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 is a 56 unit affordable housing apartment community in Edgewood, Maryland. Green Street Housing acquired and renovated the property in 2016/2017. It was financed using 4% LIHTC and Tax-Exempt Bonds. The property was originally constructed 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.
