Maycroft Apartments
Units
$410,000
Purchase Price in 1994
MAG & Peak Properties
Location
1474 Columbia Road NW
- Sold to Jubilee Housing who committed to retain project as affordable housing for low and moderate income renters utilizing DHCD, LIHTC and NMTC funding
- First Floor commercial area leased to a Labor Department Funded Training Program for Tradesmen
- Project IRR was approximately 40% at refinancing in 2006