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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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