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Development Team

Gaithersburg, Md.-based AmeriDream, Inc. is the owner and lead developer of the Woodson Heights community. AmeriDream is the nation’s leader in providing affordable housing opportunities. In support of this mission, AmeriDream, a non-profit organization, has helped more than 300,000 individuals and families buy and sell homes by granting over $500 million for down payment assistance, providing homebuyer education, and donating more than $2 million to charitable organizations nationwide.

Through its redevelopment program, AmeriDream builds new homes and renovates existing properties to create affordable housing opportunities at prices that accommodate low and moderate-income homebuyers.

AmeriDream has invested more than $12 million into its redevelopment projects over the last six years. Current projects include affordable housing developments locally in Maryland and Washington, DC; as well as in Florida.

AmeriDream’s diverse redevelopment projects have included single-family and multi-family communities; environmentally friendly “green” homes, hurricane resistant homes, and a special accessible home built for a disabled couple.

Woodson Heights is one of AmeriDream’s largest redevelopment efforts to-date.

Working with the local community and the District of Columbia government, AmeriDream’s project plans for Woodson Heights include demolishing nine abandoned buildings and the renovation of two additional abandoned buildings at the current site to create a new community with 106 affordable homes.

When completed Woodson Heights will encompass more than an entire city block. The first phase of the project is scheduled to be completed by the Fall of 2007.

Working with partners The Jair Lynch Companies and Marcus Asset Group – both of which are Washington D.C.-based companies with extensive experience in affordable housing – AmeriDream has sought and received considerable input from the community surrounding Woodson Heights to ensure local support for this new and exciting development.

Partially funded by the District of Columbia Department of Housing and Community Development, AmeriDream has been awarded over $8 million to assist with the development of this $30-million affordable housing project.

For more information about the development partners, visit www.ameridream.org and www.jairlynch.com.