Community Redevelopment announced that it has acquired a property on 5320 8th St NW. This property was originally a 36 unit building comprised of one and two bedrooms. The building has been gutted and renovated and reconfigured to 41 units of three bedrooms, each containing new kitchens, and baths as well as new floors. All functional aspects such as windows, roof, electrical, plumbing, have all been upgraded as well.

The building is being ear-marked specifically for Voucher (TAP, Section 8) tenants. This acquisition, while adding immediate financial value to the public company, also demonstrates the company's ethical values of uplifting the under-served with contemporary design and aesthetics for those in assisted programs. All these units are residential apartments, 15 of the units are currently under rent while the other units are in the process of being leased. The units pass DC Housing standards and are code compliant.