Details
Type: Senior Acq/Rehab
Location: Rising Sun, MD
Year Developed: 2021
Status: Complete
Units: 75
TDC: $10.9 million
LIHTC Equity: $3.4 million
Sources of Funds:
Tax-exempt Bonds, Rental Housing Works (MD), RHPP, EmPower
Description
Fairview Apartments is an acquisition/rehabilitation of a 75-unit multifamily building built in 2001. Located in a rural area within Cecil County, the community now serves Rising Sun and Cecil County senior citizens. Strategically located, Fairview Apartments is located within walking distance of the Cecil County Public Library, as is a local grocery store. Measuring now a 30% savings in energy, the property saw a vast amount of efforts to modernize the building structure.
