2530-2532 Park Place SE
About the project
WC Investments was founded in 2014 by Josh Wilson. The firm has worked on seven developments, totaling 150 units, across the District. Many of these deals included the assignment of TOPA rights in order to maintain the building as affordable.
WC Investments in based in Washington, DC, with a focus on southeastern DC.
LISC provided WC Investments a $1.65 million acquisition loan through LISC DC's Preservation Fund to purchase 2530-2532 Park Place SE, an existing affordable rental building with 21 units. Located in the Randle Highlands neighborhood, the property is on the border of LISC DC's Elevating Equity target area. The building will include 11 units affordable to households making no more that 80% of AMI. The borrower intends to rehabilitate vacant and occupied units.
Partner:
WC Investments
Location:
Washington, DC
Total Investment:
$1.65 million
Results:
21 units
Social Bond Category:
Affordable Housing
Specialized Funding Source:
DC Preservation Fund
Product:
Acquisition loan
UN SDGs:
