Number of Units

49

Year Developed

2013

Development Costs

$17,908,350

Goal

Ground-up new construction, four-story structure with three stories of wood over concrete podium.

Description

Mission First Housing Group, in partnership with Far SW-SE CDC and Lydia’s House opened Trinity Plaza in May 2015. The four-story new construction has 49 affordable housing rental units, as well as ground level parking and retail at 21 Atlantic Street, SW, Washington, DC. Located in the Bellevue neighborhood of Ward 8, this project has been in the works for nearly 10 years.

 

Mission First is a joint owner of the residential condo with the CDC under the LIHTC structure, while the CDC and Lydia’s House will own the retail condo. 100% of the 49 units are affordable.

 

Project financing includes tax exempt bonds credit enhanced through Bank of America, 4% tax credits, and DHCD gap financing.

 

Interested in living at Trinity Plaza? Click here for more information.