Portfolio
The SeVerna
Washington D.C.

Description

  • 60 units of affordable housing
  • New construction in a mid-rise building and 2-over-2 townhouses
  • Mix of studio, 1, 2, 3, and 4 bedroom units
  • Designed to meet Enterprise Green Communities
  • Part of revitalization efforts of Northwest One New Communities
  • Will allow relocated residents the right to return

Owner
SeVerna LLC

Developer
Golden Rule Apartments, Inc.
Mission First Housing Development Corporation
The Henson Development Company

Architect
Grimm + Parker Architects

General Contractor
Hamel Builders, Inc.

Management
Columbus Property Management & Development, Inc.

Funding Partners

  • PNC Bank
  • Office of the Deputy Mayor for Planning and Economic Development
  • DC Department of Housing and Community Development
  • District of Columbia Housing Authority
  • District of Columbia Housing Finance Agency
  • Self-Help Credit Union
  • U.S. Department of Housing & Urban Development

Description
The vision for The SeVerna began many years ago with Apostle Smallwood E. Williams and Mother Verna L. Williams, the founders of the Bible Way Church. A cornerstone in the Northwest One community, Bible Way Church and its affiliate nonprofit corporation, Golden Rule Apartments, Inc., have been an integral part of the neighborhood’s revitalization.

The SeVerna consists of a five story building along First Street NW, connecting to two-over-two townhouses along L Street NW. The townhouses contain larger three and four bedroom units in an environment more suited to families, while the mid rise offers studio, one, two, and three bedroom units. A community room is located on the ground floor of the building. An added bonus, the entire SeVerna project incorporates sustainable design principals.

Thanks to collaboration between Mission First Housing Development Corporation, The Henson Development Company, and Golden Rule Apartments, Inc., a total of $15.6 million in development funding was secured for the project, including LIHTC (9%) equity and construction-perm financing from PNC Bank, New Communities funds from the DC office of the Deputy Mayor for Planning and Economic Development (DMPED), gap funding from DC Office of Housing and Community Development (DHCD), and capital grant funds from the DC Housing Authority (DCHA).

 
 Mission First HDC | 1330 New Hampshire Ave NW, Suite 116 | Washington, DC 20036 | 202.223.9785 (office) | 202.223.9750 (fax)
 Copyright 2011. Mission First Housing Development Corp. All rights reserved.