Stony Run Apartments - Delaware Valley Development Company

Stony Run Apartments

200 Stony Run Circle, North East, MD 21901
72 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

Stony Run is a newly constructed 72-unit affordable community for general occupancy in North East, Maryland. The project achieved a timely closing in September 2007 and construction was completed in winter of 2008. Sources of funding include a construction/permanent loan from Citibank, Maryland DHCD RHPP, DHCD Partnership Rental Housing Program (PRHP) and LIHTC equity.

Project Status: Completed 2008