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(Washington Business Journal) — The D.C. Housing Finance Agency has closed on the second of three rounds of bond financing that will give the go-ahead to $130 million worth of development in the city, including the construction of a highly-visible Capitol Riverfront project by Forest City Enterprises Inc.

The bonds issued Thursday will help developers start or complete three apartment projects throughout the city, adding or saving 408 units of affordable housing.

In addition to the Foundry Lofts at The Yards project in Southeast — which will deliver 34 affordable units out of its total 170 apartments — the financing will also kick-start renovations at the King Towers apartment complex at 1220 12th St. NW.
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