Bonneville Multifamily - Section 538 Guaranteed Loan
USDA-Rural Development - Section 515 Direct Loan
Delaware State Housing Authority - 9% LIHTC, HDF, 1602 Exchange Funds
Project TeamGeneral Contractor Gillis Gilkerson Architect Architectural Alliance Equity Investor Michel Associates Management Severn Management Company Developer Edwards & Layfield Development Company
Hollybrook Farms is an acquisition and substantial rehabilitation of an existing 124 unit USDA Rural Development community that was originally built in four phases between the 1979 and 1990. The project underwent a comprehensive rehabilitation in 2008 with a scope of work that included new facades, new kitchens, appliances, mechanical systems and many energy efficiency upgrades. The project exterior enhancements included new landscaping, new paving, a maintenance building and site-wide ADA compliance. The rehab also involved the new construction of a large multi purpose clubhouse that includes a meeting room, business center and management office. Utilizing a Solar Power Purchase Agreement, the site hosts a 100 kW ground mounted solar array to offset common area electricity consumption. Located only one hour from Rehoboth Beach, DE, residents can take advantage of many nearby shopping and dining venues along Route 13.