Washington, D.C., Sept. 17, 2020 (GLOBE NEWSWIRE) — Within two weeks of its last deal closing, the District of Columbia Housing Finance Agency (DCHFA) has financed a second development. On September 15, DCHFA issued $19.1 million in tax-exempt bond financing and underwrote $8 million in four percent low income housing tax credit (LIHTC) for the construction of Spring Flats Family in Petworth (Ward 4).  “Petworth is now an amenity rich and highly sought after neighborhood where housing prices have increased rapidly. Investing in Spring Flats Family helps to ensure that residents at a range of income levels, including families will have the opportunity to live in and enjoy all this neighborhood has to offer,” stated Christopher E. Donald, Interim Executive Director, DCHFA.  Spring Flats Family will consist of 87 apartments with a mix of one, two and three-bedroom units with rents reserved at 30, 50 and 120 percent of area

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