More key steps forward for the R Street Art Lofts are falling into place !!!

116 living units (from studio mezzanine lofts to 3 bedroom 2 bath apartments) street front retail, art studios!  Over 200,000 sq ft urban infill with both historic adaptive reuse and new construction!    

• The State Historic Preservation Office recommends approval of National Register listing of the Historic six story warehouse ! This is a key step forward in the historic tax credit approval process – thanks to our historic consultant Paula Boghosian and SHPO for the quick step time!

• The State Tax Credit Allocation Committee has listed the project in the Funding Queue for Affordable Housing Tax Credits!  A stellar performance by CFY’s Cyrus and Ali Youssefi working with attorney Pat Sabelhaus and the team!  

Within weeks we expect the next major piece to this puzzle should be falling into place with issuance of the Housing Tax Credits!  In the meantime, we are continuing our full court press forward on this adventure.