Bolton North

Senior Housing in Baltimore, Maryland’s Historic Bolton Hill Neighborhood

Bolton North is a 209-unit senior housing high-rise located close to Baltimore’s Inner Harbor. Directly adjacent to the Maryland Institute College of Art (MICA), this senior-housing community is situated in the historic and thriving Bolton Hill Neighborhood known for its tranquil, tree-lined streets populated by an outstanding collection of restored mid- to late-19th century three-story and four-story townhouses, urban mansions, churches and public buildings. Every unit features its own walk-out balcony, wall-to-wall carpeting, individual HVAC units, well-equipped kitchens, and emergency call buttons, with 24-hour monitoring. Bolton North’s public amenities include a community dining room, game room, television room / lounge, central laundry facility, and an ample outdoor courtyard.

Total Cost

$23,180,012

Description
Bolton North consists of 209 units; all units have one bedroom, but for one, which has two bedrooms. The units are 99.5% Housing Assistance Payment (historical vacancy is below 1%).

Financing
Secured financing and funding for this project included:

$15,875,064	PNC Bank
$7,304,948	National Housing Preservation Fun