Building communities that last.
Affordable housing across the Mid-Atlantic — designed, built, and operated for the long term.
In this brochure
Contents
- 01About Green Street Housing
- 02Leadership team
- 03Portfolio overview
- 04Properties
- 05Partners
- 06Contact
About Green Street Housing
Building communities that last 30 years and beyond
Green Street Housing develops, owns, and stewards affordable rental housing across the Mid-Atlantic — with deep expertise in LIHTC capital structures, sustainable design, and resident-centered operations.
Our story
Founded with a vision to transform communities through thoughtful affordable housing development, GSH has become a trusted partner for investors, lenders, and government agencies throughout the Mid-Atlantic.
Our expertise in LIHTC financing structures, combined with our commitment to sustainable design and community engagement, sets us apart in the affordable housing development sector.
We believe affordable housing should be more than shelter — it should be a foundation for healthy, thriving communities where residents can build better lives for themselves and their families.
Mission, vision & commitment
Mission. Develop exceptional affordable housing communities that enhance residents' quality of life while strengthening Mid-Atlantic neighborhoods.
Vision. A future where everyone has access to safe, affordable, sustainable housing — a foundation for personal and community prosperity.
Commitment. Unwavering dedication to excellence, transparency, and community impact in every project, no matter the size.
Our approach
Reliable Partnership
Lasting relationships built on consistent delivery, transparent communication, and unwavering commitment to our promises.
Sustainable Solutions
Energy-efficient designs, green building practices, and sustainable technologies on every project.
Problem-Solving Expertise
Innovative solutions, creative financing structures, and determination to get it done right.
Quality Focus
We never compromise on quality. Every detail reflects our commitment to long-term value.
Community Centered
We engage with local communities from project conception through completion.
Regulatory Excellence
Deep expertise in LIHTC compliance, federal and state regulations, and HFA requirements.
Our team
The people behind the work
Tom Ayd
Tom sets company strategy and oversees the pipeline, sources and shapes new development opportunities, and mentors the team so deals move from pursuit through closing into real community assets. He clears roadblocks and keeps development, construction, and finance aligned to deliver high-quality affordable housing. He…
Dave Layfield
Alongside CEO Tom Ayd, Dave sets strategy, stewards high-impact decisions, and scales the company's ability to deliver high-quality affordable housing. He is also Founder and CEO of HousrAI, an affiliate real estate SaaS company building AI-driven tools for the affordable housing industry. With 35 years in the field,…
Charlie Moore
Charlie leads Green Street's finance team, driving all financial strategy, cash management, and relationships with investors and lenders. He works closely with CEO Tom Ayd and the development team to ensure every project's financing aligns with mission and execution. Operating at the intersection of capital and…
Matt Auchey
Matt leads Green Street Housing's design and construction efforts, guiding projects from early vision through completion to ensure they meet the company's high standards of quality, efficiency, and purpose. He works closely with project teams and capital partners to transform complex ideas into enduring, well-built…
Chase Powell
Chase advances Green Street Housing's development pipeline by leading projects from concept through construction closing. He drives site acquisition, underwriting, and financing efforts while coordinating with project teams and capital partners to deliver high-quality affordable housing communities. His work also…
Joe Buckley
