Completed Project

Roundtree Residences

In partnership with Allen Chapel AME Church and NHP Foundation, IDS and CSMI completed the development of Roundtree Residences, a senior living facility.

The project was named after Dovey Johnson Roundtree, an African-American civil rights activist, ordained minister, and attorney.

The facility features a total of 91 units. All of the units will be affordable, with income limits of 60% of median income. The project includes amenities such as: cafe, club room, game room, coffee shop, library, computer lab and fitness center. Financing is from LIHTC, New Issue Bonds, NIF and HOME Funds from DHCD. Construction Financing is provided by Bank of America with the permanent loan from PNC and Freddie Mac.

Project Highlights

  • 94,000 SF, 91 Units

  • New Construction

  • Affordable Senior Apartments

  • Developed by NHP Foundation in partnership with Vision of Victory CDC and District Development Group

  • 2013 Affordable Housing Conference of Montgomery County Award, 1st Place Green

  • Honorable Mention, Affordable Housing Tax Credit Coalition, The NHP Foundation

  • Green Communities Certified