CROWNSVILLE – The Maryland Department of Housing and Community Development (DHCD) announced that four multi-family rental projects in the county have emerged from a competitive round for Federal Low-Income Housing Tax Credits. Initially only five projects statewide were to get funding, but in anticipation of federal money DHCD added another 17 projects to which it will award Maryland’s $31.7 million share in federal Tax Credit Assistance Program funds in a competitive process. The four in Anne Arundel are:
Admiral Oaks Apartments of Annapolis, sponsored by CPDC, Inc. (acquisition and rehab)
The Greens at Hammonds Lane, sponsored by Enterprise Housing Corp. (new construction of senior housing)
Hammarlee House, sponsored by Rellim Development/Stavrou Co. (new construction of senior housing)
Park View at Severna Park, sponsored by Shelter Development (new construction of senior housing.)

See full story

Leave a Reply