CHP Selected to Develop Affordable Rental Apartments in Washington, D.C.
Community Housing Partners (CHP), a Virginia-based provider of affordable and sustainable housing, will be part of the development team for a 13-story, $180 million mixed-use building in Washington, D.C.’s NoMa neighborhood.
Mayor Muriel Bowser announced earlier this month that CHP has been selected along with development partners Monument Realty, Morningstar Community Development, The May Firm, and KGD Architecture to develop the one-acre lot at 2 Patterson St. NE. The team was picked among six finalists to transform the District-owned lot.
“We are thrilled to be working with a dedicated team of professionals on this mixed-used development in Washington, D.C.,” said David Schultz, Senior Vice President of CHP Real Estate Development. “While this will be CHP’s first project in the District, we have vast experience with creating and preserving affordable multifamily developments throughout the Mid-Atlantic and Southeast.”
While the development team and the District are still working through the details, plans call for 577 apartments, ranging in size from studios to four-bedroom units. Of these, the developers will set aside at least 278 affordable units and 164 workforce housing rental units. The affordable rental units will be designated to serve households at 30%, 50%, and 80% of the Area Median Income (AMI), while the workforce units will be rented to households between 100% and 120% AMI.
CHP will take a leadership role in the development, ownership, and management of the multifamily apartments and provide resident services there.
The project will also include 18,000 square feet of ground-floor retail space, 4,500 square foot of community space, and a public park. A timeline for development has not been set.
The developers engaged with the community throughout the Request for Proposal process and have been involved in more than 10 meetings with community stakeholders. The architectural firm, KGD Architecture, will be bringing its leadership in sustainable design to the project. The project will participate in the District’s Solar for All program and include electric vehicle charging stations. In addition to creating more than 230 jobs for District residents during construction, the project (including the retail and commercial space) anticipates that between 80 and 100 permanent jobs will be created.
The NoMa neighborhood takes its name from its location to the north of Massachusetts Avenue. A few blocks north of the U.S. Capitol and Union Station, the rapidly growing neighborhood currently has more than 9,300 residents and 54,000 daytime workers along the Metro Red Line.