the NHP FOUNDATION
afforable housing in MARYLAND
Classic Charms in
Maryland's Capital Heights
Woods at Addison apartment community offers beautiful garden-style apartments minutes from shopping, the Washington DC Metro, and a short rite on the Metro’s Blue Line to downtown Washington. The property includes a pool, picnic area, playground, and new entrances with controlled-access entry. The apartments provide on-site management; maintenance is available 24-hours a day. The 225 units each include spacious floor plans, new thermal windows, wall-to-wall carpeting, modern kitchens, private balconies or patios, and large closets. The units contain one, two, or three bedrooms, the last of which features 1.5 bathrooms.
The Woods at Addison is comprised of 44 single-bedroom units, 155 two-bedroom units, and 26 three-bedroom/1.5 bath units. At least 69% of current households are income eligible for tax credits (at/under 60% AMI). The majority of these households are working, with over 60% earning between 30% and 60% AMI.
The purchase price for this property was $19,600,000.
Secured financing and funding for this project included: