Details
Type: New Construction
Location: Nesbit Rd. Grasonville, MD
Year Developed: 2019
Status: Under Construction
Units: 66
TDC: $20.1 Million
LIHTC Equity: $15.6 Million
Sources of Funds:
LIHTC and Private Bank Loan
Description
The Village at Slippery Hill is a three-phase new construction project. The first phase is under construction as of January 2019. This project uses 9% competitively awarded Low Income Housing Tax Credits from the State of Maryland. Of the 66 units, 7 units will be market-rate and 59 for families with low-moderate income. Construction is expected to be completed in April 2020.
