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Green Street, TM Associates Bringing Affordable, Mixed-Use Development to Havre de Grace
Green Street Housing and TM Associates Development are preparing to break ground on Village at Blenheim Run in Havre de Grace, MD, a 51-unit mixed-income apartment community with commercial space.
The property is financed through the syndication of Low-Income Housing Tax Credits via Hudson Housing Capital, an equity investment and construction financing from Bank of America, permanent debt financing from PNC Real Estate and a grant from the Federal Home Loan Bank of Atlanta’s Affordable Housing Program.
“Maryland’s lack of affordable housing has been an issue for years, but especially so during these past two years of the pandemic,” said MD comptroller Peter Franchot. “This investment in the City of Havre de Grace and its people is a model for the rest of our state to follow as we continue to meet the growing need for more affordable communities.” The first phase of the development will be a four-story central corridor elevator building.
- ◦Development
