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<generator>Northstar Internet, Inc.</generator><atom10:link xmlns:atom10="http://www.w3.org/2005/Atom" rel="self" href="http://www.missionfirst.com/news/RSS.php" type="application/rss+xml" /><item><title><![CDATA[Golden Rule Plaza]]></title><guid>http://www.missionfirst.com/news/newsandarticles_article.php?DID=6</guid><link>http://www.missionfirst.com/news/newsandarticles_article.php?DID=6</link><description><![CDATA[<DIV align=center><SPAN class=content><SPAN style="FONT-WEIGHT: bold">DCHFA Announces Winner of 2nd Annual Affordable Housing Development Award</SPAN></SPAN></DIV>
<DIV><SPAN class=content></SPAN>&nbsp;</DIV>
<DIV align=justify><SPAN class=content>Washington, D.C. – The D.C. Housing Finance Agency (HFA) has awarded its 2nd Annual Affordable Housing Development Award of Excellence to Golden Rule Plaza, Inc. for its development of Golden Rule Plaza, which is a 119-unit affordable rental housing development for senior citizens. The new high-rise building was the vision of The Bible Way Church’s founder, Bishop Smallwood E. Williams.<BR><BR>The award is presented to the HFA-financed development that most exemplifies a quality affordable housing project in Washington. In Fiscal Year 2002, the HFA provided $94.6 million in tax-exempt and taxable bond financing for 11 projects totaling 1,727 affordable housing units. Golden Rule Plaza ranked the highest among those HFA-financed projects in the following five categories: best construction concept, affordability, community need, cost efficiency and uniqueness.<BR><BR>The HFA provided $6.3 million in tax-exempt bond financing and $2.5 million in taxable bond financing for Golden Rule Plaza. The seven-story apartment building will only house individuals 62 years of age and older that earn less than 60% of the Area Median Income, which is less than $45,750 annually. The housing development was originally located in Ward 2, but redistricting has placed it in Ward 6. Councilmember Sharon Ambrose is the development’s new city council representative, and she has pledged her full support. Golden Rule Plaza is the first affordable housing for senior citizens to be built in Ward 6 in several years. Construction began in August 2002 and is slated for completion in July 2003.<BR><BR>The HFA also allocated $6 million in tax credits, which were purchased by Apollo Housing Capital. The Department of Housing and Community Development provided $3.5 million in predevelopment costs and permanent subsidy. Federal Home Loan Bank of Atlanta, Riggs Bank, Housing Linkage and Square 456 Associates were also financial participants. Golden Rule Plaza Inc. has partnered with Mission First Development to oversee the housing development from construction to lease up.<BR><BR>The HFA announces the winner of the Affordable Housing Development Award of Excellence each December. Winners receive a plaque and are honored at a special HFA-sponsored event. The award is the agency’s opportunity to recognize developers who help bring quality affordable housing to low- and moderate-income residents and provide exemplary contributions to the production of housing in Washington.</SPAN><BR><BR></DIV>]]></description><category>news</category><pubDate>Fri, 13 Sep 2002 00:00:00 MST</pubDate></item><item><title><![CDATA[Golden Rule Plaza: Winner of 2nd Annual DCHFA Affordable Housing Development Award]]></title><guid>http://www.missionfirst.com/news/newsandarticles_article.php?DID=2</guid><link>http://www.missionfirst.com/news/newsandarticles_article.php?DID=2</link><description><![CDATA[<DIV><SPAN style="FONT-WEIGHT: bold">DCHFA Announces Winner of 2nd Annual Affordable Housing Development Award<BR><BR></SPAN></DIV>
<DIV></DIV>
<DIV align=justify>Washington, D.C. – The D.C. Housing Finance Agency (HFA) has awarded its 2nd Annual Affordable Housing Development Award of Excellence to Golden Rule Plaza, Inc. for its development of Golden Rule Plaza, which is a 119-unit affordable rental housing development for senior citizens. The new high-rise building was the vision of The Bible Way Church's founder, Bishop Smallwood E. Williams.</DIV>
<P align=justify>The award is presented to the HFA-financed development that most exemplifies a quality affordable housing project in Washington. In Fiscal Year 2002, the HFA provided $94.6 million in tax-exempt and taxable bond financing for 11 projects totaling 1,727 affordable housing units. Golden Rule Plaza ranked the highest among those HFA-financed projects in the following five categories: best construction concept, affordability, community need, cost efficiency and uniqueness.</P>
<P align=justify>The HFA provided $6.3 million in tax-exempt bond financing and $2.5 million in taxable bond financing for Golden Rule Plaza. The seven-story apartment building will only house individuals 62 years of age and older that earn less than 60% of the Area Median Income, which is less than $45,750 annually. The housing development was originally located in Ward 2, but redistricting has placed it in Ward 6. Councilmember Sharon Ambrose is the development's new city council representative, and she has pledged her full support. Golden Rule Plaza is the first affordable housing for senior citizens to be built in Ward 6 in several years. Construction began in August 2002 and is slated for completion in July 2003.</P>
