The Neighborhood Development Company Completes “The Residences at Georgia Avenue”

The Neighborhood Development Company Completes “The Residences at Georgia Avenue”

WASHINGTON, DC — The Neighborhood Development Company (NDC) announces the completion of “The Residences at Georgia Avenue.” The Residences is a 72 unit 100% affordable rental housing building that is located at 4100 Georgia Avenue, N.W. in Washington, DC. This striking new 94,000 square foot modern designed building contains 36 one bedroom units and 36 two bedroom units. The project came to fruition due to the collective efforts of many parties. Financial partners for the project were the District of Columbia Housing Finance Agency (DCHFA), the District of Columbia’s Department of Housing and Community Development (DHCD), Wachovia Affordable Housing Community Development Corporation and MMA Financial.

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From DC Mud – Insider Interview: Adrian G. Washington of the Neighborhood Development Company

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Fenty Cuts Ribbon for $28M Affordable Housing Project on Georgia Avenue

(Washington, DC) -Mayor Adrian M. Fenty Tuesday joined executives from the Neighborhood Development Co. to celebrate the completion of the $28 million Residences at Georgia Avenue, a 72-unit mixed-use project that will include an organic grocery store.

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The Neighborhood Development Company and The District of Columbia Housing Authority Sign Long Term Subsidy Contract

WASHINGTON, DC — The Neighborhood Development Company (NDC) announces the signing of a contract with the District of Columbia Housing Authority (DCHA)(www.dchousing.org). This Long Term Subsidy Contract, signed on April 21, 2009, is part of the Local Rent Supplement Program created by DCHA. This project based contract provides for the leasing of fourteen (14) units to families and individuals who meet the criteria set forth by DCHA. This is a 15 year contract with a five year renewal option. This is the first contract executed by DCHA as part of this exciting new District funded initiative designed to work with private developers to expand the supply of affordable housing in the District of Columbia.

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The Neighborhood Development Company Acquires 907 Euclid Street in Partnership with Tenants Association

Washington, DC. – May 12, 2009. The Neighborhood Development Company (NDC) announces the acquisition of 907 Euclid Street, N.W., in Washington, DC. NDC was selected by the 907 Euclid Street Tenant Association to partner with them in exercising their rights to purchase the property and convert the building into condominiums. NDC believes that their experience in developing similar projects combined with the ability to provide a solution that met the needs of the tenants was the key in being selected over other competing developers. This is an example of NDC’s Building Together program where interested tenants have the opportunity to become homeowners; senior citizens are granted lifetime tenancy in their building; and new residents will have the opportunity to purchase units to inject a new energy into the building. All will soon enjoy life in totally renovated building with fully remodeled units. This project is consistent with the mission of the company to profitably revitalize neighborhoods without displacing current residents.

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Yes! Organic Market to Hold Grand Opening on August 17th

The Neighborhood Development Company and NDC Real Estate Management are pleased to announce that Yes! Organic Market is nearing construction completion of their forthcoming 11,500 square foot retail store on the first floor of the Residences at Georgia Avenue. The Residences is an apartment building located at Georgia Avenue, NW and Taylor St, NW. Yes! Organic Market will hold a grand opening and ribbon cutting ceremony on Monday, August 17, 2009 at 3:00 PM. District of Columbia Mayor Adrian Fenty and Ward 4 Councilmember Muriel Bowser are invited guest speakers.

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