Washington, D.C.—July 11, 2017—Jubilee Manna Community Development Enterprise (CDE) today announced it is putting $7 million in New Markets Tax Credit funds to work creating space where District families with fewer financial resources can access opportunities to help them thrive.
The space will be located in the Maycroft Apartments, which Jubilee begins renovating this month. Jubilee closed on the building, in D.C.’s Columbia Heights neighborhood, in June.
“The Maycroft, with its new program space and 64 highly affordable homes, becomes the city’s latest justice housing development,” said Jubilee President Jim Knight. “It will enable families to live in a thriving neighborhood close to resources that support successful lives. Moreover, it will contribute to a more equitable and vibrant city for all District residents,” he said.Read Full Press Release Here