Fort Steves Place Building

1339 Ft. Stevens Dr., NW
Washington, DC 20011
United States

Leasing
Developer

Development Type
Substantial Rehab, Multifamily

Construction Type
Three-story brick building with elevator

Development Costs
$18 million (anticipated)

Contractor
Harkins Builders, Inc.
Architect
Miner Feinstein Architects
Owner
Ft. Stevens Place, LLC
Community Housing, Inc.
Enterprise Community Development
Management Company
Total Homes
59
Property Type
Affordable
Family

Fort Stevens Place

Constructed in 1952, Fort Stevens Place is a 59-unit multifamily tax credit apartment building located in the midst of a rapidly gentrifying area of Northwest Washington, D.C.

In 2016, the tenant association exercised their rights under D.C.'s Tenant Opportunity to Purchase Act (TOPA) and selected Enterprise Community Development (formerly Community Preservation and Development Corporation) to be the new owner and developer. In May 2016, EDC acquired the property with the support of Enterprise and the Site Acquisition Funding Initiative (SAFI).

Enterprise Community Development (ECD) was awarded nine percent Low-Income Housing Tax Credits (LIHTC) and Housing Production Trust funds by the D.C. Department of Housing and Community Development and began renovating the property in 2017. The renovations included the installation of new kitchens, baths, sprinkler system, roof, windows, individually controlled HVAC and upgraded electrical service. ECD also added a new community room and management office. 

Residential Profile
100 percent LIHTC eligible (<60 percent AMI)

Development Profile
Type / # Units / Density
EFF 2
1 BR 32
2 BR 25
1 acre

Amenities
Community Laundry
On-Site Parking

Opp360 logo

For full access to our tools and resources, please provide the information below.

We use this data to better understand our users; we do not sell or share this data. By providing this information, you can expect to receive newsletters and other updates from Opportunity360.