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Fannie Mae partners to help preserve affordable housing in Chinatown, DC

July 23, 2019 | By

One of the last remaining affordable properties in Chinatown DC, Wah Luck House is home to many residents who immigrated from China. In 2017, Fannie Mae and Greystone provided $50 million of low-cost financing to keep Wah Luck House affordable. By preserving Wah Luck House, Fannie Mae was able to allow low-income homeowners to remain in place in a gentrifying neighborhood, and provide the opportunity for residents to continue building their lives.

 

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