The Modern at Art Place

Reference:

• The Morris and Gwendolyn Cafritz Foundation
• Jane Cafrtiz
•  jliptoncafritz@gmail.com
•  202-744-3338

Development Program

• 520 Mixed-income Multigenerational Unit Development
• 141 Affordable Units (98 Units Dedicated to Seniors)
• 379 Market Rate Units
• 261,852 SF Housing Units
• 104,815 SF Commercial Development

Total Development Budget

• $178,628,469 Million

Financing Structure

• Freddie Mac Forward Commitment Taxable Bonds
• Developer’s Equity

Services Provided

• Entitlements
• Financing
• Development
• Construction Management
• Asset Management