What We Do
LNWA Construction has the diversified talent to handle every project from concept to completion.Read more
Facts and figures
Schumaker Place, located in Salisbury, Maryland, is a 96-unit tax credit financed community originally developed by LNWA in 1992. In 2019, seeing an opportunity to rehabilitate an important community asset while extending resident affordability, LNWA began an extensive $14M rehabilitation acting as developer, general contractor, and management agent.
The renovations to Schumaker Place are comprehensive and include new facades, energy efficient HVAC, new kitchens and bathrooms, appliances, flooring, roofs and windows. The project was financed with 2019 volume cap and 4% Low-Income Housing Tax Credits allocated by the Maryland Department of Housing and Community Development (DHCD) with funding from the Rental Housing Works and EmPOWER loan programs administered by the Maryland Community Development Administration (CDA). LNWA worked alongside long-term partner, Boston Financial Investment Management, on equity syndication.