Real Estate Portfolio > Affordable Housing Developments > Magnolia Meadows
Magnolia Meadows
7080 Lauren Lane, #1001, Easton, MD 21601
99 Units
General Occupancy
Sources of Funds
- Conventional construction/permanent loan
- Maryland Department of Housing and Community Development (DHCD) Rental Housing Production Program (RHP)
- DHCD Partnership Rental Housing Program (PRHP)
- Low Income Housing Tax Credit (LIHTC) equity
Project Description
Magnolia Meadows is a new construction 99-unit affordable family community located in Easton, Maryland. Project funding included Low Income Housing Tax Credits, Maryland Department of Housing and Community Development (DHCD) Rental Housing Partnership Program (RHP) funds and private funding from Mellon Bank. The project was completed on time and within its original budget.