Joe leads all aspects of development for new construction and rehabilitation communities from early concept through financial closing and lease-up. He partners with project teams, capital partners, state agencies, and local stakeholders to keep entitlements, financing, and approvals moving. With a construction…
Jake Lanza
Jake helps to drive Green Street Housing's development initiatives, guiding projects from origination through completion while coordinating financing and assembling the teams that make each project successful. He works closely with internal construction and finance teams, as well as external partners, including state…
Steve Klopfer
Steve guides the on-site execution of Green Street Housing's construction projects, keeping each development moving smoothly from start to finish. As the team's boots on the ground, he works alongside senior construction leaders to coordinate schedules, track progress, and solve challenges in real time. His close…
Don Brady
Don coordinates Green Street Housing's design and construction efforts, ensuring projects move smoothly from planning through completion. He bridges communication between project teams and capital partners, drawing on his firsthand experience as a superintendent to anticipate challenges and strengthen collaboration.…
Ashley Papetti
Ashley oversees Green Street Housing's finance team alongside CFO Charlie Moore, ensuring accuracy, integrity, and efficiency across every project. She guides developments from inception through construction completion, maintaining clear and reliable financial systems at every stage. Ashley collaborates closely with…
Gabby Andrade
Gabby ensures each project's financial foundation stays strong from predevelopment through completion, aggregating invoices and preparing accurate draws that keep work moving seamlessly. She brings clarity and confidence to the numbers that drive Green Street Housing's mission forward, applying her accounting…
Megan Bowers
Megan supports the financial strength of Green Street Housing by helping to keep day-to-day operations running smoothly and reliably. She works closely with the finance team to manage financial activity, maintain accurate records, and ensure the details behind each transaction are handled with care. As her role has…
Portfolio overview
The portfolio at a glance
In Service · 36 projects
| Project | Location | Type | Units | Year |
|---|---|---|---|---|
| Bracken Square (4%) | Silver Spring, MD | Family · New Construction | 56 | 2025 |
| Bracken Square (9%) | Silver Spring, MD | Family · New Construction | 42 | 2025 |
| Diamond Court I | Harrington, DE | Family · Acq/Rehab | 34 | 2025 |
| Diamond Court II | Harrington, DE | Family · Acq/Rehab | 32 | 2025 |
| Great Mills & Joe Baker | Lexington Park, MD | Family · Acq/Rehab | 80 | 2025 |
| Laurel Grove I | Federalsburg, MD | Family · Acq/Rehab | 37 | 2025 |
| Little Patuxent Senior | Gambrills, MD | Senior · New Construction | 78 | 2025 |
| Point at Smithsburg | Smithsburg, MD | Family · Acq/Rehab | 40 | 2025 |
| Riverside Homes & Mitchell Landing | Salisbury, MD | Family · Acq/Rehab | 99 | 2025 |
| Slippery Hill Phase II | Queenstown, MD | Family · New Construction | 66 | 2024 |
| Slippery Hill Senior | Queenstown, MD | Senior · New Construction | 54 | 2024 |
| Waxpool Apartments | Ashburn, VA | Family · New Construction | 52 | 2024 |
| Blenheim Run Phase I | Havre De Grace, MD | Family · New Construction | 51 | 2023 |
| Brookmeadow Apartments | Chestertown, MD | Family · Acq/Rehab | 67 | 2022 |
| Fairview Apartments | Rising Sun, MD | Senior · Acq/Rehab | 75 | 2021 |
| Fruitland Apartments | Salisbury, MD | Family · Acq/Rehab | 36 | 2021 |
| West Road Apartments | Salisbury, MD | Family · Acq/Rehab | 56 | 2021 |
| Carrolltowne Village Apartments | Eldersburg, MD | Family · Acq/Rehab | 40 | 2020 |
| Lex Woods Apartments | Lexington Park, MD | Family · Acq/Rehab | 78 | 2020 |
| Pinecrest Apartments | Bedford, VA | Family · Acq/Rehab | 64 | 2020 |
| Springford Gardens & School House Apartments | Elkton, MD | Family · Acq/Rehab | 69 | 2020 |
| Village at Iron Branch | Millsboro, DE | Family · Acq/Rehab | 38 | 2019 |
| Brookside Station Apartments | Edgewood, MD | Family · Acq/Rehab | 56 | 2017 |
