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Lexington Park, MD, [December 17, 2024] – TM Associates and Green Street Housing have closed on financing for the acquisition and rehabilitation of Joe Baker Village and Great Mills Court, two affordable housing communities in Lexington Park, Maryland. This $15.2 million redevelopment, supported by 4% Low-Income Housing Tax Credits (LIHTC) and loans from the Maryland Department of Housing and Community…
Category Archives: Redevelopment
Dec
17
2024
Smithsburg,MD, [December 17, 2024] – Green Street Housing and TM Associates, in partnership with Interfaith Housing Alliance, is pleased to announce the successful closing of financing for the acquisition and rehabilitation of The Point at Smithsburg, an affordable housing community in Smithsburg, Maryland. This $18.5 million redevelopment, supported by 9% Low-Income Housing Tax Credits (LIHTC) from the Maryland Department of…
Aug
07
2024
2024 Readers’ Choice Awards: Rural Finalist The newly renovated Fox Ridge Apartments mix like-new updates with full rental subsidies for residents. In Princeton, a small West Virginia town of just under 6,000, quality housing was scarce-particularly for residents on fixed incomes. Then, TM Associates stepped in. The development company launched a multiyear renovation of the…