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DC's Barry Farm Redevelpment Clinches Government Financing

June 10, 2024

The District’s housing finance agency issued over $61 million in bonds and underwrote $52 million in housing tax credits toward a 139-unit building at the project site late last month

Washington, D.C.’s massive Barry Farm redevelopment has secured new financing for part of project’s second construction phase. The District of Columbia Housing Finance Agency (DCHFA) late last month issued $61.1 million in tax-exempt bonds and underwrote $52 million in federal Low-Income Housing Tax Credit equity toward the development of The Edmonson, a four-story, 139-unit affordable housing complex in Barry Farm, a historically Black neighborhood in Southeast D.C.

Construction on the long-awaited, if somewhat controversial, redevelopment commenced in 2022 after years of delays. The project site is owned by the District of Columbia Housing Authority, and is being developed by a partnership between the agency and Preservation for Affordable Housing, a Boston-based firm specializing in low-income projects. 

read the Commercial Observer article