DCHFA established the HIP as a platform for innovative investments that increase the agency’s support of the D.C. housing market outside of traditional bond and tax credit financing. The program was launched in August 2017 at the groundbreaking of its first project Elvans Road Townhomes. The five townhomes constructed at Elvans Road were delivered in June 2018. Utilizing the multitude of financing options offered by Alexis Vining from Sandy Spring Bank, all five homes sold before the project was completed.

H2DesignBuild and City First Bank were the agency’s development partners on Elvans Road Townhomes. Homebuyers may use DCHFA’s DC Open Doors mortgage products, Mortgage Credit Certificate and/or the Home Purchase Assistance Program (HPAP) toward the purchase of Cynthia Townhomes. The project represents an opportunity to stimulate development in a transitioning neighborhood before future developments are priced into the cost of housing. HIP is an extension of DCHFA’s mission of stimulating and providing expanded homeownership opportunities in Washington, D.C.

Your new home awaits.