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Capitol Vista Washington, DC

Capitol Vista | 810 New Jersey Ave NW (Washington, DC)

Co-development of a $60MM 104-unit LIHTC project in 2020 in partnership with Dantes Partners, Bailey Holdings, and Spectrum Management

Project Description

The Menkiti Group co- developed the Capitol Vista project with an experienced development team that includes Dantes Partners, Bailey Holdings, and Spectrum Management. Site control was obtained via a ground lease with the District of Columbia and was developed into 104 affordable housing units at 30% and 50% AMI. The project brought much needed affordable housing to the Mount Vernon Triangle neighborhood.

The project was financed using Low-Income Housing Tax Credit (LIHTC), Housing Production Trust Fund financing, and tax exempt bonds. The development commenced construction in October 2018 and delivered Q4 2020.

Project Highlights

Best in American Living Platinum, Affordable Multifamily by National Association of Home Builders (NAHB)

Project Type

Affordable Housing, Mixed-Use

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