Chesapeake Community Advisors

Quaker Village Apartments

Quaker Village Apartments

Quaker Village is a family apartment complex located in downtown Wilmington, Delaware.

Completed in 2001, the complex consists of 44 affordable units and 12 market rate units. The site provides parking areas, lighting, landscaping, laundry facilities, security systems and an onsite combination management/tenant association meeting room. The project’s location is convenient to schools, shopping, and public transportation.

The project was financed with tax exempt bonds and 4% Low Income Housing Tax Credits (LIHTCs).

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Project Details

Development Type: New Construction
Number of Units: 44
Type of housing: Family Apartments
Total Development Cost: $5.4 Million
Financing: Tax exempt bonds, conventional debt, City of Wilmington Soft Loans, and 4% LIHTC
Location: Wilmington , Delaware
Project Start: December 2000
Project Complete: October 2001
Development Role: Co-Developer
Unit Mix: 1, 2 and 3 bedrooms
Architect: Design Exchange Architects, Inc.
Contractor: Petrucon Construction, Inc.
Developer: Principals of Chesapeake Community Advisors, Inc. & Petrucon
Owner: Petrucon Construction, Inc.
Investor: Corporate Investors
Lender: Delaware Community Investment Corp.

33 South Gay Street, Suite 200, Baltimore, Maryland 21202 (p)410-685-6005