![]() ![]() The renovation work will include updating the units, replacing and or upgrading common areas and major systems, and adding accessibility improvements. The property was in need of a moderate renovation estimated to cost $1.2 million and paying off the first mortgage and buying out the Co-General Partner made up the balance of CHC’s $2.1 million loan to St. Ambrose had the first option to purchase the property. ![]() ![]() The 15-year tax credit compliance period ended in December 2015 and St. Situated in 4-story elevator buildings, the property contains 70 one-bedroom units available to senior residents with incomes ranging from 10% to 60% of area median income.Īigburth Vale was originally developed with LIHTC and HOME monies. Ambrose Housing Aid Center, a Baltimore, Maryland, nonprofit, received a $2.1 million loan from Community Housing Capital to support the recapitalization and preservation of Aigburth Vale, a senior, affordable, multifamily project in Towson, Maryland. Ambrose Housing Aid Center Baltimore, MD Project: Aigburth Vale ApartmentsĬounted as part of the units of another loan ![]() Ambrose Housing Aid Center - Aigburth Vale Apartments $2.1MM ![]()
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