Community–First Design
Town–home–style buildings will surround a centrally located community center and playground, with front porches, pedestrian pathways and shared green space encouraging neighborly connections. Eight residences will incorporate enhanced accessibility features, delivering modern, barrier–free housing for people with disabilities.

Zero–Energy–Ready Construction
Buildings will meet ENERGY STAR® Multifamily New Construction, National Green Building Standard (NGBS) Silver and DOE Zero Energy Ready Home standards. A rooftop solar array will offset common–area electricity and help lower resident utility costs.

Collaborative Financing
The $20.2 Million total development budget is financed by: a Low Income Housing Tax Credit Equity Investment from The Richman Affordable Housing Group and Discover Bank, loans from Maryland DHCD Rental Housing Program Funds and EmPower funds, Permanent Mortgage financing from Boston Capital Finance, Construction Financing from CF Bank, Pre-development financing from Locus Bank, and a Payment in Lieu of Taxes provided by St. Mary's County.

Voices From the Groundbreaking
"With Villas at Lex Woods, Green Street Housing is fulfilling a decade–long vision that has leveraged over $50 million to reinvigorate the Lex Woods neighborhood—benefiting not only the 40 families who will move into these new homes, but also residents of the revitalized Lex Woods Apartments, Great Mills Court and Joe Baker Village." — Tom Ayd, Principal, Green Street Housing

"TM Associates is proud to partner with Green Street Housing and local officials to bring high–quality, energy–smart homes to Lexington Park. Villas at Lexwoods will provide long–term housing stability and opportunity for working families across St. Mary's County." —  Bob Margolis, CEO, TM Associates

A proclamation issued by the St. Mary's County Commissioners at the ceremony commended the partnership for "expanding high–quality affordable housing that will strengthen families, schools and the local economy."

Project Team & Schedule
Harkins Builders is serving as General Contractor, with Architecture by Design, Inc. as Architect and TM Associates Management as post-construction property manager. Civil and Engineering support comes from Mudd Engineering, RK&K, Bob Taylor Engineering, and Pando Alliance. First homes are scheduled for residents to move in April 2026, with full completion expected July 2026. The project will generate more than 60 construction–period jobs and provide long–term, energy–efficient housing stability for Lexington Park's workforce.

About Green Street Housing
Founded in 2004 and headquartered in Salisbury, Maryland, Green Street Housing, LLC has financed, built or preserved more than 1,500 affordable rental homes across seven Mid–Atlantic states. The firm specializes in high–performance, LIHTC–financed communities that pair deep affordability with long–term operational sustainability and resident–focused services. Learn more at www.greenstreethousing.com.

About TM Associates
With roots dating back to 1978, TM Associates Development and TM Associates Management have developed or manage over 14,000 affordable apartments in 11 states and Washington, D.C. The companies provide a full continuum of development, construction oversight, asset management and resident–service delivery, ensuring that every community remains vibrant and financially stable for the long term. Visit www.tmamgroup.com for additional information.

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Queenstown, MD, [November 21, 2024] — TM Associates and Green Street Housing, joined by the Maryland Department of Housing and Community Development (DHCD), Queen Anne’s County officials, partners, and community members proudly announce the grand opening of Slippery Hill Senior and Slippery Hill, Phase II.  This milestone marks the completion of a decade long vision to bring 186 new affordable senior and family apartments to Queen Anne’s County. 

Together with their sister community, The Village at Slippery Hill, these three phases form a dynamic, affordable living destination designed to meet the diverse needs of its residents. From thoughtful interior designs and energy-efficient features to modern amenities and a central location, these communities exemplify the best in affordable housing.

Key features include:

• Slippery Hill Senior Apartments: Spacious one- and two-bedroom homes tailored for residents 62+, serving households earning between 30% and 80% of the area’s median income.
• Slippery Hill, Phase II: A mix of one-, two-, and three-bedroom apartment homes and townhouses for families earning between 30% and 50% of the area’s median income.
• Quality finishes, including hardwood-style flooring and efficient appliances.
• Amenities such as fitness centers, eco-friendly electric vehicle charging stations, and a scenic ¾-mile walking trail.
• Convenient access to many communities on the Eastern Shore, Annapolis, Baltimore, and Washington, D.C., with on-site public transportation options.
• Proximity to local attractions like the Queenstown Outlets, restaurants, entertainment venues, and top-rated schools.

“Ever since Dave and I first stepped foot on this site in 2012, we envisioned a mixed-use intergenerational development that would provide high-quality, affordable housing in this community,” said Tom Ayd, CEO of Green Street Housing. “Seeing that vision come to life with Slippery Hill Senior and Phase II is incredibly rewarding, and we’re proud to celebrate this milestone alongside our partners and the community.”

