Park Tanglewood Apartments
5309 Riverdale Road, Riverdale, MD 20737
Park Tanglewood features select newly renovated spacious studio, one, and two bedroom floor plans and amenities at an affordable rate.
Property Overview
- Market to Affordable conversion
- Increased City of Riverdale’s affordable stock
- Financed with 4% Tax Credits and Freddie Tax Exempt Bonds
- Completed construction Q4 2017- budgeted rehab scope of 7.6mm ($42k per unit)
- Obtained a PILOT and 9 HAP units with Prince George’s County
- Amenity additions will include community room, service program, computer lab, accessibility routes and upgraded leasing office
Affordable Requirements:
- LIHTC LURA – 100% at 60% AMI