In October of 2021 Park Lake Hempstead, L.P. closed on the financing for the renovation of 240 units of Section 8 housing in the Village of Hempstead in Nassau County, New York. The developers Metropolitan Realty Group (MRG) and Silver Street Development, teamed up for the preservation and transformation of the Park Lake Apartments. Scott

Silver Street Development Corporation (“Silver Street”) is proud to announce the successful completion of the substantial ($13,000,000) rehabilitation of its 200-unit Newport Harbour property in Newport News, VA.  Silver Street’s acquisition of Newport Harbour and its subsequent rehabilitation was financed via a 4% LIHTC transaction utilizing $18,000,000 tax-exempt bonds issued by the Newport News Redevelopment

Silver Street Development Corporation (“Silver Street”) is proud to announce the successful completion of a substantial ($7,200,000) renovation at its 101-unit Silver Park West property  located in Baltimore, MD. Originally constructed in 1978, the property was previously known as Orchard Mews Apartments. Following the acquisition, renovation, and renewed commitment to preserve the property as affordable

Silver Street Development Corporation has recently completed its $12 million rehabilitation of the Ledgewood Village Apartments, a 180-unit property located in Asheville, NC.  Originally constructed in 1978, Ledgewood consists of 27 buildings and 1 community building situated on 21 acres with significant mature tree cover and topography.  The results of the extensive and costly site work

Silver Street Development, in a joint venture partnership with LIHC Investment Group, has acquired Marble Hall Apartments in Tuckahoe, NY. The transaction closed on March 24, 2021 and a substantial $5,500,000 renovation to the property will begin promptly. A combination of tax-exempt bonds, LIHTC equity and HUD financing made up the capital stack for

Sliver Street Development is proud to announce the creation of Silver Georgetown JV, LLC (SGJV), a joint venture between Silver Street Development Corporation (SSDC) and Georgetown Development Partners (GDP). GDP specializes in the preservation and development of affordable housing. We provide development services for public and private (not-for-profit and for profit) organizations including housing

Silver Street Development Corporation is nearing completion of its $11 million rehabilitation of the Village at Lakeview apartment complex, a 223-unit family LIHTC property located in Edgewood, MD. Silver Street acquired the property in May 2018 and the rehabilitation is currently approximately 77% complete with substantial completion scheduled for June of 2019. The property has

Silver Street Development Corporation recently closed on a transaction in Asheville, NC that will preserve the affordability of 180 apartments for years to come. Ledgewood Village is a two story, townhouse & garden style community in the Sayles Village neighborhood of Asheville. Ledgewood Village is a true community, with a clubhouse building with computer lab,

https://www.youtube.com/watch?v=H9uoEGzK3W0 Pequot Highlands, a 250-unit affordable housing community in Salem, MA, is undergoing a remarkable $20.5M rehabilitation as part of Silver Street's 2016 acquisition of the property. The rehab's centrepiece is its $11M façade overhaul, in which the red brick popular in the 1970s is being replaced with modern, insulated, and energy efficient metal paneling

Silver Street has completed a Rental Assistance Demonstration ("RAD") conversion at Charlotte Harbortown Homes, a 553-unit LIHTC development in Rochester, New York. The RAD conversion resulted in a new Section 8 Project-Based Voucher ("PBV") Program contract with the Rochester Housing Authority providing rental assistance to 290 additional units at the property. Originally constructed in 1974, this