APAH is moving closer to starting construction on its first project in the District of Columbia. We are pleased to announce that we have building permit approval and expect to start construction in the first quarter of 2023. APAH submitted for an expedited permitting review, known in D.C. as the Velocity track, which shortened the permitting review timeline with Department of Buildings (DOB) to about 5 months. Building permit is one of the final items to be completed prior to construction start and we are pleased to announce that it will complete ahead of schedule. Next, APAH will finalize the remaining financing to proceed to closing. Construction is expected to last until 2025, when the first residents will start to move in.
The project will consist of 93 affordable homes for seniors in the Riggs Park neighborhood, near the Fort Totten metro station. The apartments will be located on land originally owned by the D.C. government after a street intersection was reconfigured to eliminate a slip lane, thus freeing up extra land for housing. The project will be located next to 90 market rate townhomes built by EYA.