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THE LINDLEY: Innovative Financing, Multifamily Excellence

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Presentation on theme: "THE LINDLEY: Innovative Financing, Multifamily Excellence"— Presentation transcript:

1 THE LINDLEY: Innovative Financing, Multifamily Excellence
Innovative Financing in Mixed-Income Development  Key Features Only Public Housing Authority in the country to secure private equity in a property transaction while retaining principal control and ownership Increased density on previously underutilized site comprised of 68 units where sale of portion of property yielded equity proceeds to fund the multifamily development of new 200-unit luxury property Increased affordable units directly adjacent to public investment in future Purple Line light rail transit station HOC built new half-acre public park and green space above underground parking garage Located within high-performing Blue Ribbon Bethesda-Chevy Chase school cluster and adjacent to future restaurants and retail, including a grocery store All three-bedroom units restricted affordable to provide families with children greater access to one of the highest performing school clusters in the country High-end amenities and unit finishes available to all residents including rooftop lounge and terrace, concierge, glass-enclosed yoga studio, fitness center with Peloton® bike, and Amazon package lockers Key Partners


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