Posted by Jill Norcross on June 09, 2009 at 11:29:06:
HAND Member Affordable Housing Survey Results
Spring 2009
23 Developer/Owners of Affordable Housing Responded to the Survey
Total Number of Units Developed/Owned: 26,482
Affordable Units (120% AMI): 785
Total Development Cost (at time of construction): $2,055,114,926
Total Number of Units in D.C.-Maryland-Northern VA: 19,721
Location of Units
Virginia: 7272
D.C.: 5034
Maryland: 7415
Rental: 25,654
Homeownership: 1,720
2008 Production
Units Developed: 1827
Total Development Cost: 232,513,982
Per Unit: 127,265.45
Public Dollars Invested: 53,943,179.00
LIHTC Equity Invested: 89,918,675.00
Rental 2008
Affordable Rental: 1761
Workforce Housing Rental: 79
Market Rate Rental: 20
Studio/SRO: 113
1 Bedroom: 802
2 Bedroom: 332
3 Bedroom: 40
4+ Bedroom: 6
Northern Virginia: 380
D.C.: 135
Maryland: 1285
Homeownership 2008
Affordable Homeownership: 75
Workforce Homeownership: 33
1 Bedroom: 44
2 Bedroom: 29
3 Bedroom: 34
4 Bedroom: 1
Northern Virginia: 10
D.C.: 78
Maryland: 21
www.handhousing.org June 1, 2009