Oxford Manor

2607 Bowen Road, SE
Washington, DC

Oxford Manor is a 226-unit apartment community located in Southeast Washington, DC near the Anacostia Metro Station. Oxford Manor was originally developed in 1966 as a market-rate apartment community. Over the years, the property suffered from insufficient capital reinvestment, especially in the heating/cooling system, underground water pipes, and interior fixtures. Throughout the 1970's and 1980's, the community suffered from increased crime and the deterioration.

The opening of the Anacostia Metro Station in 1991 and the gradual decrease in crime made this close-in community more attractive to real estate investors. When the former owner tried to sell the property to a for-profit developer, the Oxford Manor Tenants Association (OMTA) organized and exercised their rights under DC law to purchase the property.

CPDC responded to a Request for Proposals competition with a proposal to thoroughly renovate the units without displacing any residents and to give OMTA the right to purchase the property at the end of the 15-year tax credit compliance period. CPDC crafted a financing structure that includes $12,540,000 in an FHA-insured mortgage, $4,000,000 in District CDBG funds, and $8,246,000 in low-income housing tax credit equity, as well as a $500,000 deferred developer fee.

CPDC worked closely with the tenant association to develop a scope of work that would ensure that the asset would endure well past the time that the tenant association would have the right to purchase it.

The work, which began December 2004, included rebuilding the entire heating/cooling system and replacement of the flat roofs with sloped, trussed roofs. To increase the marketability of the project, new kitchens, bathrooms, windows, and doors will be installed.

CPDC is looking forward to partnering with the residents of Oxford Manor, local officials, and corporations to bring its award-winning academic and economic empowerment focused community development programs to the community.

Click here to view additional photos of this CPDC project.