Park Heights Apartments

Park Heights Apartments is an existing 100 unit Senior Affordable Housing high-rise originally built circa 1968 and located in Baltimore, MD. SAA|EVI, in a development partnership with Stratford Capital Group (“SCG”), secured a new 20 year Section 8 Project Based Contract. SAA|EVI and SCG completed the re-financing strategy which involved the issuance of Tax Exempt Bonds, HUD 221(d)(4) credit enhancement and 4% LIHTC utilized to acquire the property and complete significant repairs and upgrades to the units and common areas, as well as key building components.  The completion of all financing occured in 2016.