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PROJECTS
Maycroft Apartments - Affordable Housing - Columbia Heights
Maycroft.jpeg

Developed by Maycroft, LLC including Ernest Marcus as co-managing member.

  • 66 apartments total and 5,000 sq.ft. non-profit office

  • Turnaround of project with chronic crime, delinquencies and vacancies

  • FNMA financing

  • Utilization of former storage space in basement for non-profit use which provided needed social services to the community

  • Preparation of detailed Hardship Petition per D.C. rent control regulations

  • Negotiations with tenant organization for preparation of a Voluntary Agreement per D.C. rent control regulations.

  • Sold to non-profit housing provider who will retain as affordable project. Major donation made to purchaser to assist in financing. Michael Milliner acted as project manager for the buyer.

5614 Connecticut Avenue, N.W.  #330 

Washington, DC 20015

Phone 202.797.2800
Email info@bp-dc.com

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