**DCHFA Funds New Senior Housing Project in Washington, DC**
The District of Columbia Housing Finance Agency (DCHFA) has issued $22.6 million in tax-exempt bonds and underwritten $17.2 million in federal, along with $3.6 million in District of Columbia Low Income Housing Tax Credit equity, to support the construction of Wagner Senior Residences.
“DCHFA is proud to invest in the future of the Skyland neighborhood by financing affordable senior housing that meets the needs of our aging residents,” said Christopher E. Donald, Executive Director and CEO of DCHFA. “This development reflects our commitment to equity, dignity, and opportunity—ensuring that seniors in Ward 8 can age in place within a growing community with access to the neighborhood’s new amenities.”
The total cost of the Wagner Senior Residences development is estimated at $47.6 million. Additional financing includes an $18.9 million loan from the DC Department of Housing and Community Development’s Housing Production Trust Fund.
Developed by Justice Housing and the Miller Group, the project will feature a five-story building located at 2419 25th Street SE. It will include six studio apartments, 58 one-bedroom units, and three two-bedroom units. All residences will be designated for seniors earning between 30% to 80% of the area median income or less.
The Wagner Senior Residences aim to provide quality, affordable living for aging residents in a rapidly growing and revitalizing area of the city.
