Johnson Towers

Johnson Towers

Johnson Towers is a 55-unit existing elderly apartment building built in 1991 located in District of Columbia. Johnson Towers was financed under the HUD 223(f) program as the refinancing and rehabilitation of an old Section 202 property. The new $4,210,700 HUD-insured loan has a 35-year term. The HUD-insured funds were combined with Green Retrofit funds of $907,493 to complete $17,000 per unit in repairs, upgrades, and energy conservation measures.