WASHINGTON, DC - The NHP Foundation (NHPF), in partnership with CHV ownership entities—Change All Souls Housing Corp. and the Columbia Heights Village Tenants Association (CHVTA) announced the development of 1425 Harvard Street NW, the former parking lot of Columbia Heights Village apartments.
The ownership group closed on construction financing in July 2025 and construction began shortly thereafter. When completed in mid-2027, the development will deliver a new seven-story, 108-unit affordable housing community designed by Shalom Baranes Associates, PC, and built by McCullough Construction, LLC, bringing critically needed homes to one of Washington, D.C.'s most cost-burdened neighborhoods.
The 108-unit Harvard Court development is backed by a strong public-private partnership. The District of Columbia Housing Finance Agency (DCHFA) issued $48.26 million in tax-exempt bonds and underwrote more than $41 million in federal and DC Low-Income Housing Tax Credit (LIHTC) equity. Financing partners include Hudson Housing Capital, Bank of America, DCHFA, and the DC Department of Housing and Community Development (DC DHCD).
DC DHCD further strengthened the project with $24.29 million from its Housing Production Trust Fund 2022 NOFA, ensuring Harvard Court plays a major role in advancing the city's affordable housing pipeline.
"This development reflects NHPF's strategy of leveraging underutilized land within our existing portfolio to maximize housing production in ways uniquely designed for specific neighborhoods," said Eric Price, President & CEO of NHPF, "It is exactly the kind of creative solution we need in high-cost areas like Columbia Heights."
Harvard Court will deliver 100% affordable apartments, expanding opportunities for families and individuals at a range of incomes.
Located in the heart of Columbia Heights, Harvard Court responds to skyrocketing rents and displacement pressures by ensuring long-term affordability. The project will complement the existing Columbia Heights Village community, preserving neighborhood diversity while adding new homes and amenities.