The NHP Foundation has acquired Princess Anne Townhouses. The foundation plans to make improvements, manage and maintain the property.
A link has been sent to your friend’s email address. The Washington Inn and Tavern has adjusted their menu to draw former Peaky’s customers.
Produced by Ralph Musthaler The nonprofit NPH Foundation intends rehab Princess Anne Townhouses, a 120-town home property, in late 2018, early 2019. (Photo: submitted image) Princess Anne Townhouses has a new owner. The NHP Foundation, a national not-for-profit provider of affordable housing, announced it received an $8.7 million acquisition loan through the National Affordable Housing Trust, in partnership with the Low Income Investment Fund and Morgan Stanley, to purchase the Princess Anne Townhouses.
The foundation intends rehab the 120-town home property in late 2018, early 2019. The 30475 Pine Knoll Drive property includes 54 Section 8 units, 49 Low Income Housing Tax Credit units and 17 units at 80 percent Area Median Income — each featuring two to three bedrooms. More: Shore spelling bee winner is teen from Princess Anne The NHP Foundation has committed to providing updated kitchens, baths, flooring and in some cases, additional bedrooms to provide increased accessibility.
Princess Anne Townhouses are located on Pine Knoll Drive. (Photo: submitted image) “In keeping with our other recent acquisitions, Princess Anne will be an energy-efficient property in compliance with Enterprise Green Standards, and the property will also benefit from resident services via NHPF’s affiliate program, Operation Pathways.” said Neal Drobenare, the foundation’s senior vice president of acquisitions. More: Washington Inn adapts menu to draw former Peaky’s customers for breakfast More: Mosque comes to Princess Anne The NHP Foundation is a publicly supported 501(c)(3) not-for-profit real estate corporation. Read more from delmarvanow.com…
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