NHPF Builds Maryland

Hollander Ridge 3000 Rockwood Avenue, Baltimore, MD 21237 / 94 units

Working with the Housing Authority of Baltimore City, NHPF acquired and undertook a major rehabilitation of Hollander Ridge, a 94-unit, single-family home RAD redevelopment available to families who earn 60% of AMI or less in Baltimore City, Maryland. These homes are in neighborhoods described as areas of high opportunity, with strong and diverse communities, high performing schools, low crime,

low rates of poverty and neighborhood amenities including access to grocery stores, medical facilities and community centers. The single-family housing types are representative of the City’s architectural diversity which includes townhomes, single-family detached and semi-detached homes. Since all residents were newly moving in from other housing, no relocation efforts were involved. The acquisition and redevelopment costs of the Hollander Ridge development totaled $41 million.

Overlook Manor Townhouses 121 Tillman Place, Frederick, MD 21703 / 63 units

Overlook Manor was acquired on November 24, 2020 and recently completed a substantial rehabilitation using a HUD- insured mortgage, short-term tax-exempt bonds and Low- Income Housing Tax Credits. The property was built in 1985 and contains 63 townhouse units in 9 buildings (plus an office). The rehab work included replacement of most kitchen and bathroom components, HVAC equipment, water heaters, windows, light

fixtures and flooring. Substantial work was also done to the building exteriors, such as replacement of all roofs that weren’t replaced in the last few years and patching/seal coating of the parking lots. In addition, one-bedroom extensions were added to the first floor of 4 end units to create barrier free (ADA) units.

The Residences at Pine Knoll 30475 Pine Knoll Drive, Princess Anne, MD 21853 / 120 units

This tax credit property has 120 LIHTC units with 54 units covered by a Section 8 contract, each featuring two, three or four bedrooms. NHPF acquired the garden-style property in 2018 and committed to providing updated kitchens, baths, major HVAC systems, and in some cases, additional bedrooms to provide increased accessibility. The Residences at Pine Knoll is now an energy-efficient

property in compliance with Enterprise Green Standards, and the property also benefits from resident services via NHPF’s subsidiary, Operation Pathways. Community amenities include a freestanding brick clubhouse with leasing offices, on-site laundry facility, business center and fitness center, along with a large central playground. The clubhouse is used to provide after-school and summer day care and activities for resident’s children. A small additional building houses the maintenance office and shop. The renovation of The Residences at Pine Knoll was completed in 2022, with 100% of residents being relocated on site during the rehabilitation.

NHPF BUILDS MARYLAND