WASHINGTON, DC-Henson Ridge–the 124-unit multifamily development that will occupy the spot where the Frederick Douglass/Stanton Dwellings Public Housing facility once stood–gets a much-needed boost for its funding with the District of Columbia Housing Finance Agency’s recent closing on more than $8.2 million in tax-exempt mortgage revenue bonds. Units in this affordable housing project will be reserved for families with household incomes that are equal to or less than 60% of the area median income.

Henson Ridge will be constructed in a series of phases, with the first phase already underway. Phase one of Henson Ridge will result in 124 townhouse-style residences. Ultimately, the housing complex–which is designed to help fill the void of affordable four- and five-bedroom housing–will offer 280 rentals, and 320 townhouses and duplexes for sale to qualifying families and seniors.

Frederick Douglas and Stanton Community Redevelopment LLC, a partnership of Mid-City Urban and Integral Properties LLC, is developing the property. “Henson Ridge is representative of the continuing commitment of HFA and the city to increase and improve the choices of affordable housing east of the river,” HFA executive director Milton Bailey says in a statement. HFA’s efforts do not stop with Henson Ridge. “We’re going to close on the final settlement on Capital Park Plaza and Twin Towers,” HFA’s Sharon Grindle tells GlobeSt.com. “This is a rehabilitation project on the waterfront in Southwest, and Interstate Business Corp. is behind the development and construction.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt. Multifamily Fall 2023Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.