Post Classifieds

The Hodge on 7th garners HOME Excellence Award 

Metro Brief

On April 20, 2016

Anthony Waddell (Public Finance Director DCHFA)
and Maria K. Day-Marshall (General Counsel DCHFA)

The National Association of Local Housing Finance Agencies earlier this month honored the District of Columbia Housing Finance Agency with the HOME Excellence Award for the Hodge on 7th development.

The Hodge is a $27.64 million multifamily senior residence located at 1490 7th Street NW, Washington, D.C. The project was financed in part by DCHFA through its issuance of $13 million in long and short-term tax-exempt bonds and $11.3 million of equity raised through the syndication of 4 percent low income housing tax credits. The project also received $6.3 million in subordinate HOME funds 

“The Agency takes great pride in being recognized by our peers for a project that is so impactful to the redevelopment of its neighborhood while maintaining affordability in the community,” said Maria K. Day-Marshall, General Counsel for DCHFA, upon accepting the award. 

The Hodge is an integral part of the City Market at O Street, the approximately one million square foot master development built around the National Register of Historic Places designated O Street Market, that includes roughly 90,000-square feet of retail space, a hotel, 90 affordable senior residential units, 400 market rate residential rental units, and an additional 145 resident-owned housing units. The Hodge is an indispensable reflection of the larger $315 million development’s dedication to affordability and resident age diversity. 

The development at the City Market at O Street was so emblematic of critical urban revitalization and economic development, that the Obama Administration designated the site as one of 14 national “high priority infrastructure projects” targeted for the streamlined deployment of federal resources, and one of only two such projects in the initiative assigned primarily to the U.S. Department of Housing and Urban Development. 

The HOME Excellence Award was presented during NALHFA’s annual conference last week in Dallas. For 34 years, the National Association of Local Housing Finance Agencies has been an advocacy organization whose membership is comprised of professionals working to finance affordable housing in the broader community development context at the local level. 

Through its Public Finance division, DCHFA issues tax-exempt mortgage revenue bonds to lower the developers’ costs of acquiring, constructing and rehabilitating rental housing. The agency offers private for-profit and non-profit developers low cost predevelopment, construction and permanent financing that supports the new construction, acquisition, and rehabilitation of affordable rental housing in the District. 

Get Top Stories Delivered Weekly

More districtchronicles News Articles

Recent districtchronicles News Articles

Discuss This Article




Log In

or Create an account

Employers & Housing Providers

Employers can list job opportunities for students

Post a Job

Housing Providers can list available housing

Post Housing

Log In

Forgot your password?

Your new password has been sent to your email!

Logout Successful!

Please Select Your College/University:

You just missed it! This listing has been filled.

Post your own housing listing on Uloop and have students reach out to you!

Upload An Image

Please select an image to upload
Note: must be in .png, .gif or .jpg format
Provide URL where image can be downloaded
Note: must be in .png, .gif or .jpg format