|
|
|
 |
Ellen Wilson, Washington, DC
PROJECT
DESCRIPTION
|
Number
of Units
|
|
|
Homeownership |
13
134
|
Market Rate (MR)
Cooperative (C)
|
|
Rental |
0
|
|
|
Total Units |
147
|
|
|
Unit Type |
# |
Size |
# |
Square Footage |
|
Townhome
|
147
|
1 BR |
46
|
581
|
|
Row
|
|
2 BR |
88
|
1,130
|
|
Semi-detached
|
|
3 BR |
13
|
1,684
|
|
Detached |
|
|
|
|
| Income Mix |
|
|
|
25%
|
(0
to 25%
AMI)
|
|
25% |
(26 to 50% AMI)
|
|
25% |
(51 to 80% AMI) |
|
25% |
(81 to 115% AMI) |
| Other
Facilities |
|
|
Community
Space |
yes |
6,000 SF
|
|
Day
Care |
no |
n/a
|
|
Commercial |
no |
n/a
|
| FINANCING SOURCES |
| Source
|
Type |
Amount |
HOPE VI
|
Grant
|
$25,000,000
|
Citibank Market Rate Townhomes
Construction Loan
|
Debt
|
$3,800,000
|
Surplus Cash-Cooperative
|
Grant |
$500,000
|
Sale Proceeds-Townhomes
|
Grant |
$260,000
|
DCHA and other
|
Grant |
$250,000
|
DEVELOPMENT COST
|
| Total Cost |
$29,800,000
|
| Per Unit Cost |
$185,000
|
PHASING
|
| Start |
Coop: 1996
Townhomes: 2002
Community
Center: 2004
|
| Completion |
Coop: 2000
Townhomes: 2003
Community
Center: 2005 |
DEVELOPMENT
TEAM
|
| Owner |
Ellen Wilson
Redevelopment LLC
|
| Participant |
Telesis Corporation |
Role: Developer |
|
|
| Participant |
DC Housing Authority
|
Role: PHA |
|
|
| Participant |
Weistein Associates/ Sorg & Associates
|
Role: Architect |
|
|
| Participant |
A&A LP
|
Role: General
Contractor |
|
| Participant |
Citibank, Inc.
|
Role: Construction
Lender |
|
| Participant |
Pardoe Real Estate
|
Role: Listing
Broker |
|
|
| Participant |
TCM
|
Role: Construction Manager
|
|
| Participant |
Oehme, van Sweden & Associates, Inc.
|
Role: Landscape
Architect
|
|
STATUS:
|
Affordable
cooperative townhomes and market rate townhomes completed and sold.
Community Center completed in November, 2005.
|
|
|
