LIHTCs, RAD Save Affordable Housing for Vulnerable Populations in Baltimore Suburb

MARK O’MEARA, SENIOR WRITER, NOVOGRADAC & COMPANY LLP

It is important to preserve affordable housing, especially for vulnerable populations.

WISHROCK Investment Group did just that in Towson,

Md., when it purchased Tabco Towers, a 200-apartment

building reserved for low-income seniors and people

with disabilities. “This was an existing affordable

housing community. The odds were high that it would

have been turned into market-rate housing, or possibly

student housing for Towson University and Goucher

College,” said Bryan Shumway, principal and director

of development at WISHROCK, an affordable housing

development company. “That would have been tragic

for the 200 [families] living on the property.”

Please click on the link to continue reading the article:

Journal of Tax Credits_2018-02_TABCO