WASHINGTON, DC – May 7, 2013

Affordable housing to help revitalization efforts along the Georgia Avenue corridor

Mi Casa Inc and The Neighborhood Development Company (NDC) will hold a ribbon cutting ceremony for the “32 thirty-two Apartments,” on Wednesday May 8 at 10:00 am. The building is located at 3232 Georgia Avenue NW in the Parkview/Columbia Heights neighborhood of Washington, DC; it contains a mix of affordable one bedroom, two bedroom and three bedroom units.

The building incorporates many green elements, including a unique second floor garden area, green roof deck, and other sustainable development features. In addition to bringing new affordable rental housing to the community, the building’s ground floor level has nearly 11,000 square feet for neighborhood serving retail. The project has been developed as a public-private partnership with public and private funding.

Invited guests for the ribbon cutting include District of Columbia Mayor Vincent Gray, District Ward 1 Councilmember Jim Graham, and other Council members. In addition, leaders from the project’s financial partners are expected, including District of Columbia Housing Finance Agency (DCHFA), the District of Columbia’s Department of Housing and Community Development (DHCD), Deputy Mayor’s office for Planning and Economic Development (DMPED), Citi Community Capital (Citibank), Wells Fargo Affordable Housing Community Development Corporation and Enterprise Community Loan Fund.

 The development team include Hamel Builders, Inc., general contractor; Grimm + Parker, architects;  and Klein Hornig LLP and Holland & Knight LLP, attorneys.

Washington, DC. – April 11, 2013.  Neighborhood Development Company (NDC) announces the completion of its condominium Columbia Court project.  Several new residents have already closed on their units, and the remaining units are all under contract.

Columbia Court is located in the heart of Columbia Heights at the corner of 13^th and Fairmont Streets, NW.   Both the interior and exterior were totally renovated as part of this project.  Interior finishes included hardwood floors throughout, new tile finishes, and contemporary kitchen packages with stainless steel appliances.  The exterior received reworked and added balconies, accessibility ramps, and a large private courtyard soon to be a central gathering place for residents and their families.

The development of Columbia Court was a unique collaboration between NDC and the District of Columbia Department of Housing and Community Development (DHCD).   The project was built to market rate standards in a neighborhood which has priced out many long term residents, but 100% of the units in the building are affordable and will retain such affordability for at least 22 years.

Adrian Washington, NDC’s principal and founder, stated that “We are proud to have worked with DHCD, the Deputy Mayor’s Office, and members of the community to restore this building, which has long been a neglected and vacant nuisance, to deliver this latest addition to the Columbia Heights community.”

Michael Kelley, Director of DHCD stated:  “Once again, DHCD has facilitated the return of a vacant and abandoned property to the District’s tax rolls, serving moderate income families.  We are grateful to partners like the Neighborhood Development Company who make our mission possible through our Property Acquisition and Disposition Division.”

Matt Stevenson, one of the new residents of Columbia Court, said, “Everything is going well with the unit … I love it.   The building is great … I love the neighborhood.”

PGN Architects, PLLC (www.pgnarchitects.com) is the architect for the project while NDC Builders, LLC, an affiliate of NDC, served as the general contractor. The Bank of Georgetown (www.bankofgeorgetown.com) providing financing for the project. Sales and marketing efforts were handled by Urban Pace.  (www.urbanpace.com )

The Mount Rainier City Council voted Nov. 8 to award StreetSense and Neighborhood Development Company the rights to develop two city-owned properties at the corner of Rhode Island and Eastern Avenues.  StreetSense, a design and development firm based in Bethesda, and District-based Neighborhood Development, plan 210 apartments and 18,000 square feet of retail.

Please click here for the full article from The Washington Post Capital Business publication.

Neighborhood Development Capital  Management, an affiliate of The Neighborhood Development Company, has closed on the first round of its new opportunistic investment fund – Neighborhood Development Opportunity Partners.  Please click here for the full article from Citybizlist.

Please click on link to access this report: Annual Report

H Street & Beyond: Emerging Neighborhoods/Pioneering Investors
Thursday, May 17, 2012 at 2:30 p.m.

Executive Office of the Mayor

Office of Communications

PRESS RELEASE

FOR IMMEDIATE RELEASE: Thursday, March 8, 2012

Mayor Gray Breaks Ground on The Heights on Georgia Avenue

Development Offers Affordable Housing, Retail Space Along Georgia Avenue Corridor

(WASHINGTON, D.C.) – Mayor Vincent C. Gray, government officials and representatives of the development team today celebrated the groundbreaking of The Heights on Georgia Avenue – a mixed-use project that provides affordable housing and
retail space along the historic Georgia Avenue corridor in Ward 1.

“Breaking ground on The Heights on Georgia Avenue is a milestone that signals the ongoing renaissance of the Georgia Avenue corridor,” said Mayor Vincent C. Gray. “We thank Neighborhood Development Corporation, Mi Casa and everyone who came together to bring this project to fruition. This kind of development signals my administration’s commitment to increasing the availability of affordable housing across the District, and it is critical to the vitality of this historic neighborhood.”

Principals from the development partnership, Neighborhood Development Corporation, were joined by Mayor Gray, Ward 1 Councilmember Jim Graham, D.C. Housing Finance Agency Director Harry Sewell and Department of Housing and Community Development Director John Hall to ceremonially kick off construction at the site that will house the 100,000-square-foot building.

When completed, the striking new building,which mixes traditional architecture and contemporary design elements, willcontain a total of 69 one-, two- and three-bedroom units. It will also contain a second-floor tenant community space, a second-floor garden area, a “green” roofdeck and other sustainable development features. In addition to bringing new rental housing to the community, the first floor of the building will contain over 10,700 square feet of retail space that will serve the Pleasant Plains/Petworth community.

The project is part of the over $2.3 billion worth of District-affiliated projects currently under construction across the city, creating thousands of construction jobs and permanent jobs. Under Mayor Gray’s administration, more than 330 units of affordable housing have been brought online, and more than 460 units of affordable housing-including the units at The Heights-are currently in the District’s pipeline.

“Projects like The Heights on Georgia Avenue serve as a symbol of what is to come along Georgia Avenue in the District,” said Deputy Mayor for Planning and Economic Development Victor L. Hoskins. “We look forward to continuing our plans to build quality, affordable housing and bringing much-needed, community-serving amenities to neighborhood corridors across the District.”

The project is expected to be complete by the early second quarter of 2013.

The Residences at Georgia Avenue apartments has become more involved in the food and nutritional needs of the residents.  NDC Real Estate Management, Inc., the firm that manages the building, has initiated “The SHARE Program”.   Tenants of the building are invited to participate in this program that is designed to help families maximize their food budgets.

For only $20 dollars, tenants will have access to delicious hearty food packages that include steak, fish, chicken, vegetables, sweet rolls, and many other delectables of abundance that are usually unaffordable.  Amazingly, due to “The Share Program” groceries bills may be cut in half!

And for the convenience of all income levels, this program accepts all methods of payments; in addition to visa and debit cards, they even accept food stamp/EBT cards and money orders.

This is a very exciting time for tenants at The Residence at Georgia Avenue.To learn more about the SHARE Food Network, please visit www.sharedc.org. Sponsored and supported by the Share Food Network located in the District of Columbia.

Healthy Food for All!

The Residences at Georgia Avenue is managed by NDC Real Estate
Management Inc. (http://www.ndcrealestate.com)