MD Galloway Meadows

Galloway Meadows
29418 Matthewstown Road, Easton, MD 21601

72 Units
General Occupancy
Placed in Service: 2018

Galloway Meadows was a new construction 72-unit workforce housing development in Easton, Maryland. The property, which was bank-owned, required PUD approval to achieve a sufficient density. The finished community features amenities like a community playground and on-site walking trails. The financing was straightforward, utilizing conventional acquisition and construction loans, tax credit equity, a conventional permanent loan, and DHCD RHP and PRHP funds.

Source of Funds:

• LIHTC Equity
• Maryland Department of Housing and Community Development (DHCD) Rental Housing Program (RHP) Funds
• Maryland Department of Housing and Community Development (DHCD) Partnership Rental Housing Program (PRHP) Funds
• Conventional First Mortgage
• Conventional Construction Loan