Princess Anne Townhouses Get New, Nonprofit Owner

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The NHP Foundation, a national not-for-profit provider of affordable housing, has received an $8.7 million acquisition loan through the National Affordable Housing Trust, in partnership with the Low Income Investment Fund and Morgan Stanley, to purchase the Princess Anne Townhouses in Princess Anne, MD. The 120-town home property will be rehabbed and preserved as affordable housing for current residents, most of whom make 80% or less of the Area Median Income. Read more in the Delmarva Daily Times.