Washington Housing Conservancy One Step Closer to its First DC Purchase

Lawmakers agreed back in April to issue $28 million in bonds to back the acquisition as part of the District’s industrial revenue bond program, designed to help nonprofits finance large projects.

Excerpt:

"An affordable housing nonprofit backed by JBG Smith Properties (NYSE: JBGS) and the Federal City Council is nearly ready to acquire its first property - and it just got some help from the the D.C. government to power the purchase."

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