The Appleton is a $29.8 million adaptive reuse of the historic Old Hebrew Home for the Aged in Washington, DC, creating 88 affordable, age-restricted (62 and older) apartments, including 75 one-bedroom and 13 two-bedroom apartments reserved for tenants at 30% – 50% of Area Median Income or less.
The project is part of the larger Spring Flats Master Development, a mixed-income development in the Petworth neighborhood of Washington, DC on parcels of surplus land owned by the District of Columbia (District). Through the DC Deputy Mayor’s Office of Planning and Economic Development, the District selected Victory Housing, Inc., Brinshore Development, LLC and Bank of America CDC (“Development Team”) to jointly undertake the development using 4 and 9 percent Low-Income Housing Tax Credits (Housing Credits). Community support was integral to the selection of the project concept, as the local Area Neighborhood Commissions chose to endorse the Development Team’s proposal. Syndication was provided by Boston Financial and investment by J.P. Morgan Chase.
The project design was tailored to the needs of senior residents and proximity to public transportation and a neighborhood-setting that boasts walkability make Spring Flats a transit-oriented development.
Social and health services are provided to all residents on-site and off-site, in partnership with an extensive network of local non-profits and health service providers and are tailored to allow residents to “age-in-place” as needs and interests change.