| Chestertown Cove Apartments | Chestertown, MD | Family · Acq/Rehab | 34 | 2017 |
| Greenwood Village Apartments | Cambridge, MD | Family · Acq/Rehab | 20 | 2017 |
| Village at McKee Branch | Dover, DE | Family · Acq/Rehab | 66 | 2017 |
| Samuel Chase Apartments | Princess Anne, MD | Family · Acq/Rehab | 60 | 2015 |
| Heron Run Apartments | Smyrna, DE | Family · Acq/Rehab | 40 | 2014 |
| Greenside Manor Apartments | Seaford, DE | Family · Acq/Rehab | 40 | 2013 |
| Seaford Apartments | Seaford, DE | Family · Acq/Rehab | 37 | 2012 |
| Hollybrook Farms | Laurel, DE | Family · Acq/Rehab | 124 | 2010 |
| Mallard Ridge Apartments | Berlin, MD | Family · Acq/Rehab | 30 | 2018 |
| Stewarts Neck Apartments | Princess Anne, MD | Family · Acq/Rehab | 36 | 2013 |
| Gateway Village | Rich Creek, VA | Family · Acq/Rehab | 42 | 2005 |
| Stonegate Apartments | Pennington Gap, VA | Family · Acq/Rehab | 36 | 2005 |
| Slippery Hill Phase I | Queenstown, MD | Family · New Construction | 66 | 202 |
Under Construction · 4 projects
| Project | Location | Type | Units | Year |
|---|---|---|---|---|
| Atlantic Blvd | Sterling, VA | Family · New Construction | 80 | 2024 |
| Cedar Terrace | Chantilly, VA | Family · New Construction | 52 | 2025 |
| Jersey Park Apartments | Smithfield, VA | Family · Acq/Rehab | 80 | 2025 |
| Villas at Lexwoods | Lexington Park, MD | Family · New Construction | 40 | 0 |
In Development · 12 projects
| Project | Location | Type | Units | Year |
|---|---|---|---|---|
| Clear Springs I | Leesburg, VA | Family · New Construction | 97 | — |
| Clear Springs II | Leesburg, VA | Family · New Construction | 83 | — |
| Gretna Village | Gretna, VA | Family · Acq/Rehab | 47 | — |
| Hearn Building | Cambridge, MD | Family · Acq/Rehab | 44 | — |
| Little Patuxent Family | Gambrills, MD | Family · New Construction | 33 | -4 |
| Metro Grove (4%) | Suitland, MD | Family · New Construction | 150 | — |
| Metro Grove (9%) | Suitland, MD | Family · New Construction | 50 | — |
| Pax River Heights | Lexington Park, MD | Family · New Construction | 50 | -4 |
| SBY Market Center | Salisbury, MD | Family · New Construction | 50 | -3 |
| Sussex Trace | Waverly, VA | Family · Acq/Rehab | 50 | — |
| Village at Cannon Branch | City of Manassas, VA | Family · New Construction | 100 | — |
| Woods Edge | Smithfield, VA | Family · Acq/Rehab | 60 | — |
Bracken Square (4%)
- Units
- 56
- Type
- Family · New Construction
- Year in service
- 2025
- Total dev. cost
- $28.6M
- LIHTC equity
- $9.4M
Bracken Square (9%)
- Units
- 42
- Type
- Family · New Construction
- Year in service
- 2025
- Total dev. cost
- $26.4M
- LIHTC equity
- $14.2M
Diamond Court I
- Units
- 34
- Type
- Family · Acq/Rehab
- Year in service
- 2025
- Total dev. cost
- $11.1M
- LIHTC equity
- $6.8M
- General contractor
- Willow Construction
- Architect
- Architectural Alliance
- Equity investor
- Hudson Housing Capital
- Property management
- TM Associates Management
Diamond Court II
- Units
- 32
- Type
- Family · Acq/Rehab
- Year in service
- 2025
- Total dev. cost
- $11.8M
- LIHTC equity
- $5.9M
- General contractor
- Willow Construction
- Architect
- Architectural Alliance
- Equity investor
- Hudson Housing Capital
- Property management
- TM Associates Management
Great Mills & Joe Baker
- Units
- 80
- Type
- Family · Acq/Rehab
- Year in service
- 2025
- Total dev. cost
- $15.5M
- LIHTC equity
- $5.2M
Laurel Grove I
- Units
- 37
- Type
- Family · Acq/Rehab
- Year in service
- 2025
- Total dev. cost
- $13.0M
- LIHTC equity
- $4.5M
- General contractor
- Willow Construction
- Architect
- Studio 343
- Equity investor
- Cinnaire
- Property management
- Gateway Management
Little Patuxent Senior
- Units
- 78
- Type
- Senior · New Construction
- Year in service
- 2025
- Total dev. cost
- $31.3M
- LIHTC equity
- $11.1M
- General contractor
- Morgan Keller
- Architect
- Architecture By Design
- Equity investor
- Richman Group
- Property management
- TM Associates Management
Point at Smithsburg
- Units
- 40
- Type
- Family · Acq/Rehab
- Year in service
- 2025
- Total dev. cost
- $18.5M
- LIHTC equity
- $12.4M
- General contractor
- Harkins Builders, Inc.
