OLD TOWN MANOR
Old Towne Manor
1510 E Oldtown Rd.
Cumberland, MD 21502
The 2014 acquisition and $6,000,000 rehabilitation of Old Towne Manor continues the preservation efforts of The Hampstead Companies. The LIHPRHA preservation added a new set of complex financing criteria. Hampstead's experience with the short run LIHPRHA program in the 1990's gave it the background needed to execute the purchase.
The community targets familes all below 80% AMI with 75% of the units covered under a project based HAP contract.