NEWS

Silver Street Development Preserves 223 Affordable Apartments in Edgewood, MD

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…
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Silver Street Development Closes on 180 Unit Affordable Property in Asheville, NC

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,…
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Progress Continues on $20.5M Rehab of Pequot Highlands

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 and…
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RAD Conversion Secures Additional Rental Assistance for Almost 300 Units in Rochester, NY

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…
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