NHPF remains very concerned regarding the overall health and well-being of our 25,000 residents during the Covid-19 crisis. We have been actively working with our third-party management companies in taking steps such as increased cleaning of common areas, limiting resident contact except for emergency situations and, through our resident services program subsidiary Operation Pathways, providing resources for financial assistance, food, medicine, transportation, and needed supplies. In addition, we have placed a moratorium on all evictions for non-payment of rent for the duration of this crisis and are actively engaging our residents who have been financially impacted to discuss payment plans. We fully appreciate the social and emotional tolls the length of this crisis have taken on our residents and we will follow all local and state government directives regarding the reopening of our sites and community centers. The safety and well-being of our residents remains our highest priority.

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:

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