ProjectsArcola Towers Project Details: Reference: Housing Opportunities Commission of Montgomery County (HOC) Stacy Spann, Executive Director [email protected] 410-206-5591 Development Program 141 Age-Restricted Units Renovation of 139,472 SF 12-Story High-Rise Building Conversion public housing to Project Based Sectional 8 Rental Assistance (PRBA) Total Development Budget $39,600,000 Million Financing Structure LIHTC Equity (4%) Tax-Exempt Bonds Housing Initiative Fund Deferred Development Fees Developer’s Equity Services Provided Financing Development Construction Management Catoctin View Apartments Waverly House