Audubon Enterprises was engaged by E Street Development Group to serve as the financial advisor to this $95MM mixed-use, mixed-income intergenerational development located at 555 E Street SW.
This development brought 41 brand new mixed income units to downtown Anacostia, less than 1,100 feet from the Metrorail Station.
Neighborhood Development Company and Arten Bladensburg LLC closed on $23MM in financing to construct 65 units of affordable housing in January, 2018. The units will be reserved for seniors aged 55 and older.
Audubon Enterprises led the mark-up-to market process for the existing HAP contract of this 193-unit community along with negotiating and securing a PILOT approval and the financial structuring which includes an FHA insured 223(f) mortgage on behalf of Hudson Valley Property Group.
This 50-year old high rise closed on $45MM in financing, including a FHA insured 221(d)(4) mortgage, in June 2017 to complete substantial renovations which will benefit the senior residents for years to come.
MidAtlantic Realty Partners, one of the leading market rate developers in DC, partnered with Taylor Adams Associates for Phase I of The Solstice, which will produce 137 units of affordable housing on East Capitol Street NE.
WinnDevelopment closed on $69MM of multi-layered financing for Atlantic Gardens and Atlantic Terrace in Washington, D.C. that supported the rehabilitation of 303 units of housing and community amenities.
This $23MM transit-oriented development created a mixed income community that includes 18 units of Permanent Supportive Housing in collaboration with the Department of Behavioral Health and the District of Columbia Housing Authority.
Audubon Enterprises was selected to provide technical advisory services to the District of Columbia Housing Authority (“DCHA”) in 2013 and again in 2014.
WinnDevelopment won the competitive TOPA rights and partnered with the community’s Tenant Association to carry out substantial renovations without displacing tenants. Total project cost of $27.4MM.
Local nonprofit Bethel Corporation and Hudson Valley Property Group closed on $18.5MM of financing to renovate this vintage HUD 236 asset in Washington County with bonds issued by Maryland CDA under a RAD conversion.
Audubon Enterprises was engaged by Lock 7 Development LLC (“Lock 7”) to serve as the exclusive financial advisor to its ground-up 4% Low Income Housing Tax Credit (“LIHTC”) development located at 1736 Rhode Island Ave NE. Once complete, this development will produce 61 new units of family-housing in the historic Brookland neighborhood of Washington, DC.