Chesapeake Habitat for Humanity

NMTC financing helped Cheseapeak Habitat for Humanity build 59 affordable, for sale homes in Annapolis.

Investment

  • NMTC Amount: $5,277,163
  • Total Project Cost: $9,593,000

IMPACT

  • 27 FTE jobs
  • 9 construction jobs
  • Construction of 59 affordable, for-sale homes.

Investor

Team building effort as a group of people raise a wall on a new

Voices from the Community

NMTC has been an important tool over the years for our organization to provide jobs and affordable housing to under served communities. Most of our homeowners are African American so this is bridging the inequity gap so vital to healing our nation.

-Candice Van Scoy, Habitat for Humanity of the Chesapeake, Baltimore, MD

Project Description

NMTC financing helped Cheseapeake Habitat for Humanity build 59 affordable, for sale homes in Annapolis. “The NMTC has been an important tool over the years for our organization to provide jobs and affordable housing to under served communities,” said Candice Van Scoy, Habitat for Humanity of the Chesapeake, Baltimore, MD.

MAP

Address: 93 Clay Street, Annapolis, 21401

Census Tract: 24510090100

Other Maryland Projects

NMTC investment is critical to making 47 quality rowhomes affordable to Baltimore homebuyers.
New rehabilitation project anchors the Hollins Market neighborhood, an area in west Baltimore hard hit by blight and disinvestment and on the edge of the University of Maryland's Bio Park.
The acquisition and renovation of a 2-story, 50,000 sq. ft. building and three townhouses.

The project consists of the rehabilitation of the 60,500 sq. foot historic Phillips Packing Company, Factory F into a mixed-use technology hub within a non-metropolitan, severely distressed tract in Cambridge,