Walker & Dunlop has secured just over $10 million in financing for the redevelopment of a historic property in the District of Columbia into affordable housing.
The loan will enable the Spring Flats project, a historic property known as The Hebrew Home in Northwest Washington D.C., to move forward with construction with a targeted summer 2020 completion.
The adaptive re-use project will convert the building that's located in the Petworth neighborhood, into 185 new affordable apartment units catering primarily to seniors and low-income residents, according to Walker & Dunlop.
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David Gialanella
David Gialanella, Editor-in-Chief, Business of Law and The American Lawyer, has been with ALM since 2010 in various roles. He previously managed the New Jersey Law Journal and oversaw all of ALM's regional brands. Reach him at [email protected].