- Architect
- Architecture By Design
- Equity investor
- CREA
- Property management
- TM Associates Management
Riverside Homes & Mitchell Landing
- Units
- 99
- Type
- Family · Acq/Rehab
- Year in service
- 2025
- Total dev. cost
- $33.5M
- LIHTC equity
- $11.8M
- General contractor
- Harkins Builders, Inc.
- Architect
- Architecture By Design
- Equity investor
- Richman Group
- Property management
- Wicomico County Housing Authority
Slippery Hill Phase II
- Units
- 66
- Type
- Family · New Construction
- Year in service
- 2024
- Total dev. cost
- $24.3M
- LIHTC equity
- $14.2M
- General contractor
- Harkins Builders, Inc.
- Architect
- Architecture By Design
- Equity investor
- Hudson Housing Capital
- Property management
- TM Associates Management
Slippery Hill Senior
- Units
- 54
- Type
- Senior · New Construction
- Year in service
- 2024
- Total dev. cost
- $16.1M
- LIHTC equity
- $6.1M
- General contractor
- Harkins Builders, Inc.
- Architect
- Architecture By Design
- Equity investor
- Hudson Housing Capital
- Property management
- TM Associates Management
Waxpool Apartments
- Units
- 52
- Type
- Family · New Construction
- Year in service
- 2024
- Total dev. cost
- $21.9M
- LIHTC equity
- $6.1M
- General contractor
- KBS, Inc
- Architect
- Poole & Poole
- Equity investor
- Richman Group
- Property management
- TM Associates Management
Blenheim Run Phase I
- Units
- 51
- Type
- Family · New Construction
- Year in service
- 2023
- Total dev. cost
- $20.3M
- LIHTC equity
- $13.8M
- General contractor
- Southway Builders
- Architect
- Architecture By Design
- Equity investor
- Hudson Housing Capital
- Property management
- TM Associates Management
Brookmeadow Apartments
- Units
- 67
- Type
- Family · Acq/Rehab
- Year in service
- 2022
- Total dev. cost
- $14.4M
- LIHTC equity
- $5.1M
- General contractor
- Harkins Builders, Inc.
- Architect
- Architecture By Design
- Equity investor
- Hudson Housing Capital
- Property management
- TM Associates Management
Fairview Apartments
- Units
- 75
- Type
- Senior · Acq/Rehab
- Year in service
- 2021
- Total dev. cost
- $12.9M
- LIHTC equity
- $3.0M
- General contractor
- Harkins Builders, Inc.
- Architect
- Architecture By Design
- Equity investor
- Boston Capital
- Property management
- Severn Management Company
About this property
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 en
Fruitland Apartments
- Units
- 36
- Type
- Family · Acq/Rehab
- Year in service
- 2021
- Property management
- TM Associates Management
About this property
Fruitland Apartments is a 36-unit Section 8 affordable community on a 3-building scattered site at 216, 300, and 302 Poplar Street in Fruitland, Maryland. Originally built in the late 1970s, the property was acquired and rehabilitated by Green Street Housing in December 2020. All 36 one- and two-bedroom apartments are covered by a HAP contract through January 2040.
West Road Apartments
- Units
- 56
- Type
- Family · Acq/Rehab
- Year in service
- 2021
- Property management
- TM Associates Management
About this property
West Road Apartments is a 56-unit Section 8 affordable community in Salisbury, Maryland, originally built in 1979 and acquired by Green Street Housing for preservation. The five-building, garden-style property serves low-income families under a long-term HAP contract through 2043 and a Capital Magnet Fund LURA reserving 80% of units for households earning 31-50% of AMI.
Carrolltowne Village Apartments
- Units
- 40
- Type
- Family · Acq/Rehab
- Year in service
- 2020
- Total dev. cost
- $15.3M
- LIHTC equity
- $10.9M
- General contractor
- Harkins Builders, Inc.