<P align=justify>The HFA also allocated $6 million in tax credits, which were purchased by Apollo Housing Capital. The Department of Housing and Community Development provided $3.5 million in predevelopment costs and permanent subsidy. Federal Home Loan Bank of Atlanta, Riggs Bank, Housing Linkage and Square 456 Associates were also financial participants. Golden Rule Plaza Inc. has partnered with Mission First Development to oversee the housing development from construction to lease up.</P>
<P align=justify>The HFA announces the winner of the Affordable Housing Development Award of Excellence each December. Winners receive a plaque and are honored at a special HFA-sponsored event. The award is the agency's opportunity to recognize developers who help bring quality affordable housing to low- and moderate-income residents and provide exemplary contributions to the production of housing in Washington.</P>
<P></P>]]></description><category>news</category><pubDate>Mon, 09 Dec 2002 00:00:00 MST</pubDate></item><item><title><![CDATA[Sterling Market Lofts: Winner of Connecticut Real Estate Award - The Real Estate Exchange]]></title><guid>http://www.missionfirst.com/news/newsandarticles_article.php?DID=1</guid><link>http://www.missionfirst.com/news/newsandarticles_article.php?DID=1</link><description><![CDATA[<P align=justify>In March 2006, the Sterling Market Lofts project was honored with the Connecticut Real Estate Award, given to projects "that have had the greatest positive impact on the State of Connecticut or their region of the State, and have overcome significant economic, geographic, bureaucratic, or environmental obstacles." The honor was awarded by the Real Estate Exchange, a professional commercial real estate organization in Connecticut.&nbsp; MissionFirst partnered with Artspace Projects, Inc.&nbsp;to develop artist loft housing in the former Read's department store in Bridgeport, Connecticut.</P>]]></description><category>news</category><pubDate>Wed, 01 Mar 2006 00:00:00 MST</pubDate></item><item><title><![CDATA[Joseph W. King Senior Center]]></title><guid>http://www.missionfirst.com/news/newsandarticles_article.php?DID=3</guid><link>http://www.missionfirst.com/news/newsandarticles_article.php?DID=3</link><description><![CDATA[<P><A class=morelink href="/pdf/MayJune2006.pdf" target=_blank>New Benning Heights Affordable Housing Development for Seniors Completed</A> (PDF Link) - DCHFA Press Release</P>
<P><A class=morelink href="/pdf/NovDec2004.pdf" target=_blank>New 74-Unit Affordable Housing Development for Seniors Being Built in Ward 7</A> (PDF Link) - DCHFA Press Release</P>]]></description><category>news</category><pubDate>Sat, 06 May 2006 00:00:00 MST</pubDate></item><item><title><![CDATA[Home Again Initiative]]></title><guid>http://www.missionfirst.com/news/newsandarticles_article.php?DID=4</guid><link>http://www.missionfirst.com/news/newsandarticles_article.php?DID=4</link><description><![CDATA[<DIV><SPAN class=subHeader>"Taking a Step to Stay in Their NE Neighborhood<BR></SPAN><SPAN class=subHeader3>Residents Give Input on Plans for Affordable Housing"</SPAN></DIV>
<DIV align=justify><SPAN class=subHeader3 style="FONT-STYLE: italic">Washington Post; Sunday, June 4, 2006; Page C06</SPAN><BR><SPAN class=content><BR>Longtime Ivy City residents saw the entrepreneurs trickle in, turning old houses into snazzy new homes, betting on the future of the District's housing boom. Then came the developers, turning buildings into condominiums.<BR><BR>What would be next, many people figured, was getting pushed out of their Northeast neighborhood.<BR><BR>Spurred by their fears, residents got together yesterday to begin shaping their future.<BR><BR>About 30 people -- many of them considered low-income -- gathered at Trinity Baptist Church on Central Place NE to hear three developers deliver pitches on why they should be allowed to rehabilitate 16 to 37 city-owned properties into single-family houses, condominiums or cooperatives. The meeting was held by Home Again, a city program that gives residents a say in deciding how to turn vacant city property into affordable housing.<BR><BR>"Let's be real. The District of Columbia is trying to get anything that's not on a yuppie scale . . . out of the District," said Chris Baker, 42, a homemaker who has lived in the neighborhood for 36 years. "The buzz started going around about the city looking at the lots. We started questioning what was going on. We spoke out. Really spoke out."<BR><BR>The turnaround in Ivy City -- a gritty yet tightknit neighborhood tucked behind a popular nightclub and industrial buildings on New York Avenue NE -- is already underway.<BR><BR>Home Again, which started four years ago, has carved affordable housing out of vacant buildings and lots the city owns.