DC Green Bank today announced $4.2 million in financing to Montage Development Group LLC and Rosewood Strategies LLC to fully electrify a co-living community next to Howard University in Ward 1. The building will include 24 bedrooms designed for the needs of students, with shared kitchens and common areas.
The financing will support the replacement of gas water heaters and stoves with electric models, making the building fully electric. The updated building will also include a solar energy system that is estimated to generate half of the building’s energy use.
“This renovation is an investment in student well-being, helping ensure affordable, healthy housing options are available close to campus,” said Brandi Colander, CEO of DC Green Bank. “With this loan, we are helping developers reach for higher standards of resilience and helping to build the DC of the future.”
“DC Green Bank’s financing and support were essential to making this project possible,” said Kevin Brown, Principal of Montage Development Group. “Their partnership and support made getting the financing we needed easier and helped us make the most of our investment in resilience.”
DCGB Euclid Student Housing Press Release_6.30.26