- Architect
- Architecture By Design
- Equity investor
- Boston Capital
- Property management
- TM Associates Management
About this property
What was once a 32 unit apartment complex constructed in the 1980s using the USDA RD Section 515 loan program, Green Street Housing is proud to present a newly renovated Carrolltowne Village Apartments. Having added a new 8 unit building and completely renovating the original 32 units, this community is located on the Eastern side of Elde
Lex Woods Apartments
- Units
- 78
- Type
- Family · Acq/Rehab
- Year in service
- 2020
- Total dev. cost
- $21.0M
- LIHTC equity
- $14.2M
- General contractor
- Harkins Builders, Inc.
- Architect
- Architecture By Design
- Equity investor
- Hudson Housing Capital
- Property management
- TM Associates Management
About this property
Located on the western outskirts of Lexington Park, Maryland, Green Street Housing LLC, REBJ, Inc. and St. Mary's County Housing Authority are proud to present Lex Woods Apartments. This acquisition/substantial rehabilitation of a 78-unit affordable housing community is conveniently located in close proximity to a high concentration of retail centers and s
Pinecrest Apartments
- Units
- 64
- Type
- Family · Acq/Rehab
- Year in service
- 2020
- Total dev. cost
- $7.4M
- LIHTC equity
- $4.6M
- General contractor
- Canterbury Construction
- Architect
- Studio 343
- Equity investor
- Hudson Housing Capital
- Property management
- Partnership Property Management Company
About this property
Located in Bedford, Virginia, Pinecrest Apartments offers low-income residents great amenities and a modern style of living. Green Street Housing is happy and proud to present Pinecrest Apartments. This community, although in a rural neighborhood, is situated closely to multiple restaurants and retail locations.
Springford Gardens & School House Apartments
- Units
- 69
- Type
- Family · Acq/Rehab
- Year in service
- 2020
- Total dev. cost
- $13.1M
- LIHTC equity
- $2.8M
About this property
Springford Gardens is a 38-unit garden style community in Elkton, MD, and was developed with the neighboring School House Apartments. The project is fully subsidized by a mix of USDA Rental Assistance and Section-8 Housing Choice Vouchers. Construction began on or about 7/15/19, and was completed in 2020. The scope of work includes the replacement of all HVAC systems, electrical devices and fixt
Village at Iron Branch
- Units
- 38
- Type
- Family · Acq/Rehab
- Year in service
- 2019
- Total dev. cost
- $10.2M
- LIHTC equity
- $8.8M
- General contractor
- Petrucon Construction
- Architect
- Fisher Architecture
- Equity investor
- Hudson Housing Capital
- Property management
- TM Associates Management
Brookside Station Apartments
- Units
- 56
- Type
- Family · Acq/Rehab
- Year in service
- 2017
- Total dev. cost
- $10.7M
- LIHTC equity
- $3.3M
- General contractor
- Whiting-Turner
- Architect
- Architecture By Design
- Equity investor
- Boston Financial (BFIM)
- Property management
- TM Associates Management
Chestertown Cove Apartments
- Units
- 34
- Type
- Family · Acq/Rehab
- Year in service
- 2017
- Total dev. cost
- $6.8M
- LIHTC equity
- $2.2M
- General contractor
- Ingerman Construction Company
- Architect
- Architecture By Design
- Equity investor
- Boston Capital
- Property management
- TM Associates Management
Greenwood Village Apartments
- Units
- 20
- Type
- Family · Acq/Rehab
- Year in service
- 2017
- Total dev. cost
- $7.5M
- LIHTC equity
- $5.4M
- General contractor
- Harkins Builders, Inc.
