Homes for America Completes 163-Unit Affordable Community in Oxon Hill, Maryland

by Jeff Shaw

OXON HILL, Md. — Homes for America, in collaboration with the Housing Authority of Prince George’s County and Foundation Development Group, has completed Homes at Oxon Hill, a 163-unit affordable seniors housing community in Oxon Hill, just south of Washington, D.C.

The community is age restricted and residents must earn at or below 60 percent of the area median income.

Homes at Oxon Hill is a five-story elevator building that includes a mix of one- and two-bedroom apartments.

Financing for Homes at Oxon Hill comes from the Maryland Department of Housing and Community Development, which provided $24.6 million in tax exempt bonds enhanced by Fannie Mae and Citi Bank, which also provided a construction loan; $12.8 million of Low-Income Housing Tax Credits, syndicated by Enterprise Community Partners; $3.5 million of Rental Housing Works funds; $600,000 Partnership funds and $489,000 of MEEHA Grant funds. Prince Georges County Department of Housing and Community Development provided $1.5 million in HOME funds.

The Housing Authority of Prince George’s County owns the ground lease.

The development team partners include Quinn Evans Architects, Harkins Builders, Soltesz Civil Engineer, Pando Alliance and Humphrey Management.

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