for a tax credit renovation and recapitalization of the property. Jubilee Enterprise remained as the general partner of the HHLP and HRNC retained an advisory role in the property's operations and has the first right to purchase the property back from the HHLP at the end of the 15-year LIHTC compliance period.
The renovation was done with residents in place and was substantially completed September 30, 2005. Approximately $1,840,000 ($42,790 per unit) was spent on hard costs. Improvements included new roofs, plumbing fixtures, phone and data wiring, bathroom tile, flooring, painting of apartment interiors, an expanded community center, renovated hallways and storefronts, renovated laundry rooms, and a new tot lot play area. Site work included new asphalt and concrete, exterior fencing, dumpster enclosures, a retaining wall, and site lighting.
The property serves a very low-income population with more than 40% of the units occupied with residents with income below 30% of AMI.
Jubilee Enterprise transferred ownership of Howard Hill to CPDC in February 2006 as part of an acquisition agreement.
Click here to view additional photos of this CPDC project. |
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OWNER/DEVELOPER/SPONSOR
CPDC
Howard Hill Limited Partnership
Jubilee Enterprises of Greater Washington
ARCHITECT
Kathleen Lechleiter
CONTRACTOR
Hamel Builders, Inc.
FUNDERS: TYPE
DCDHCD: HPTF loan
DCDHCD: 9% LIHTC
CORNERSTONE INC.: Capital funds
DEVELOPMENT TYPE:
Acquisition, Moderate Rehabilitation, Multifamily
RESIDENTIAL PROFILE:
40% <30% of AMI
40% 30%-50% of AMI
91% LIHTC eligible (< 60% MI)
9% 60-80% of AMI
DENSITY: 43 units, 1 acre
DEVELOPMENT PROFILE
Type #/Units
1 BR / 20
2 BR / 23
AMENITIES
Two Laundry Rooms, Community Center and Rental Office, New Tot Lot, Balconies
CONSTRUCTION TYPE
Garden Apartments, Brick Exterior and Concrete Block Construction
DEVELOPMENT COSTS
$4 million |
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