1417 N Street NW Cooperative, Washington DC
1417 N Street Northwest DC Tenants Association
1417 N Street NW Cooperative is an 83-unit limited-equity cooperative located in the rapidly changing 14th Street corridor in Washington, DC. Klein Hornig initially represented the tenants of the building when they acquired it under DC’s tenant purchase law with an acquisition loan from DC’s Department of Housing and Community Development. Our attorneys then helped the co-op close on multiple sources of public and private financing to address key capital needs. Simultaneously, Klein Hornig worked closely with the co-op’s board and residents to complete its conversion from a rental property to a housing co-op. All 83 units in the co-op are currently affordable for low-income households and will remain permanently affordable for moderate-income households.