The NHP Foundation to Preserve Overlook Manor Townhouses as Affordable Housing in Frederick, MD
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Overlook Manor Townhouses
“Closing out 2020 with such an achievement assures many more years of reliable housing for residents, and NHPF is working toward closing a larger refinancing next year that will allow us to do a substantial rehabilitation of the property,” said Richard F. Burns, President & CEO of NHPF. NEW YORK (PRWEB) December 21, 2020 In keeping with its mission to preserve affordable housing, national not-for-profit The NHP Foundation (“NHPF”) has acquired Overlook Manor, 63 townhouse units in nine buildings for a moderate rehabilitation. NHPF closed on the purchase of the property with a $10 million acquisition bridge loan provided by the Low-Income Investment Fund (LIIF).