“Slippery Hill Senior and Slippery Hill, Phase II represent a culmination of hard work and partnerships to deliver high-quality, affordable housing that enhances the lives of Maryland residents in Queen Anne’s County”, said Bob Margolis, Owner/Chief Executive Officer of TM Associates. “These communities showcase how affordable housing can be both functional and beautiful, helping to foster stability and opportunity for families and seniors alike.”

The ribbon-cutting ceremony will be held at 10am on November 21, 2024, at 320 Fallen Horse Circle.  Guided tours of the new communities and light refreshments will be offered. Parking is available on-site. at 320 Fallen Horse Circle.

Prospective residents are encouraged to schedule a private tour at:

• www.slipperyhillsenior.com for Slippery Hill Senior Apartments
• www.thevillageatslipperyhill2.com for Slippery Hill, Phase II

About TM Associates: TM Associates currently manages over 18,000 units across 423 properties in fourteen states plus Washington, D.C. TM Development has built or rehabilitated 7,000 affordable housing units. TM strives to deliver the best in diligence, dedication and services while effecting change in the communities they serve. This includes services such as after school programs, adult literacy and job placement, services that address food insecurities, in addition to more traditional amenities such as package acceptance, community room, and online rent payment.

TM doesn’t stop at providing new, luxury affordable housing options in urban and rural neighborhoods. Instead, TM aims to take it further and change the definition and perception of affordable housing in these neighborhoods. For more information, visit www.tmamgroup.com.

About Green Street Housing:  Founded in 2008 by Dave Layfield and Tom Ayd of Salisbury, MD, Green Street Housing, LLC, is a leading affordable housing developer serving communities across Maryland, Delaware, and Virginia. With a focus on high-quality, mission-driven developments, Green Street has built a strong reputation for its expertise in Low-Income Housing Tax Credit (LIHTC) financing and public-private partnerships that create lasting community impact and navigating the complex and sometimes challenging affordable housing development process. Learn more at www.greenstreethousing.com

Contact Information:

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SILVER SPRING, Md., Nov. 27, 2023 /PRNewswire/ — Green Street Housing and TM Associates Development, two of Maryland's largest affordable rental housing developers, will host a groundbreaking ceremony for Sligo Apartments in Silver Spring, Maryland on Monday, November 27, 2023.

Sligo Apartments is a new construction residential development, that is 100% affordable with restricted rents. Sligo Apartments will provide a modern, high quality apartment community dedicated to providing quality affordable housing to qualifying tenants in need, as well as market rates units and commercial rental space. The property is financed through a Low Income Housing Tax Credit (LIHTC) investment from Hudson Housing Capital and Capital One – who is also providing the permanent debt financing, as well as loans from the Maryland Department of Housing and Community Development. Ed Delany, Community Finance Senior Capital Officer for the Mid Atlantic at Capital One said "At Capital One, we understand that financing the creation and preservation of affordable housing is essential to mitigating the ongoing crisis across the nation, and especially in Montgomery County. We were pleased to once again leverage the LIHTC program, as well as provide construction debt and a Freddie Mac permanent loan, to bring the new Sligo Apartments development to life."

The co-developers, Green Street Housing and TM Associates Development, have developed many similar projects across Maryland and are proud of Sligo's promise to provide affordable housing to its residents and serve as a long-term community asset to Silver Spring and the surrounding area.

"Sligo Apartments is a great project and we are excited to bring another high-quality affordable rental community to Maryland," said Dave Layfield, Principal of Green Street Housing.

The event will be held at 715 Sligo Avenue, Silver Spring, MD at 11:30AM on November 27, 2023.  Refreshments will be provided. Parking is available on site.

About Sligo Apartments

Sligo Apartments will be a 98-unit affordable rental apartment community. The apartment building will be a five story, elevator building with a podium parking garage. Sligo Apartments will serve Silver Spring families, offering a mix of one, two, and three-bedroom apartments and will serve incomes between 30-80% of the area median income.

About Green Street Housing

Green Street Housing is a Maryland-based affordable housing developer whose principals have many years of development experience and over $100's of millions in closed transactions in the region. Green Street Housing takes great pride in its green-building practices which include Energy Star building practices and on-site solar energy production at all its Maryland affordable apartment communities.  Learn more at www.greenstreethousing.com.

About TM Associates Development

TM Associates' history of successes includes new construction and rehabilitation projects. They have enjoyed trusted partnerships with many for-profit and non-profit organizations and continue to work alongside those who share their dedication to the development and preservation of affordable housing communities. They have gained invaluable experience mastering complex projects and have been repeatedly recognized for their green-building efforts.

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