Piney Branch, NW and 2nd Street, NE- Affordable Housing, Tax Credits
Piney Branch Apartments – Piney Branch Road, NW
· Part of 2nd LIHTC pool.
DDiDistrict of Columbia (DHCD) acquisition funding in 2011,
9% Tax Credit in 2012. Building completed and tenants returned in 2015.
OneOne of several buildings in the 2nd LIHTC pool.
MilMilestone Apartments - 2nd Street N.E.
· Part of 2nd LIHTC Pool; 13 buildings, 52 total units.
· Acquired by tenants in 2005 with District of Columbia (DHCD) acquisition funding. Project languished for seven years. BP began work with coop in early 2012 resulting in successful application for 9% Tax Credit in mid-2012. Building completed and tenants returned in 2015.
· BP acted as co-developer and tenant consultant.