<BR><BR>After 150 people showed up for a meeting last summer, the city established the Ivy City Home Again Task Force. It has the most public participation in the program, said Geraldine Gardner, a project manager for the Office of the Deputy Mayor for Planning and Economic Development.<BR><BR>"We came up with what we wanted, not what they [the city or developers] wanted for us," said Audrey Ray, a member of the task force.<BR><BR>Developers hoping to get a crack at the available properties must meet stringent requirements designed to ensure that new housing is not just for the affluent. They were required to present plans that set aside at least one in five of the housing units for people who receive less than 30 percent of the city's annual median income. In Ivy City, that means a family of four that receives up to $26,790 would qualify.<BR><BR>At least 30 percent of the homes would go to residents who receive 31 to 60 percent of the median income in one option that developers were given. The city also offered to give developers $3 million to assist with the project if 40 percent of housing is set aside for residents whose income is less than 30 percent of the median and another 40 percent goes to those who receive up to half the median.AdvantEdge Development, in partnership with D.C. Habitat for Humanity, proposed building 68 units, with 36 designated affordable housing.<BR><BR>Three developers came up with plans that met the qualifications, but they differed greatly: <BR><BR>• AdvantEdge Development, in partnership with D.C. Habitat for Humanity, proposed building 68 units, with 36 designated affordable housing.<BR><BR>• MissionFirst Development, which also came up with a proposal with Habitat for Humanity, would build 25 units. Only five would be sold at the market price.<BR><BR>• Mi Casa Inc. and Manna Inc. want to build a development with 33 units, and all but three would be considered affordable. Fourteen of the units would go to residents who receive less than 30 percent of the median income.<BR><BR>After listening to the presentations for 90 minutes, the residents turned in surveys listing what they liked and disliked about each of the plans. Erik Johnson, director of Home Again, said the agency will read the surveys and within two weeks recommend to the mayor's office a developer to rehabilitate the properties.<BR><BR>Several residents said they hope to live in one of the new units.<BR><BR>Kevin Cunningham, 44, has lived in the neighborhood all his life. He said he would like to buy a new house if the income guidelines hold fast.<BR><BR>"Me and my wife, we have four kids, and we make $60,000," said Cunningham, a dispatcher for a courier service. "We're doing better than others."<BR><BR>Mildred Jacobs, 67, has lived in the neighborhood for three years. Her landlord sold her previous home in Northwest Washington, and she moved to Ivy City seeking more affordable housing.<BR><BR>"You should see it now," she said of her old house. "It's gorgeous. It looks like a fairy tale. . . . You'd never know I had lived there."<BR><BR>The retired custodial worker doesn't want to be forced to move again.<BR><BR>"There are some who have lived here 60 years," she said. "I love it here."</SPAN></DIV>]]></description><category>news</category><pubDate>Sun, 04 Jun 2006 00:00:00 MST</pubDate></item><item><title><![CDATA[Golden Rule Apartments]]></title><guid>http://www.missionfirst.com/news/newsandarticles_article.php?DID=5</guid><link>http://www.missionfirst.com/news/newsandarticles_article.php?DID=5</link><description><![CDATA[<DIV class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=center>DCHFA Announces Winner of 6th Annual Affordable Housing Development Award of Excellence</DIV>
<DIV class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=center><SPAN style="FONT-WEIGHT: normal; FONT-STYLE: italic">Notable Nonprofit Housing Developer, Tenants, and Local Church Form Winning Partnership</SPAN></DIV>
<P class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=center><?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p>&nbsp;</o:p></P>
<P class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=justify><SPAN style="FONT-WEIGHT: normal">(<?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:place w:st="on"><st1:City w:st="on">Washington</st1:City>, <st1:State w:st="on">D.C.</st1:State></st1:place>) – The D.C. Housing Finance Agency (HFA) has awarded its 6<SUP><SPAN style="FONT-WEIGHT: normal; FONT-SIZE: 8pt">th</SPAN></SUP><SPAN style="FONT-WEIGHT: normal; FONT-SIZE: 8pt"> </SPAN>Annual Affordable Housing Development Award of Excellence to Golden Rule Apartments, Inc., MissionFirst Development and The Henson Development Company for the rehabilitation of Golden Rule Apartments, which is a 183-mid-rise apartment building located at <st1:Street w:st="on"><st1:address w:st="on">901 New Jersey Avenue NW</st1:address></st1:Street> located within the city’s Northwest One Neighborhood (NW1). Thanks to the partnership, the apartments will undergo a much needed renovation, and the apartments will be affordable to households with incomes at or below 60 percent of the Area Median Income, which $54,720 for a family of four.</SPAN></P>
