Project Details:

Reference:

• Housing Opportunities Commission of Montgomery County (HOC)
• Stacy Spann, Executive Director
• [email protected]
• 410-206-5591

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