The 115-unit, amenity-rich development will
bring deeply affordable residences to the dynamic NoMa and Union
Market neighborhoods, renowned for their walkable amenities and
immediate access to downtown D.C.
The NRP Group, a vertically integrated, best-in-class developer,
builder, and manager of multifamily housing, in partnership with
Marshall Heights Community Development Organization, Inc. (MHCDO),
has closed on construction financing for Emblem, a 115-unit,
entirely affordable housing community in the middle of the thriving
NoMa and Union Market neighborhoods. The community will be entirely
reserved for families and individuals earning up to 30% and 50% of
the Area Median Income (AMI).
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Credit: PGN Architects, a Michael Graves
Company
“Breaking ground on Emblem is a resounding win for affordable
housing in Washington D.C.,” said Chris Marshall, Vice President
of Development at The NRP Group. “Together with our dedicated
partners, NRP and MHCDO have set the standard for bringing deeply
affordable housing to a high-profile, high-opportunity
neighborhood. Emblem has been designed to provide housing for the
District’s working professionals, particularly service and
hospitality professionals who might otherwise endure long commutes
from home to work. This community will enable them to live closer
to work as well as the area’s many walkable amenities, while also
fostering a spirit of inclusivity within the neighborhood.”
Located at 301 Florida Avenue NE, Emblem will be built on a
triangular 2/10-acre site in the heart of the District and just
over one mile from the U.S. Capitol Building. Future residents will
be within walking distance of the city’s Metro system and two
high-frequency bus lines, allowing easy access to employment,
education and recreation opportunities.
The 13-story, flatiron apartment building is immediately
adjacent to the Union Market District, home to renowned dining,
trendsetting boutiques and dynamic nightlife. The building is also
within walking distance of several grocery stores, high-performing
schools and the Metropolitan Branch Trail serving commuters and
recreation-seekers alike.
“Emblem represents Washington D.C.'s efforts to address the
long-standing need for affordable housing and ensure its equitable
distribution across all Wards,” said Babatunde Oloyede,
president and CEO of Marshall Heights Community Development
Organization. “This new community will both enhance the
neighborhood’s dynamic atmosphere and provide much-needed
affordable housing. MHCDO has served under-resourced neighborhoods
in D.C. for over 45 years and is honored to collaborate with The
NRP Group on this project, setting a precedent for quality
affordable housing in high-opportunity neighborhoods."
“Mayor Bowser has charged all of us across the public and
private sectors to work together to create affordable housing
throughout DC, especially in high-opportunity neighborhoods,”
said Deputy Mayor Albert. “Emblem is an exciting new project
that will welcome residents to this growing and vibrant area of our
city.”
"It can take a variety of financial resources layered upon one
another to create new affordable housing units,” said Colleen
Green, Director of the DC Department of Housing and Community
Development. “In the end, it’s worth it when projects like
Emblem produce new affordable rental units for District residents
with nearby amenities that can aid in their quality of life. One of
our goals when investing in an affordable housing project is to
ensure that District residents can stay in the city.”
“Emblem represents the 21st project in the DC Housing Finance
Agency’s risk share portfolio and the first transaction that we
have completed with The NRP Group and NRP’s first affordable
housing deal in the District,” said Christopher E. Donald,
Executive Director, and CEO of the DC Housing Finance Agency.
“We are excited to work with them on the continued transformation
of the NoMa neighborhood. The project will add deeply affordable
units to a rapidly growing and changing neighborhood to ensure that
economic and social diversity can continue to exist.”
A variety of on-site amenities will be available to Emblem
residents, including a dedicated toddler playroom, an oversized
bike storage room, and a multi-purpose community room. The
community center will serve as a hub for resident services and
events, fostering a sense of community and providing a space for
gatherings, workshops and other activities that promote resident
engagement and well-being. Resident service workshops will include
targeted financial service training as well as entrepreneurship and
economic mobility programming for individuals striving for
self-sufficiency, ensuring they have the tools and support
necessary to thrive.
Emblem's financial partners include DC Housing Finance Agency
(DCHFA), Department of Housing and Community Development (DHCD), DC
Housing Authority (DCHA), DC Green Bank, and Bank of America. The
development team is grateful for the timely and responsible reviews
from DC Water, the DC Department of Buildings, and the District
Department of Transportation to ensure that this project started
construction within the necessary timeline.
Construction will begin in 2024, and Emblem is expected to be
completed in 2026.
About The NRP Group
The NRP Group is a vertically integrated developer, owner,
builder, and manager of best-in-class multifamily housing with a
mission to create exceptional rental housing communities for
individuals and families, regardless of income. Since its founding
in 1994, NRP has developed more than 50,000 apartment homes and
currently manages over 25,000 residential units.
Through its disciplined approach to vetting opportunities, NRP
has established a track record of delivering impressive returns for
investors. The company’s formidable size and depth of talent
provide the experience and infrastructure necessary to execute
developments of varying degrees of complexity and scope in both
urban-infill and suburban locations, including market-rate,
affordable, mixed-income, and senior housing.
The NRP Group is consistently ranked in the Top 10 largest
developers and builders in the U.S. by the National Multifamily
Housing Council and by Affordable Housing Finance. The NRP Group is
a winner of the National Association of Home Builders Multifamily
Pillars of the Industry award for “Builder of the Year,” and a
four-time recipient of the same award for “Development Firm of the
Year.” The NRP Group has become the top multifamily developer in
the U.S. that creates both affordable and market-rate housing at a
national scale. Based on its nearly 30 years of experience and
expertise, NRP now provides construction and property management
services to outside owners and developers. For additional
information, visit www.nrpgroup.com.
About Marshall Heights Community Development
The Marshall Heights Community Development Organization, Inc.
(MHCDO) is a non-profit organization dedicated to community
development in Ward 7 of Washington, DC, since 1979. MHCDO aims to
increase affordable housing, expand economic opportunities, and
improve the quality of life for individuals and families. For over
45 years, MHCDO has emphasized self-sufficiency, launching numerous
initiatives to empower District residents.
MHCDO employs an integrated approach to community building,
leveraging public and private resources for housing and economic
development projects. The organization provides employment,
education, emergency, and other services to enhance
self-sufficiency and residents' quality of life. MHCDO partners
with private sector investors, government agencies, foundations,
and small organizations, supported by an experienced staff, skilled
consultants, and a broad community-based board of directors. Its
success is rooted in community governance, collaborations, and a
holistic approach to economic development.
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Media: Alana Zeilander Antenna Group
nrpgroup@antennagroup.com