<P class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=justify><o:p><SPAN style="FONT-WEIGHT: normal">&nbsp;</SPAN></o:p></P>
<P class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=justify><SPAN style="FONT-WEIGHT: normal">The annual award is presented to the HFA-financed development that most exemplifies a quality affordable housing project in <st1:place w:st="on"><st1:State w:st="on">Washington</st1:State></st1:place>. In Fiscal Year 2006, the HFA financed eight multifamily housing developments resulting in the production and preservation of 1,164 affordable housing units. With a total agency investment for the year of $71.2 million in tax-exempt and taxable bonds and $42.7 million in Low-Income Housing Tax Credits, the HFA supported the construction or preservation of affordable housing units in Arthur Capper/Carrollsburg Senior Building and Golden Rule Apartments in Ward 6; New Eastgate Phase II and George Washington Carver Apartments in Ward 7; and Hunter Pines Apartments, Galen Terrace, Garfield Hills and Southview I &amp; II Apartments in Ward 8. Golden Rule Apartments ranked the highest among HFA-financed projects in the following five categories: best construction concept, affordability, community need, cost efficiency and uniqueness.</SPAN></P>
<P class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=justify><o:p><SPAN style="FONT-WEIGHT: normal">&nbsp;</SPAN></o:p></P>
<P class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=justify><SPAN style="FONT-WEIGHT: normal">“Committed developers who produce affordable housing in our high-cost city deserve to be acknowledged for their hard work and dedication. Our Annual Affordable Housing Development Award of Excellence is one such acknowledgement that provides developers with a much-deserved recognition for their efforts,” said Harry D. Sewell, Executive Director of the D.C. Housing Finance Agency.</SPAN></P>
<P class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=justify><o:p><SPAN style="FONT-WEIGHT: normal">&nbsp;</SPAN></o:p></P>
<P class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=justify><SPAN style="FONT-WEIGHT: normal">The HFA provided $12.6 million in tax-exempt bond financing for the acquisition and rehabilitation of Golden Rule Apartments. The development team also received $9.3 million in Low-Income Housing Tax Credits and a $950,000 <SPAN style="FONT-WEIGHT: normal; FONT-STYLE: italic">Community Development Block Grant </SPAN>loan from the Department of Housing of Community Development. In addition, the U.S. Department of Housing and Urban Development extended the Section 8 HAP contract for 20 years.<SPAN style="FONT-WEIGHT: normal; FONT-SIZE: 10pt"><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt" align=justify><o:p><SPAN style="FONT-WEIGHT: normal">&nbsp;</SPAN></o:p></P>
<P class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=justify><SPAN style="FONT-WEIGHT: normal">Golden Rule Apartments has 53 one-bedroom one-bathroom units, 112 two-bedroom two-bathroom units, and 18 three-bedroom two-bathroom units. A substantial rehabilitation is planned for the building, including renovations to the apartments, safety enhancements and improvements to an existing on-site daycare center, which serves both children who reside in Golden Rule Apartments and the surrounding neighborhood. The total development budget is over $25 million, and renovations are expected to be complete in September 2008.</SPAN></P>
<P class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=justify><o:p><SPAN style="FONT-WEIGHT: normal">&nbsp;</SPAN></o:p></P>
<P class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=justify><SPAN style="FONT-WEIGHT: normal">The HFA announces the winner of the Affordable Housing Development Award of Excellence each December. Winners receive a plaque and are honored at a special HFA-sponsored event. The award is the agency’s opportunity to recognize developers who help bring quality affordable housing to low- and moderate income residents and provide exemplary contributions to the production of housing in <st1:State w:st="on"><st1:place w:st="on">Washington</st1:place></st1:State>.</SPAN></P>]]></description><category>news</category><pubDate>Mon, 04 Dec 2006 00:00:00 MST</pubDate></item><item><title><![CDATA[Grand Re-Opening of Golden Rule Apartments Celebrated November 10]]></title><guid>http://www.missionfirst.com/news/newsandarticles_article.php?DID=7</guid><link>http://www.missionfirst.com/news/newsandarticles_article.php?DID=7</link><description><![CDATA[<DIV align=justify>The&nbsp;Grand Re-Opening of the newly renovated Golden Rule Apartments in Northwest Washington was held&nbsp;November 10, 2007. The event celebrated the substantial completion of a significant $27 million renovation the Golden Rule Apartments, a 183-unit multi-family affordable housing development at 901 New Jersey Avenue NW. </DIV>
<DIV align=justify>&nbsp;</DIV>
