NHPF Annual Report 2013

Building Communities

HOLLY SPRING MEADOWS Transit-Oriented Property

CAPITAL COURTS A Highly Visible Garden Apartment Community Capital Courts, in Maryland’s Capitol Heights, offers a

Holly Spring Meadows, in Forestville, Maryland, is a superior, affordable multifamily property. Its secluded entrance leads to an attractively landscaped, garden- style community. Composed of 224 1-, 2-, and 3-bedroom units, Holly Spring Meadows features 24-hour security and maintenance services and on-site public transportation in a comfortable and well-lit environment.

great location and spacious apartments. The property is in excellent condition, with all-new thermal windows, kitchens, roofs and furnace units. It features controlled-entry buildings, on-site laundry facilities, a playground, off-street parking, and a swimming pool. The 200 units vary in size from 1-3 bedrooms and offer central heat and air conditioning, private patios or balconies, and spacious closets.

TOTAL COST $20,607,970

SECURED FINANCING $14,430,000 PNC BANK $6,177,970

TOTAL COST $18,253,724

NATIONAL HOUSING PRESERVATION FUND

SECURED FINANCING $12,800,000 PNC BANK $5,453,724

NATIONAL HOUSING PRESERVATION FUND

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