The Commons at Stanton Square - Washington, D. C.
CSH provided $5.1 million in NMTC financing to Horning Brothers through LISC’s Health Futures Fund to develop a new 11,300 behavioral health center. The health center will be leased and operated by Community of Hope, a Federally Qualified Health Center (“FQHC”) and Supportive Housing provider. The Project is part of a larger mixed use development known as the Commons at Stanton Square which will include a 42,000 SF facility to be operated by Martha’s Table to provide early childhood education, nutrition, healthy eating, wellness, and after-school programs; 121 affordable apartments (of which 108 units will be affordable to those at or below 50% of AMI and 13 of which will be Supportive Housing units affordable to those at or below 30% of AMI); and 42 market rate townhomes. The development will be built to LEED Silver standards and will allow Community of Hope to serve 1,173 low-income patients annually with mental health counseling, employment and job training services, homelessness prevention services, health insurance enrollment, and general case management. This transaction closed on 5/22/17 and is under construction.
About Community of Hope
Community of Hope’s mission is to create opportunities for low-income families in Washington, DC, including those experiencing homelessness, to achieve good health, a stable home, family-sustaining income, and hope.
Caring for Families. Improving Lives. Leading Change.
2016 New Markets Tax Credits Allocation
In November 2016, CSH was awarded $65 million in NMTC allocation for Round 13 to finance health centers and social service facilities that serve homeless and high-health need clients and Supportive Housing residents. We have invested this NMTC allocation in five projects.
Under Construction as of 5/17
Behavioral Health Center
$5.1 Million New Markets Tax Credit