<DIV align=justify><IMG alt="" src="http://www.missionfirst.com/images/upload/FH040003.jpg" border=0></DIV>
<P align=justify>Owner GRA Properties Limited Partnership, an affiliate of Bible Way Church, worked with MissionFirst Development to plan this exciting event which celebrated a new era for Golden Rule Apartments.&nbsp; A ribbon cutting ceremony was held at 11AM, followed by a reception.&nbsp; City Countil Chair Vincent Gray provided remarks, along with Ward 6 Councilmember Tommy Wells, Ward 8 Councilmemeber Marion Barry, and At-Large Councilmember Kwame Brown.&nbsp; Greetings were also offered by Leila Finucane Edmonds, Director of the DC Department of Housing and Community Development, and Harry Sewell, Executive Director of the DC Housing Finance Agency.&nbsp; Mayor Adrian Fenty stopped by during the reception to offer his congratulations as well.</P>
<DIV align=justify>&nbsp;<IMG alt="" src="http://www.missionfirst.com/images/upload/FH000039.jpg" border=0></DIV>
<DIV align=justify>&nbsp;</DIV>
<DIV align=justify>The fully renovated one, two and three bedroom units at Golden Rule Apartments will provide long term affordability to low and moderate income families. A number of development partners were key to the project’s successful completion, including The Henson Development Companies, Hamel Builders, and JDC Construction. </DIV>
<DIV align=justify>&nbsp;</DIV>
<DIV align=justify><IMG height=299 alt="" src="http://www.missionfirst.com/images/upload/FH000006.jpg" width=448 border=0></DIV>
<DIV align=justify>&nbsp;</DIV>
<DIV align=justify><SPAN times="" new="" roman="" ;="">MissionFirst and Bible Way secured funds through a successful public-private partnership with the District government. The project scope of work included the upgrading of building infrastructure, complete unit renovation, and the installation of new life safety systems.</SPAN></DIV>
<DIV align=justify><SPAN times="" new="" roman="" ;=""></SPAN>&nbsp;</DIV>
<DIV align=justify><SPAN times="" new="" roman="" ;=""><IMG alt="" src="http://www.missionfirst.com/images/upload/FH050001a.jpg" border=0></SPAN></DIV>
<DIV align=justify><SPAN times="" new="" roman="" ;=""></SPAN>&nbsp;</DIV>
<DIV align=justify><SPAN times="" new="" roman="" ;=""></SPAN>&nbsp;</DIV>]]></description><category>news</category><pubDate>Mon, 12 Nov 2007 00:00:00 MST</pubDate></item><item><title><![CDATA[Golden Rule Apartments: Winner of 6th Annual DCHFA Affordable Housing Development Award]]></title><guid>http://www.missionfirst.com/news/newsandarticles_article.php?DID=8</guid><link>http://www.missionfirst.com/news/newsandarticles_article.php?DID=8</link><description><![CDATA[<DIV class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=center>DCHFA Announces Winner of 6th Annual Affordable Housing Development Award of Excellence</DIV>
<DIV class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=center><SPAN style="FONT-WEIGHT: normal; FONT-STYLE: italic">Notable Nonprofit Housing Developer, Tenants, and Local Church Form Winning Partnership</SPAN></DIV>
<P class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=center><?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p>&nbsp;</o:p></P>
<P class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=justify><SPAN style="FONT-WEIGHT: normal">(<?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:place w:st="on"><st1:City w:st="on">Washington</st1:City>, <st1:State w:st="on">D.C.</st1:State></st1:place>) – The D.C. Housing Finance Agency (HFA) has awarded its 6<SUP><SPAN style="FONT-WEIGHT: normal; FONT-SIZE: 8pt">th</SPAN></SUP><SPAN style="FONT-WEIGHT: normal; FONT-SIZE: 8pt"> </SPAN>Annual Affordable Housing Development Award of Excellence to Golden Rule Apartments, Inc., MissionFirst Development and The Henson Development Company for the rehabilitation of Golden Rule Apartments, which is a 183-mid-rise apartment building located at <st1:Street w:st="on"><st1:address w:st="on">901 New Jersey Avenue NW</st1:address></st1:Street> located within the city’s Northwest One Neighborhood (NW1). Thanks to the partnership, the apartments will undergo a much needed renovation, and the apartments will be affordable to households with incomes at or below 60 percent of the Area Median Income, which $54,720 for a family of four.</SPAN></P>
<P class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=justify><o:p><SPAN style="FONT-WEIGHT: normal">&nbsp;</SPAN></o:p></P>
<P class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=justify><SPAN style="FONT-WEIGHT: normal">The annual award is presented to the HFA-financed development that most exemplifies a quality affordable housing project in <st1:place w:st="on"><st1:State w:st="on">Washington</st1:State></st1:place>. In Fiscal Year 2006, the HFA financed eight multifamily housing developments resulting in the production and preservation of 1,164 affordable housing units. With a total agency investment for the year of $71.2 million in tax-exempt and taxable bonds and $42.7 million in Low-Income Housing Tax Credits, the HFA supported the construction or preservation of affordable housing units in Arthur Capper/Carrollsburg Senior Building and Golden Rule Apartments in Ward 6; New Eastgate Phase II and George Washington Carver Apartments in Ward 7; and Hunter Pines Apartments, Galen Terrace, Garfield Hills and Southview I &amp; II Apartments in Ward 8. Golden Rule Apartments ranked the highest among HFA-financed projects in the following five categories: best construction concept, affordability, community need, cost efficiency and uniqueness.</SPAN></P>
