Tenants Purchase Property and Complete Substantial Renovation: Galen Terrace, Washington, DC
The National Housing Trust-Enterprise Preservation Corporation, in partnership with the Somerset Development Company and the Galen Terrace Tenants Association, rescued and restored 84 affordable homes in the Anacostia neighborhood of Washington, DC.
The property was in a downward spiral from poor management, increasing criminal activity and physical deterioration. NHT/Enterprise helped the Tenant Association purchase the property while making substantial renovations. Improvements include significant security enhancements and the integration of energy efficient products. These renovations, coupled with new management and resident services, have turned Galen Terrace from a trouble spot into a neighborhood asset.
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