Holly Lane

Holly Lane Apartments

Address: 4900-5010 Crenshaw Avenue, Baltimore MD 21206

Size: 170 Units 

Property Type: Affordable Housing (LIHTC)

Rents: 60% of AMI (LIHTC) & 50% of AMI HI-LO (HOME Loan) 

Availability: SOLD in 2020

About This Property

Holly Lane Apartments located in the City of Baltimore, MD is a 170-unit apartment asset that was built in 1969 and rehabbed using Low Income Housing Tax Credits in June 2007. The 170-unit property comprises 140 units that are restricted to rents limited to 60% Area Median Income, 29 market rate units, and one office. In addition, there are three laundry rooms and a community center. Currently, there are 2 loans that encumber the property, the first being a HUD loan in the original amount of $10,648,600 placed in June 2007 at a rate of 5.41% due in October 2048. Compliance Period ends 2023.