Chesapeake Habitat for Humanity

New Markets Tax Credit Coalition

Annapolis,
(2011)

Chesapeake Habitat for Humanity

Affordable Housing, 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.

CDEs

Habitat for Humanity

Investor

Unknown

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

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