Wesley Housing Development Corp Buys Brookland Multifamily Property For $6.6M
An 80-unit affordable housing community in the Brookland neighborhood has sold for $6.6M.
The property, made up of 12 three-story buildings, is at 617 Hamlin St NE. It was built in 1950 and is comprised entirely of one-bedroom units.
Wesley partnered with the tenants association to acquire the property through TOPA. It plans to substantially renovate the buildings and has received construction financing from the DC Department of Housing and Community Development and Enterprise Community Partners.