<P class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=justify><o:p><SPAN style="FONT-WEIGHT: normal">&nbsp;</SPAN></o:p></P>
<P class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=justify><SPAN style="FONT-WEIGHT: normal">“Committed developers who produce affordable housing in our high-cost city deserve to be acknowledged for their hard work and dedication. Our Annual Affordable Housing Development Award of Excellence is one such acknowledgement that provides developers with a much-deserved recognition for their efforts,” said Harry D. Sewell, Executive Director of the D.C. Housing Finance Agency.</SPAN></P>
<P class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=justify><o:p><SPAN style="FONT-WEIGHT: normal">&nbsp;</SPAN></o:p></P>
<P class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=justify><SPAN style="FONT-WEIGHT: normal">The HFA provided $12.6 million in tax-exempt bond financing for the acquisition and rehabilitation of Golden Rule Apartments. The development team also received $9.3 million in Low-Income Housing Tax Credits and a $950,000 <SPAN style="FONT-WEIGHT: normal; FONT-STYLE: italic">Community Development Block Grant </SPAN>loan from the Department of Housing of Community Development. In addition, the U.S. Department of Housing and Urban Development extended the Section 8 HAP contract for 20 years.<SPAN style="FONT-WEIGHT: normal; FONT-SIZE: 10pt"><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt" align=justify><o:p><SPAN style="FONT-WEIGHT: normal">&nbsp;</SPAN></o:p></P>
<P class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=justify><SPAN style="FONT-WEIGHT: normal">Golden Rule Apartments has 53 one-bedroom one-bathroom units, 112 two-bedroom two-bathroom units, and 18 three-bedroom two-bathroom units. A substantial rehabilitation is planned for the building, including renovations to the apartments, safety enhancements and improvements to an existing on-site daycare center, which serves both children who reside in Golden Rule Apartments and the surrounding neighborhood. The total development budget is over $25 million, and renovations are expected to be complete in September 2008.</SPAN></P>
<P class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=justify><o:p><SPAN style="FONT-WEIGHT: normal">&nbsp;</SPAN></o:p></P>
<P class=MsoNormal style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; mso-layout-grid-align: none" align=justify><SPAN style="FONT-WEIGHT: normal">The HFA announces the winner of the Affordable Housing Development Award of Excellence each December. Winners receive a plaque and are honored at a special HFA-sponsored event. The award is the agency’s opportunity to recognize developers who help bring quality affordable housing to low- and moderate income residents and provide exemplary contributions to the production of housing in <st1:State w:st="on"><st1:place w:st="on">Washington</st1:place></st1:State>.</SPAN></P>]]></description><category>news</category><pubDate>Sun, 02 Dec 2007 00:00:00 MST</pubDate></item><item><title><![CDATA[Wesley House Senior Apartments Now Leasing]]></title><guid>http://www.missionfirst.com/news/newsandarticles_article.php?DID=10</guid><link>http://www.missionfirst.com/news/newsandarticles_article.php?DID=10</link><description><![CDATA[<P>In partnership with Union Wesley </P>]]></description><category>news</category><pubDate>Tue, 03 Jun 2008 00:00:00 MST</pubDate></item><item><title><![CDATA[Now Leasing: Wesley House Senior Apartments]]></title><guid>http://www.missionfirst.com/news/newsandarticles_article.php?DID=11</guid><link>http://www.missionfirst.com/news/newsandarticles_article.php?DID=11</link><description><![CDATA[<DIV class=MsoNormal style="MARGIN: 0in 0in 0pt" align=justify><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">The brand new Wesley House Senior Apartments is now leasing - <SPAN style="FONT-WEIGHT: bold; TEXT-DECORATION: underline"><SPAN style="FONT-WEIGHT: normal">contact property manager </SPAN><SPAN style="FONT-WEIGHT: bold; FONT-SIZE: 8pt; FONT-FAMILY: Arial; TEXT-DECORATION: underline"><SPAN style="FONT-WEIGHT: normal">Shaneque Wofford at </SPAN><SPAN style="FONT-WEIGHT: bold; FONT-SIZE: 8pt; FONT-FAMILY: Arial; TEXT-DECORATION: underline"><SPAN style="FONT-WEIGHT: normal">202-832-7020</SPAN> </SPAN></SPAN></SPAN>for more information or to schedule an appointment.</SPAN></DIV>
