Project Class: Tax Credit Acquisition
Resident Profile: Elderly Designation
Subsidies: Section 8, Section 236 IRP, 4% LIHTC, PILOT Agreement
Financing: CDA Tax-Exempt Bonds and Freddie Mac Credit Enhancement
Agency: Maryland Community Development Authority (CDA)
Joint Venture Partners: SunAmerica Affordable Housing Partners, Inc.
Managed by: Preservation Management
Waters Tower was developed in 2001 by The Wishcamper Group LLC, an affiliate of The Wishcamper Companies, Inc. Lyndel J. Wishcamper is a member of the General Partner. The property was purchased from a national multi-family REIT.