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Residences at Hayes Affordable Housing Community Celebrates Ribbon Cutting
September 19, 2018
Co-developers Pennrose and The Warrenton Group were joined by District of Columbia Mayor Muriel Bowser, Deputy Mayor Brian Kenner and Ward 7 Councilmember Vincent C. Gray to celebrate the ribbon cutting at Residences at Hayes, an affordable housing community located in the Deanwood neighborhood of Washington, D.C. The event marked an effort to transform a blighted vacant property into 150 units of quality affordable housing for Ward 7 district residents.
Residences at Hayes offers four stories of studio, one-, two-, three-, and four-bedroom apartments, of which 50 units have been designated as replacement units for the Lincoln Heights and Richardson Dwellings public housing communities, slated for redevelopment. Site amenities include a community room, teen activity area with a cybercafé, a fitness room, three private courtyards, a bike storage room, and a tot lot. Parking spaces for 75 residents will be available on a first-requested basis.
“Pennrose is thrilled to bring quality affordable housing to Ward 7, helping the community meet its goal of ending homelessness in the county,” said Ivy Dench-Carter, Regional Vice President at Pennrose. “Pennrose invests in the communities we serve, and Residences at Hayes is a prime example of how housing can serve as a catalyst for economic mobility and growth in the Deanwood neighborhood.”
Funding for the $34.9 million project came from $6.1 million in long term tax-exempt financing from the D.C. Housing Finance Agency and Citi Community Capital, $14.6 million of low-income housing tax credits, a $9.5 million New Communities Initiative loan, a $2 million D.C. Housing Authority loan, a $1.5 million Citi Affordable Housing Catalyst loan, and deferred developer fees.
Torti Gallas Urban provided master-planning and architectural services for the redevelopment and Harkins Builders, Inc. was the general contractor. Pennrose Management Company will provide professional management oversight for the community, offering supportive services and programmed community spaces for residents.