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<P class=MsoNormal style="MARGIN: 0in 0in 0pt" align=center><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial"><IMG style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" height=279 alt="" src="http://www.missionfirst.com/images/upload/wesleyfront.jpg" width=448></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt" align=justify><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial"></SPAN><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">&nbsp;</SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt" align=justify><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">The Wesley House Senior Apartments is a new development completed in July 2008 located in the Fort Lincoln New Town community of <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:place w:st="on"><st1:City w:st="on">Washington</st1:City> <st1:State w:st="on">D.C.</st1:State></st1:place> The 127-unit building offers spacious one and two bedroom units, some with dens, double height ceilings, and all with much natural light. Backed by a nature reserve, the site is </SPAN>very quiet and scenic, with outdoor walking paths in the rear. The project is targeted to serve senior citizens, aged 62 and older, on modest fixed incomes ranging from $35,000 to $53,000 per year. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt" align=justify><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial"><o:p>&nbsp;</o:p></SPAN></P><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">
<P class=MsoNormal style="MARGIN: 0in 0in 0pt" align=justify><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Wesley House offers a grand community room, library, multi-purpose rooms, a community kitchen, laundry facilities, outdoor decks, an exercise room, and outdoor walking paths. <o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt" align=justify><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial"><o:p>&nbsp;</o:p></SPAN></P>
<DIV class=MsoNormal style="MARGIN: 0in 0in 0pt" align=justify><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">The 85 one-bedroom units range in square footage from 764-1,000 square feet, and 42 two-bedroom units range in square footage from 1,070 to 1,170 square feet. <SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial; mso-spacerun: yes">&nbsp;</SPAN>Each unit is heated and cooled individually and is cable and internet ready. The full kitchen includes extras such as microwaves and dishwashers. These spacious apartments feature fine finishes and features specifically designed for its future residents, such as grab bars, and emergency cable pulls.&nbsp;<SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial; mso-spacerun: yes">&nbsp;</SPAN></SPAN></DIV>
<DIV class=MsoNormal style="MARGIN: 0in 0in 0pt" align=justify><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial; mso-spacerun: yes"></SPAN></SPAN>&nbsp;</DIV>
<DIV class=MsoNormal style="MARGIN: 0in 0in 0pt" align=justify><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial; mso-spacerun: yes">Click on a link below for sample floorplans:</SPAN></SPAN></DIV>
<DIV class=MsoNormal style="MARGIN: 0in 0in 0pt" align=justify><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial; mso-spacerun: yes"><A href="/images/upload/1bedroom_A.pdf">1 Bedroom (760 sq ft - Type A)</A></SPAN></SPAN></DIV>
<DIV class=MsoNormal style="MARGIN: 0in 0in 0pt" align=justify><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial; mso-spacerun: yes"><A href="/images/upload/1bedroom_B.pdf">1 Bedroom (986 sq ft -&nbsp;Type B)</A></SPAN></SPAN></DIV>
<DIV class=MsoNormal style="MARGIN: 0in 0in 0pt" align=justify><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial; mso-spacerun: yes"><A href="/images/upload/1bedroom_H.pdf">1 Bedroom (760 sq ft -&nbsp;Type H, Handicap Accessible)</A></SPAN></SPAN></DIV>
<DIV class=MsoNormal style="MARGIN: 0in 0in 0pt" align=justify><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial; mso-spacerun: yes"><A href="/images/upload/2bedroom_C.pdf">2 Bedroom (1,170 sq ft -&nbsp;Type C)</A></SPAN></SPAN></DIV>
<DIV class=MsoNormal style="MARGIN: 0in 0in 0pt" align=justify><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial; mso-spacerun: yes"><A href="/images/upload/2bedroom_J.pdf">2 Bedroom (1,000 sq ft -&nbsp;Type J, Handicap Accessible)</A></SPAN></SPAN></DIV>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt" align=justify><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial"><o:p>&nbsp;</o:p></SPAN></P>
<DIV class=MsoNormal style="MARGIN: 0in 0in 0pt" align=justify><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">All units are <st1:City w:st="on"><st1:place w:st="on">ADA</st1:place></st1:City> compliant and handicap adaptable.<SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial; mso-spacerun: yes">&nbsp; </SPAN>Additionally, fifteen percent of the units are fully handicap accessible, while two percent are accessible to hearing and visual impaired residents. The building accommodates handicapped residents via handicapped units and elevator access.</SPAN></DIV>
