WASHINGTON, DC – Enterprise Community Development (ECD) has reopened Randle Hill Apartments, a $ 51 million affordable housing building in the Congress Heights neighborhood of Washington, DC that was recently renovated. The property comprises 195 apartments, 20 of which are reserved for formerly homeless individuals and families.
Located at 3300 6th St. SE, Randle Hill is a nine building complex with one, two and three bedroom units. Renovations on the property include updated kitchens and bathrooms, new HVAC units, upgraded light fixtures, and energy efficient features. Additionally, the property includes on-site resident services such as workforce development, case management, education and financial literacy programs. ECD ensured that no Randle Hill residents were moved during the renovations.
The District of Columbia Housing Finance Agency provided $ 25 million in construction finance bonds and Bank of America provided a loan of $ 26.5 million. The additional funding included $ 17.3 million from DCHFA’s HUD Risk Share program, $ 13 million from the District Housing Production Trust Fund, a $ 650,000 pre-development loan from Neighborworks Capital and $ 15.3 million. Low Income Housing Tax Credit Equity dollars from Enterprise Housing Credit Investments LLC to support development on behalf of Bank of America. Community Housing Capital provided an initial acquisition loan of nearly $ 17.8 million.
Associates Architects was the architect for the redevelopment and Hamel Builders and Wiencek were the general contractor.