Holmead Apartments
100 units of affordable, family housing nestled in the Columbia Heights, Ward 1 neighborhood of Washington, DC.
100 units of affordable, family housing nestled in the Columbia Heights, Ward 1 neighborhood of Washington, DC.
Holmead Apartments is a 100-unit property in the Columbia Heights (Ward 1) neighborhood of Washington, DC. The approximately 71,000 sq. ft. six-story apartment building has an additional two levels of underground parking on 0.44 acres.
This community is one the last naturally occurring market affordable properties located in a neighborhood facing pressures of gentrification and rent increases. To maintain affordability, the current residents of the property leveraged their rights under the Tenant Opportunity to Purchase Act (TOPA) and selected Wesley Housing as its development partner.
Wesley Housing is planning to hold the property for a short-term period before undertaking substantial rehabilitation activities to preserve the units and ensure long-term affordability and in the short-term will take immediate steps to address life safety issues and improve habitability for existing residents.
100 units
43 studios
52 one bedrooms
5 two bedrooms
$2.5M grant from the Amazon Housing Equity Fund
$8.8M loan from JP Morgan Chase
$5M loan from LICS DC
$5M loan from Capital Impact Partners
The acquisition financing leverages DHCD’s Housing Preservation Fund
2026