US EditionHorning Acquires 288-Unit Multifamily Community in Suburban D.C., Places Income Restrictions
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Horning Acquires 288-Unit Multifamily Community in Suburban D.C., Places Income Restrictions
HYATTSVILLE, MD. — Horning has acquired Plaza Towers Apartments, a 288-unit multifamily community located in Hyattsville, a suburb of Washington, D.C. Horning has agreed to 99-year affordability covenants on all the building’s units, capping rents between 40 and 80 percent of the area median income (AMI). Amazon’s Housing Equity Fun provided $18.7 million in low-cost financing, while Prince George County contributed $3 million through its Right …
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