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<DIV class=MsoNormal style="MARGIN: 0in 0in 0pt" align=justify><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial"><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">&nbsp; </DIV>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">To find out about leasing options please contact the Fort Lincoln Realty leasing office at:<o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt" align=justify><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial"><o:p><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">&nbsp;</SPAN></o:p></SPAN></P>
<DIV class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Shaneque Wofford</SPAN></DIV>
<DIV class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Wesley House Senior Apartments<o:p></o:p></SPAN></DIV>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">3400 Commodore Joshua Barney Drive, NE<o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Washington, D.C. 20018<o:p></o:p></SPAN></P>
<DIV class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">202-832-7020</SPAN></DIV>
<DIV class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial"><A href="http://maps.google.com/maps?f=q&amp;hl=en&amp;geocode=&amp;q=3400+Commodore+Joshua+Barney+Dr+NE,+Washington,+District+of+Columbia,+District+of+Columbia+20018&amp;sll=38.929169,-76.954572&amp;sspn=0,359.980774&amp;g=3400+Commodore+Joshua+Barney+Dr+NE,+Washington,+District+of+Columbia,+District+of+Columbia+20018&amp;ie=UTF8&amp;ll=38.923827,-76.954572&amp;spn=0.010684,0.019226&amp;z=16&amp;iwloc=addr">Location Map (click here)</A></SPAN></DIV>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial"><o:p><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">&nbsp;</SPAN></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Income restrictions do apply. Head of household must be at least 62 years of age or older.</SPAN></SPAN></P></SPAN>
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<DIV align=justify></SPAN><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Union Wesley Housing Development Corporation, a non-profit affiliate of Union Wesley AME Zion Church of Washington, developed this $21 million, 150,000 square foot development through in partnership with the Fort Lincoln New Town Corporation. This project was conceived in 1990, by the late Pastor Wesley Bowden whose goal was to provide safe, high quality affordable housing to seniors within the church and larger community.&nbsp; </SPAN></DIV>
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<DIV align=justify><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">The <SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">development team included Union Wesley Housing Development Corporation, MissionFirst Development, and Fort Lincoln New Town Corporation. <SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: Arial; mso-spacerun: yes">&nbsp;</SPAN>This project was financed by the D.C. Department of Housing and Community Development, D.C. Housing Finance Agency, and Apollo Equity Partners.</SPAN></SPAN><SPAN style="FONT-SIZE: 8pt">&nbsp;</SPAN></DIV>]]></description><category>news</category><pubDate>Tue, 02 Sep 2008 00:00:00 MST</pubDate></item><item><title><![CDATA[Semidetached Townhomes Now Selling in Southeast Washington D.C.]]></title><guid>http://www.missionfirst.com/news/newsandarticles_article.php?DID=9</guid><link>http://www.missionfirst.com/news/newsandarticles_article.php?DID=9</link><description><![CDATA[<DIV class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">New townhomes are now selling at <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:Street w:st="on"><st1:address w:st="on">Benning Road</st1:address></st1:Street> and <st1:Street w:st="on"><st1:address w:st="on">H Street SE</st1:address></st1:Street>, in the <st1:PlaceType w:st="on">Fort</st1:PlaceType> <st1:PlaceName w:st="on">Dupont</st1:PlaceName> neighborhood of <st1:place w:st="on"><st1:City w:st="on">Washington</st1:City> <st1:State w:st="on">DC</st1:State></st1:place>. MissionFirst is&nbsp;completing&nbsp;a total of&nbsp;eight 3-bedroom semi-detached townhouses with rear off-street parking and generous front and rear yards.&nbsp; There are five units currently available, priced at $319,000.&nbsp; Units include central air and kitchens with granite countertops and stainless steel appliances.&nbsp;&nbsp;Partially finished basements&nbsp;are ideal for conversion to family room or media room.</DIV>
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<DIV class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">Contact Ernest Knight with Next Century Realty: 202-438-7611.&nbsp; Equal Housing Opportunity, HPAP Welcome.</DIV>
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<DIV class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">MissionFirst is developing the lots in partnership with the District of Columbia Home Again Initiative, a subsidiary of the Department of Housing and Community Development, which facilitates the rehabilitation and construction of affordable housing through the disposition of vacant lots and abandoned dwellings.<SPAN style="mso-spacerun: yes">&nbsp; </SPAN>City First Bank of DC is the construction lender.<o:p></o:p></DIV>
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