- Architect
- Architecture By Design
- Equity investor
- Hudson Housing Capital
- Property management
- TM Associates Management
Village at McKee Branch
- Units
- 66
- Type
- Family · Acq/Rehab
- Year in service
- 2017
- Total dev. cost
- $15.2M
- LIHTC equity
- $8.8M
- General contractor
- U&I Builders, Inc
- Architect
- Fisher Architecture
- Equity investor
- Richman Group
- Property management
- East Coast Property Management
Samuel Chase Apartments
- Units
- 60
- Type
- Family · Acq/Rehab
- Year in service
- 2015
- Total dev. cost
- $8.0M
- LIHTC equity
- $2.1M
- General contractor
- Gillis Gilkerson
- Architect
- Studio 343
- Equity investor
- Boston Capital
- Property management
- TM Associates Management
About this property
Samuel Chase Apartments is a 60-unit affordable apartment community in Princess Anne, Maryland. Green Street Housing acquired and renovated the property in 2014/2015. The project included the acquisition of two separate RD Section 515 Rural Rental Housing projects that were located across the street from each other. Both projects were 1980's era properties that were in need of renovations and updates to make the properties sustainable. The financing execution was Tax Exempt Bonds with Low Income Housing Tax Credits, HOME, Maryland EmPower and RD Section 515.
Heron Run Apartments
- Units
- 40
- Type
- Family · Acq/Rehab
- Year in service
- 2014
- Total dev. cost
- $8.0M
- LIHTC equity
- $5.0M
- General contractor
- Ingerman Construction Company
- Architect
- Fisher Architecture
- Equity investor
- Hudson Housing Capital
- Property management
- TM Associates Management
About this property
Heron Run is an acquisition and substantial rehabilitation of an existing 40 unit USDA Rural Development community that was originally built in the 1980s. The project underwent a comprehensive rehabilitation in 2012 with a scope of work that included gutting the buildings to provide a completely redesigned floor plan and 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 demolition of an existing office and new construction of a large multi purpose clubhouse that includes a laundry room, meeting room, business center and management office.
Greenside Manor Apartments
- Units
- 40
- Type
- Family · Acq/Rehab
- Year in service
- 2013
- Total dev. cost
- $7.0M
- LIHTC equity
- $3.2M
- General contractor
- Gillis Gilkerson
- Architect
- Fisher Architecture
- Equity investor
- Fulton Financial Corporation
- Property management
- TM Associates Management
About this property
Greenside Manor is an acquisition and substantial rehabilitation of an existing 40 unit USDA Rural Development community that was originally built in the 1980s. The project underwent a comprehensive rehabilitation in 2011 with a scope of work that included gutting the building to provide an completely redesigned floor plan and 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 demolition of an existing office and new construction of a large multi purpose clubhouse that includes a laundry room, meeting room, business center and management office. Utilizing a Solar Power Purchase Agreement, the site hosts a 32 kW rooftop solar array to offset common area electricity consumption.
Seaford Apartments
- Units
- 37
- Type
- Family · Acq/Rehab
- Year in service
- 2012
- Total dev. cost
- $6.1M
- LIHTC equity
- $3.1M
- General contractor
- Gillis Gilkerson
- Architect
- Architectural Alliance
- Equity investor
- Fulton Financial Corporation
- Property management
- Severn Management Company
About this property
Seaford Apartments is an acquisition and substantial rehabilitation of an existing 37 unit USDA Rural Development community that was originally built in 1990. The project underwent a comprehensive rehabilitation in 2010 with a scope of work that included gutting the building to provide an completely redesigned floor plan and 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 demolition of an existing office and new construction of a large multi purpose clubhouse that includes a laundry room, meeting room, business center and management office. The property benefits from a 36 kW solar PV system was installed to offset the communities electricity consumption.
Hollybrook Farms
- Units
- 124
- Type
- Family · Acq/Rehab
- Year in service
- 2010
- Total dev. cost
- $16.5M
- LIHTC equity
- $7.4M
- General contractor
- Gillis Gilkerson
- Architect
- Architectural Alliance
- Equity investor
- Michel Associates
- Property management
- Severn Management Company
About this property
Hollybrook Farms is a 124-unit affordable rental community in Laurel, Delaware, comprising 15 buildings originally developed under USDA Section 515 between 1977 and the early 1990s as Hollybrook I–IV. In 2007, Green Street Housing partnered with Edwards Development to acquire and substantially rehabilitate the property using 4% Low-Income Housing Tax Credits, USDA Section 538 financing, and DSHA Housing Development Fund support. The rehabilitation was completed with the help of ARRA Tax Credit Exchange and TCAP funds, preserving 124 affordable homes — including 85 USDA rental-assistance units and 24 project-based Section 8 units — for families in Sussex County.
