Details
Type: Family Acq/Rehab
Location: 1618 Swallowcrest Dr. Edgewood, MD
Year Developed: 2016
Status: Complete
Units: 56
TDC: $8.99 million
LIHTC Equity: $3.31 million
Sources of Funds:
4% LIHTC, DHCD Tax-Exempt Bonds, USDA Sec. 515, Harford County CDBG, RHW, EmPower Loan
Description
Brookside Station offers residents quality apartments and comfortable living just within a few blocks of multiple dining and shopping opportunities. This property was acquired and renovated in 2016/2017 by Green Street Housing and was financed using 4% LIHTC and Tax-Exempt Bonds. Constructed originally with an RD Section 515 rural rental housing project loan, the project included $3.6 million in renovation costs. The facade of this property was greatly improved in addition to major systems, kitchens, and a new community building was added to the site.
