Howard Manor OverviewHoward Manor OverviewAlliance for Housing Solutions

May 15, 2013

Who We Are

Nationally recognized for innovative redevelopment projects

26 rental communities owned and/or developed in DC, MD and VA

Communities Units Residents Investment

26 4,300+ 9,300+ $550 M+

Howard Manor Overview

Property Location• 2001 N. Cleveland Street, Arlington VA.

• Located north of Lee Highway near Rosslyn Property Description

• Built in 1958 (approx.)

• 76 unit garden style apartment

• 1.82 acres consisting of 3 buildings

Development Summary• 9% LIHTC

• TDC- $23M ($302K/unit)

• Acq- $10M ($131K/unit)

• Construction Costs- $7.8M

($103K/unit)

Project Timeline

3 Phase Development Building 1: Dec ‘12 Building 2: May ‘13 Building 3: Aug ‘13

Acquired property in June 2011

Development Partners VHDA, Hudson,

Capital One Wiencek + Associates Hamel Builders JDC

Acquisition Construction Substantial Completion

Scheduled for Sept ‘13

Progress Photos

Christopher EverettCommunity Preservation and Development Corporation

Real Estate Development Officer

ceverett@cpdc.org

202.885.9554

Contact Information