the NHP FOUNDATION Preserves
afforable housing in MARYLAND


Alexander House
Service-Enriched Affordable
Housing in Hagerstown, MD



Alexander House was built in 1928 as a hotel in the Renaissance Revival style and renovated in 1978 to accommodate
95 residential units set aside for low-income elderly aged 62 and over, and the disabled. The ten-story property, prominently located in the center of downtown Hagerstown, also includes over 30,000 square feet of commercial and community space.

Total cost
$ 5,975,000

Description
Alexander House consists of 68 studio and 27 one-bedroom units. 100% of current households receive rental subsidy through a project-based Housing Assistance Payment contract with HUD.

Financing
The purchase price for this property was $5,700,000 and financed 100% by Enterprise Community Loan Fund. Acquisition and closing costs were covered by NHPF equity and a loan for predevelopment expenses is being provided by Falls Church Development Corporation. Secured financing and funding for this project include:

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NHPF’s diverse income and rent structure provides housing for a range of households from low to moderate income. Notwithstanding income levels, the same level of amenities and access to our services is offered to all residents.

Alexander House is just one example of how NHPF’s commitment to affordable housing has helped American families. For more information on NHPF’s properties, please visit http://nhpfoundation.org/properties.php.