410 Cedar Street NW
30 units of affordable, family housing undergoing renovations in Northwest Washington, DC (Ward 4)
Project Summary
410 Cedar Street NW, a multifamily development in Takoma (Ward 4), offers 30 one- to three-bedroom garden-style walk-up apartments less than one quarter mile from the Takoma Metro station and 1.5 miles from Silver Spring, MD. Wesley Housing and Joseph Development, Inc. (JDI) acquired the property at the end of 2018 and will begin renovations in 2020, with an estimated completion in 2021.
Site Address
410 Cedar Street NW
Washington, DC 20012
wesleyhousing@whdc.org
Fast Facts
Unit Breakdown
14 One Bedrooms
15 Two Bedrooms
1 Three Bedroom
Key Financing
- 9% Low Income Housing Tax Credit equity ($4.4M)
- Housing Production Trust Fund subordinate loan ($4.5M)
- Federal Historic Rehabilitation Tax Credit equity ($1.25M)
- Long-term permanent senior debt ($3.35M)
Building Amenities
On-site laundry facilities
Community meeting room
Bicycle storage
Off-street parking
Incomes Served
30%, 60% and 80% Area Median Income (AMI)
Estimated Completion
2021
Project Timeline
In Partnership With
