City First Bank of D.C. Works East of the Anacostia

Thursday, June 9, 2016

City First Bank of D.C.'s spring newsletter highlights efforts to revitalize distressed neighborhoods east of the Anacostia River. The newly developed RiverEast affordable housing dwelling will provide 46 new townhouse units affordable for those who cannot afford the city’s skyrocketing prices. Of the 46 units, 43 are for families earning less than $65,000 a year and the remaining three for families with annual incomes below $32,580. City First has also deployed New Markets Tax Credit financing in the area to organizations including charter schools, art programs, housing developments and other social service providers.