MD Stony Run

Stony Run
200 Stony Run Circle, North East, MD 21901

72 Units
General Occupancy
Placed in Service: 2008

Stony Run is a newly constructed 72-unit affordable community for general occupancy in North East, Maryland. Located on bustling Rt. 40 in Cecil County, Stony Run provided residents with ample access to area amenities and employment opportunities. Utilizing Victorian-inspired architecture, the community is consistent with much Cecil County. The project financing was straightforward the construction was completed within a year.

Source of Funds:

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