By: Isabelle Elizondo On: December 21, 2023 In: Comments: 0

DC Green Bank provided debt financing to Urban Atlantic Development to build a new affordable senior housing development in Washington DC’s Ward 3, which will be the first independent senior living development in the Friendship Heights area. Urban Atlantic Development received a total of US$69 million in funding from various capital sources including DC Green Bank, the DC Department of Housing and Community Development’s Housing Production Trust Fund, low-income housing tax credit funding, DC Housing Finance Agency bond, Rise Impact Capital, Capital One Community Finance and the Amazon Housing Equity Fund.

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