Park Morton

About the project

The Community Builders, Inc. (TCB) is a leading nonprofit developer of mixed-income housing in the United States. TCB's mission is to build and sustain strong communities where people of all incomes can achieve their full potential. TCB realizes their mission by developing, financing, and operating high-quality housing and implementing neighborhood self-help initiatives to drive economic opportunity for residents. TCB owns or manages apartments in 14 states and Washington, D.C. Dantes Partners is the development division of Dumas Collective founded in 2006. Dantes Partners is a Black Owned, Resident Owned, Certified Business Enterprise. Dantes Partners was founded with a mission to facilitate and enhance local urban economic development by designing and structuring innovative funding and financing solutions for affordable, workforce, and mixed-income housing and community-based real estate initiatives.

TCB is headquartered in Boston, MA. Dantes Partners is headquartered in Washington, D.C.

LISC provided a $1.20 million predevelopment loan for Phase 1 of the redevelopment of Park Morton, a 1960s public housing development in the rapidly-changing Park View neighborhood of D.C.’s Ward 1. Phase 1 will deliver 43 replacement public housing units, as well as 105 LIHTC affordable homes for families earning between 50%-80% MFI. LISC's investment will help preserve and create affordable family housing in a high-amenity, transit-accessible neighborhood that has seen significant economic and demographic change over the last decade. The new development will replace unsafe and unhealthy public housing and create new units for families that have called the neighborhood home for years. Park Morton residents are predominately African American, and their neighborhood has seen a 35% drop in Black residents over the last decade. Of the overall 148 units, 52 homes will be 2-BR, 3 homes will be 3-BR, and 1 home will be 4-BR, providing much needed family-sized housing in a high demand area of D.C.