Homes for America Debuts DC-Area Senior Community

The property comprises both market-rate and affordable units.

Image by Christian Bowen via Unsplash.com

Image by Christian Bowen via Unsplash.com

Homes for America, alongside the Housing Authority of Prince George’s County and the Foundation Development Group, has completed Homes at Oxon Hill, a 163-unit senior housing community in Oxon Hill, Md., near Washington, D.C.

Quinn Evans Architects was also part of the project, and Harkins Builds served as general contractor. Other partners include Soltesz Civil Engineering, Humphrey Management and Pando Alliance.

The age-restricted community comprises both market-rate and affordable units, the latter designated for residents earning at or below 60 percent of the area median income. The property is subject to a 99-year unsubordinated net ground lease held by the Housing Authority of Prince George’s County.

The five-story building incorporates one- and two-bedroom floorplans ranging between 613 and 1,044 square feet. Units include washers and dryers, kitchen appliances, walk-in closets and hardwood floors. The common-area amenities at Homes at Oxon Hill include a fitness center, a community room, a library, a community garden, a computer lab, an arts and crafts center, a game room, outdoor gathering spaces and walking paths.

Located at 4550 Wheelers Hill Road, Homes at Oxon Hill is situated in an Opportunity Zone, in metro D.C.’s Hillcrest Heights/Marlow Heights submarket. Adjacent to the Metro Green Line and the United Medical Center, Oxon Run National Park and the Metro Green Line, the property is located in an area with multiple dining options and retail centers.

Private and public financing

Financing for the project included the following, among others:

  • $24.6 million in tax exempt bonds provided by the Maryland Department of Housing and Community
  • $12.8 million of Low-Income Housing Tax Credits syndicated by Enterprise Community Partners
  • a $33 million construction loan from Citi Bank
  • $3.5 million in Rental Housing Works funds
  • $489,000 in MEEHA Grant funds
  • $1.5 million in HOME funds provided by Prince George’s County Department of Housing and Community Development

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