Grand Opening for Samuel J Simmons Estates, Washington, DC
On May 3, DMA Development — along with its partner the National Center and Caucus on Black Aged, Inc. (NCBA) — celebrated the re-dedication of Samuel J. Simmons Estates, a 175 affordable senior development in Washington, DC.
DMA and NCBA collaborated in the redevelopment of this 10-story multifamily structure, which was originally built in 1981. Financed with New Issue Bonds from the DC Housing Finance Corporation and 4% Housing Credits issued by DC and purchased by Boston Capital, the partners accomplished a major reconstruction of this former HUD Section 202 project. Construction commenced in January 2011 and was completed in January 2012.