The D.C. Department of Housing and Community Development has provided $20.2 million in financing to rehabilitate 336 units of affordable housing for low-income households at the Park Southern Apartments complex in Ward 8.
800 Southern Avenue LLC, an entity jointly owned by Vesta Corporation and Park Southern Residents Council Inc., received $19.7 million in financing from the Housing Production Trust Fund and $530,000 in grant funding from the Department of Behavioral Health (DBH) to rehabilitate the complex located at 800 Southern Avenue SE, estimated to be completed in spring 2023.
“This agreement is the culmination of continuous engagement and participation among tenants, the developer and our team,” said DHCD Director Polly Donaldson. “This should serve as another example that tenants are an important voice in preserving affordable housing.”
In addition to the 22 market-rate apartments in the redevelopment, the community will offer 326 units designated affordable for households for which the annual income falls between $44,100 and $79,600.
Ten units will be permanent supportive housing units with support services provided by DBH and available for households where the yearly income is between $26,500 and $37,800.
“Safe, stable, affordable housing supports treatment and sustained recovery for residents living with mental illness and substance use disorders,” said Barbara Bazron, DBH director. “The mayor’s continued investment places the District at the national forefront of supported housing designated for people with behavioral health needs.”