NEWS

Latest News Articles
May.10.19

Mayor Bowser Moves the District One Step Closer to Using DOPA to Preserve Affordable Housing for DC Residents

<!DOCTYPE html>

Washington, DC (May 10, 2019) WinnDevelopment, the development arm of award-winning multifamily property developer and manager WinnCompanies, has been named a prequalified developer to preserve affordable housing in Washington, DC, under the District Opportunity to Purchase Act (DOPA).

District of Columbia Mayor Muriel Bowser has released a list of 40 pre-qualified developers to which the Mayor may assign the District’s purchase right.

“Our housing goals are bold and ambitious, and to meet them, we know we have to use every tool available and seize every opportunity to preserve quality, affordable housing for our residents. By moving forward with DOPA, we’re able to do both,” said Mayor Bowser. “Now that we have DOPA regulations in place and an impressive list of pre-qualified developers, we can finally begin using this long-awaited and much-needed tool.”

Read the full press release here.

Through the work of WinnDevelopment, the company’s development arm, WinnCompanies has successfully owned and managed affordable housing communities in Washington, D.C., for more than 35 years, forging strong, positive relationships with residents, owners and regulators by consistently demonstrating a passion for excellence in every facet of operations and management. The company’s presence in Washington, DC, includes a development team, led by Senior Vice President Brett Meringoff, and more than 50 property management staff. WinnResidential currently manages 12 properties in Washington, D.C., totaling 1,986 residential units, as well as 39,000 square feet of commercial space. Four of those properties are owned by WinnCompanies and have undergone or will undergo rehabilitation projects overseen by WinnDevelopment.

Pictured: Atlantic Apartment Homes, located in Southeast DC's Ward 8. In 2017, WinnCompanies completed a $69 million occupied rehabilitation that modernized both communities, preserving a total of 303 units as critically needed Project-Based Section 8 housing and expanding programs and services geared toward community building and family support. Further, a 651 KWh (DC) community renewable energy facility was installed atop the roofs of Atlantic Terrace to create the largest community solar project in the District.

POSTS

Latest news Articles
  • New HUD Grants Allow WinnResidential to Expand Financial Self-Sufficiency Program for Low-Income Families
    March.18.2024 Read
  • WinnResidential Ranks as a Top Five Multifamily Property Management Company for Overall Resident Satisfaction
    March.06.2024 Read
  • Connected Communities Foundation Launches as a Nonprofit to Expand Supportive Services to Affordable Housing Residents
    February.28.2024 Read
  • Massachusetts Apartment Association Honors WinnCompanies CEO Gilbert Winn with 2023 Industry Excellence Award
    January.31.2024 Read