Mallard Ridge Apartments
- Units
- 30
- Type
- Family · Acq/Rehab
- Year
- 2018
- Property management
- TM Associates Management
About this property
Mallard Ridge Apartments is a 30-unit affordable family community on 2.56 acres in Berlin, Maryland. The property features a mix of two- and three-bedroom garden-style apartments and townhomes across eight buildings, originally built in 1990 and financed through Maryland CDA tax-exempt bond and Rental Housing Funds. Green Street Housing acquired the property to preserve its long-term affordability, with rents restricted at 50% and 60% of Area Median Income.
Stewarts Neck Apartments
- Units
- 36
- Type
- Family · Acq/Rehab
- Year in service
- 2013
Gateway Village
- Units
- 42
- Type
- Family · Acq/Rehab
- Year in service
- 2005
- Total dev. cost
- $2.9M
- LIHTC equity
- $1.2M
- Architect
- AES Architech
- Equity investor
- Michel Associates
- Property management
- Severn Management Company
About this property
Gateway Village is a 42-unit affordable family apartment community in Rich Creek, Giles County, Virginia, originally built in 1985 under USDA Rural Development's Section 515 program. Green Street Housing acquired and rehabilitated the property in 2004-2005. The community comprises three garden-style buildings of wood-frame construction with brick exteriors, offering twelve one-bedroom and thirty two-bedroom units, all serving families at or below 50% AMI with project-based RD 521 rental assistance.
Stonegate Apartments
- Units
- 36
- Type
- Family · Acq/Rehab
- Year in service
- 2005
- Total dev. cost
- $3.0M
- LIHTC equity
- $1.3M
- General contractor
- BurWil Construction Company, Inc.
- Architect
- AES Architech
- Equity investor
- Michel Associates
- Property management
- Severn Management Company
About this property
Stonegate Apartments is an acquisition and moderate rehabilitation of an existing 36 unit USDA Rural Development community that was originally built in the 1980s. The project underwent a rehabilitation in 2005 with a scope of work that included new kitchens, appliances, mechanical systems and many energy efficiency upgrades. Green Street Housing is also happy to provide to tenants with a Children at Play area and Basketball Court.
Slippery Hill Phase I
- Units
- 66
- Type
- Family · New Construction
- Year in service
- 202
- Total dev. cost
- $20.1M
- LIHTC equity
- $15.6M
- General contractor
- Gillis Gilkerson
- Architect
- Architecture By Design
- Equity investor
- Hudson Housing Capital
- Property management
- TM Associates Management
About this property
Using 9% competitively awarded Low Income Housing Tax Credits from the State of Maryland, Green Street Housing is proud to have completed the Village at Slippery Hill. This 66 unit community is minutes away from multiple shopping and dining venues. Residents are more than welcome to experience the scenic surroundings of the area by strolling along the on-site walking trail.
Atlantic Blvd
- Units
- 80
- Type
- Family · New Construction
- Year
- 2024
- Total dev. cost
- $30.8M
- LIHTC equity
- $8.8M
- Construction
- New construction garden apartments — fiber cement siding, flat roof
- General contractor
- Morgan Keller
- Architect
- Poole & Poole
- Equity investor
- Cinnaire
- Property management
- TM Associates Management
About this property
Atlantic Blvd is an 80-unit new-construction LIHTC garden apartment community in Sterling, VA (Loudoun County), financed with 4% tax-exempt bond credits. The unit mix is 31 one-bedrooms, 41 two-bedrooms, and 8 three-bedrooms across 92,543 SF. 75 units serve households at 60% AMI and 5 at 50% AMI, with a 30-year extended use restriction. The project is being developed in partnership with Good Housing VA to NGBS Silver or higher standards.
