Housing Achievement Award Spotlight: Bass Circle Apartments
Within a five minute walk of the Benning Road Metro Station in Southeast D.C., the residents of Bass Circle Apartments are once again proud to call this 119-unit apartment community “home.” This was not always the case, however. Just a little while ago, the apartment building had fallen into significant disrepair with the owners defaulting on the mortgage and the property only partially occupied. It was then that the residents through their tenant association – along with the DC Department of Housing and Community Development – selected recognized developer Telesis as their partner in the extensive rehabilitation. With an innovative financing structure, Telesis was able to use federal funds and a creative mix of additional resources to revitalize the property, completing the needed repairs as well as other site enhancements such as energy-efficiency measures that exceeded the Enterprise Green Communities requirements. Today, Bass Circle Apartments is once again a cornerstone of the Marshall Heights neighborhood and HAND is proud to call it the Best Large Affordable Housing Project for 2015!
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