Waverly House

4521 East-West Hwy, Bethesda, MD 20814

Project Details
Housing Opportunities Commission of Montgomery County (HOC)

Development Program
156 Age-Restricted Units
Renovation of 124,410 SF
14-Story High-Rise Building
Conversion public housing to Project Based Sectional 8 Rental Assistance (PRBA)

Total Development Budget
$61,800,000 Million

Financing Structure
LIHTC Equity (4%)
Tax-Exempt Bonds
Housing Initiative Fund
Deferred Development Fees
Developer’s Equity

Services Provided
Financing
Development
Construction Management