In keeping with its name, Victory Housing is committed to winning for its residents, its supporters and the community it serves. Since 1979, Victory Housing has operated as the Catholic Archdiocese of Washington’s nonprofit development arm for affordable housing in the D.C. Metropolitan region.

Missioned to build, acquire, renovate, manage and operate affordable housing – and related services – for low- to moderate-income seniors and low-income families, Victory Housing owns 29 communities, comprised of almost 2,000 apartments.

Recently, the developer opened another apartment community located in the city of Rockville, a municipality known to have a marked need for affordable housing.  Victory Court was officially dedicated on October 24, 2013. An 86-unit mixed-income apartment community for seniors 62+, Victory Court provides upscale living for seniors needing affordable housing.  The property provides 45 one-bedroom apartments for households earning 50% or below of AMI and 20 two-bedroom apartments with households earning at or below 80% of AMI. The remaining apartments are leased as market rate units.

The property was made possible through collaboration with community and fiscal partners, such as Montgomery County Department of Housing and Community Affairs, the Housing Opportunities Commission of Montgomery County and Capital One, North America.

Aside from its affordability and close proximity to Rockville Town Square, the Rockville Metro and MARC stations and other amenities, the developers worked very hard to create a “home” like atmosphere at Victory Court by providing the residents activities seniors come to need and expect within a comfortable home-like setting. The property provides its residents a well-rounded lifestyle experience by providing an on-site library, community room, café, arts and crafts room, wellness center and exercise room.

Victory Housing finds its HAND membership an invaluable resource in helping it deliver on its mission. Due to the informational sessions, communications and networking opportunities HAND provides, Victory Housing has learned a great deal about the broader affordable housing community within the region.

HAND is pleased to spotlight Victory Housing, which certainly contributes to our organization’s COLLABORATION, INNOVATION, and TRANSFORMATION for the metropolitan area!

Dantes Partners offers a variety of services to the Washington, D.C.  affordable housing community. The company’s success is driven both by its technical expertise and its ability to extract value in even the most complex transactions. Such was the case with a slate of affordable housing properties the Dantes Partners recently worked on in order to create affordable homes for a variety of people in need, ranging from seniors to renters with low-incomes to professionals looking to purchase a home.

With partner Roadside Development, Dantes Partners is currently constructing a 90-unit senior housing development within a mixed-use property, which includes direct access to a new Giant grocery store and public transportation. As developer/owner Dantes Partners identified and closed the acquisition financing and the structured financing. The company also used a wide array of additional funding tools to make this development a reality, including LIHTC, soft debt from the Department of Housing and Community Development, and tax exempt bonds from DC Housing Finance Agency.

Notably, Dantes Partners recently won D.C.’s solicitations for proposals for the acquisition and development of a 36-unit for-sale multifamily property. Originally abandoned, the building was in need of substantial renovation. By using private equity and conventional debt, Dantes Partners has transformed the building into a green, transit-oriented, affordable and workforce condominium community.

Since its founding, Dantes Partners and its Managing Principal and Founder Buwa Binitie have closed more than $225 million of unconventional real estate transactions and created more than 700 workforce and affordable housing units.

Buwa Binitie (pictured above), Managing Principal and founder of Dantes Partners, noted “We have been successful in adding value beyond the numbers to these properties.”

The company has found that its HAND membership is invaluable, specifically the HAND-sponsored trainings and insights into market dynamics.

HAND is pleased to spotlight Dantes Partners, who certainly contribute to our organization’s COLLABORATION, INNOVATION, and TRANSFORMATION!

The George Mason University Center for Regional Analysis (CRA) is pleased to announce the release of a new working paper entitled, “Outlook for the I-95 Corridor in Fairfax and Prince William Counties.”  This paper examines the current situation in the corridor, documents forecasted land use, transportation, and economic growth patterns, and identifies critical issues for consideration by local and regional policymakers.The paper can be downloaded by clicking here.

Other CRA research and working papers can be downloaded here: http://cra.gmu.edu/research-reports/