Sustainability & design
- NGBS Silver or higher (National Green Building Standard)
Cedar Terrace
- Units
- 52
- Type
- Family · New Construction
- Year
- 2025
- Total dev. cost
- $25.0M
- LIHTC equity
- $7.4M
- General contractor
- Morgan Keller
- Architect
- Poole & Poole
- Equity investor
- Richman Group
- Property management
- TM Associates Management
Jersey Park Apartments
- Units
- 80
- Type
- Family · Acq/Rehab
- Year
- 2025
- Total dev. cost
- $19.5M
- LIHTC equity
- $5.6M
- General contractor
- Peacock Holland
- Architect
- Miner Feinstein
- Equity investor
- CAHEC
- Property management
- Gateway Management
Villas at Lexwoods
- Units
- 40
- Type
- Family · New Construction
- Year
- 0
- Total dev. cost
- $19.8M
- LIHTC equity
- $1.3M
- General contractor
- Harkins Builders, Inc.
- Architect
- Architecture By Design
- Equity investor
- Richman Group
- Property management
- TM Associates Management
Clear Springs I
- Units
- 97
- Type
- Family · New Construction
- Total dev. cost
- $42.6M
- LIHTC equity
- $12.6M
Clear Springs II
- Units
- 83
- Type
- Family · New Construction
- Total dev. cost
- $34.1M
- LIHTC equity
- $10.0M
Gretna Village
- Units
- 47
- Type
- Family · Acq/Rehab
- Total dev. cost
- $12.7M
- LIHTC equity
- $7.4M
- General contractor
- Peacock Holland
- Architect
- Studio 343
- Property management
- Partnership Property Management
Hearn Building
- Units
- 44
- Type
- Family · Acq/Rehab
- Total dev. cost
- $21.2M
- LIHTC equity
- $7.8M
- General contractor
- Harkins Builders, Inc.
- Architect
- Architecture By Design
- Property management
- TM Associates Management
Little Patuxent Family
- Units
- 33
- Type
- Family · New Construction
- Year
- -4
- Total dev. cost
- $17.5M
- LIHTC equity
- $6.0M
- General contractor
- Morgan Keller
- Architect
- Architecture By Design
- Property management
- TM Associates Management
Metro Grove (4%)
- Units
- 150
- Type
- Family · New Construction
- Total dev. cost
- $61.0M
- LIHTC equity
- $13.9M
Metro Grove (9%)
- Units
- 50
- Type
- Family · New Construction
- Total dev. cost
- $25.9M
- LIHTC equity
- $13.9M
Pax River Heights
- Units
- 50
- Type
- Family · New Construction
- Year
- -4
- Total dev. cost
- $24.9M
- LIHTC equity
- $12.6M
- General contractor
- Southway Builders
- Architect
- Moseley
- Property management
- TM Associates Management
SBY Market Center
- Units
- 50
- Type
- Family · New Construction
- Year
- -3
- Total dev. cost
- $22.8M
- LIHTC equity
- $12.9M
- General contractor
- Harkins Builders, Inc.
- Architect
- Architecture By Design
- Property management
- TM Associates Management
Sussex Trace
- Units
- 50
- Type
- Family · Acq/Rehab
- Total dev. cost
- $12.7M
- LIHTC equity
- $3.7M
- General contractor
- Peacock Holland
- Architect
- Studio 343
- Equity investor
- Cinnaire
- Property management
- Gateway Management
Village at Cannon Branch
- Units
- 100
- Type
- Family · New Construction
- Total dev. cost
- $37.4M
- LIHTC equity
- $10.0M
- General contractor
- Morgan Keller
- Architect
- Poole & Poole
Woods Edge
- Units
- 60
- Type
- Family · Acq/Rehab
- Total dev. cost
- $15.1M
- LIHTC equity
- $4.4M
- Architect
- Studio 344
- Property management
- Gateway Management
Partners
The people we build with
Syndicator
- Boston Capital
- Enterprise Community Partners
- National Equity Fund
Lender
- Bonneville Multifamily Capital
- Delaware State Housing Authority
- Maryland DHCD
- PNC Community Development
- USDA Rural Development
- Virginia Housing
- Wells Fargo CRA
Vendor
- Fisher Architecture
- Gillis Gilkerson
- RPH Architecture
Other
- Chesapeake Housing Mission
- T.M. Associates
Get in touch
Build with us.
Office
Green Street Housing
212 E. Main St., Ste 200
Salisbury, MD 21801
Direct
General: info@greenstreethousing.com
Press: info@greenstreethousing.com
Web: greenstreethousing.com