Skip to main content

SOME Opens Roberts Residences, A New Affordable Housing Building In Northeast Washington

Written by Customer Service on . Posted in Mergers And Acquisitions.

SOME’s Roberts Residences Grand Opening

Bob Roberts, President of Roberts Oxygen Company, Inc. and longstanding donor of SOME, joined by leaders of SOME and partners from the Department of Housing and Community Development, DC Housing Finance Agency, JP Morgan Chase, Lument, and Enterprise, unveil the Roberts Residences at 1515 North Capitol Street NE with a ceremonial ribbon cutting. Spanning 92,000 square feet and rising 15 stories, the affordable housing development boasts 139 efficiencies and junior 1-bedroom apartments, complemented by amenities such as a computer lab, library, classrooms, a fitness room, and laundry facilities on each floor on Thursday, Oct. 12, 2023 in Washington. (Joy Asico/AP Images for SOME)
Bob Roberts, President of Roberts Oxygen Company, Inc. and longstanding donor of SOME, joined by leaders of SOME and partners from the Department of Housing and Community Development, DC Housing Finance Agency, JP Morgan Chase, Lument, and Enterprise, unveil the Roberts Residences at 1515 North Capitol Street NE with a ceremonial ribbon cutting. Spanning 92,000 square feet and rising 15 stories, the affordable housing development boasts 139 efficiencies and junior 1-bedroom apartments, complemented by amenities such as a computer lab, library, classrooms, a fitness room, and laundry facilities on each floor on Thursday, Oct. 12, 2023 in Washington. (Joy Asico/AP Images for SOME)

WASHINGTON, Oct. 12, 2023 (GLOBE NEWSWIRE) — On Thursday, Oct. 12, 2023, SOME (So Others Might Eat), a DC-based nonprofit focused on combating poverty and homelessness, unveiled its newest addition to the D.C. skyline with the official opening of Roberts Residences at 1515 North Capitol Street NE.

The 92,000 square-foot, 15-story building, now the tallest in Ward 5, stands as a testament to the ongoing commitment to provide affordable, high-quality housing to underserved residents in the nation’s capital.

“Today, with the unveiling of Roberts Residences, we are not just celebrating a building. We’re recognizing a dream realized, the power of collaboration, and the enduring spirit of our community,” said Ralph Boyd, president and CEO of SOME. “This building also reflects a shared achievement, made possible through the steadfast commitment of partners such as the Department of Housing and Community Development and the D.C. Housing Finance Agency. Our gratitude extends to JP Morgan Chase, Lument, and Enterprise for their unwavering belief and support in our mission.”

Roberts Residences is designed for single adults, with 75 units reserved for people earning below 30% of the Area Median Income (AMI) and all units allocated for those below 50% AMI. Through a partnership with D.C. Housing Authority (DCHA), 75 out of the 139 units are subsidized, ensuring residents contribute only 30% of their rent based on their income, with DCHA covering up to the remaining 70% for subsidized units.

“Delivering this project ahead of schedule, even amid challenges, underscores our dedication to community-driven projects,” said Bill Bartling, Vice President and Business Unit Leader at Clark Construction, the company responsible for the state-of-the-art development. “We expect Roberts Residences to become a cornerstone of the neighborhood and are proud to have partnered with SOME in bringing this vision to life.”

Drawing from its history of effectively using diverse financial mechanisms, JP Morgan Chase has been instrumental in bringing projects like Roberts Residences to fruition.

“Roberts Residences will have a tremendous impact on the community and the District residents who call it home,” said Caitlin Gossens, Senior Commercial Banker at JPMorgan Chase. “Chase is committed to helping SOME create quality, stable homes and providing supportive services for residents transitioning out of homelessness. Through their tireless efforts, SOME is closing the housing gap in our nation’s capital and is transforming lives.”

Tenants are scheduled to move into their new homes later this month. The building’s strategic location, just blocks from SOME’s main campus on O Street NW, ensures residents have ready access to emergency, social, and healthcare services. Furthermore, residents benefit from amenities like a computer lab, library, classroom space, gym, and Wi-Fi-enabled rooms — all aimed at fostering a sense of community and viability.

“Over the life of this project, thousands of people will call this property their home. With SOME’s extensive supportive services, which include financial planning, employment support, health services and vocational programming, the Roberts Residences will be a launchpad for many people to gain their footing and move up to find financial stability,” said Scott Hutter, Director of Multifamily Lending at DC Housing Finance Agency. “SOME’s unwavering commitment to social justice through housing is unrivaled. At DCHFA, it’s a privilege to continue to work with them and we look forward to doing so much more.”

To learn more, visit SOME.org/Housing.

About SOME
Since 1970, SOME has been a care provider and a beacon of hope to residents in our nation’s capital. Our services are available to individuals, families, senior citizens, veterans, and those affected by physical or mental illness. We strive to break the cycle of poverty and homelessness daily through our comprehensive Whole Person Care approach. To learn more, visit SOME.org.

Contact
Kerry-Ann Hamilton
Consulting Group
kerry@kahconsultinggroup.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9ec035ce-1837-4804-9f06-eb11855996ce

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.