Southway joined the project team early providing conceptual estimating and preconstruction services for the tax credit application and throughout the entire design process. The project, developed by Enterprise Homes, Inc. and Pax-Edwards, LLC, consists of 48 new, affordable townhomes in the Lansdowne community in Baltimore County. Hollins Station offers families the opportunity to rent their homes for 15 years with the option to purchase the home at the end of that time period. During the rental period, families can participate in homebuyer counseling, work repairing their credit and establish a pattern of regular savings toward the eventual down payment and closing costs.
Utilizing a combination of debt and equity, more than $17 million was invested to develop the Hollins Station site and build the new two- and three-story townhomes, a community center and a playground. Five of the 48 homes are targeted to households with a family member who has a disability. Three of the five homes have elevators allowing access to all floors. The other two homes are specifically outfitted for persons with hearing or vision impairments.