Beneath the residential building is a 120,000 square feet state-of-the-art County recreational and aquatic facility and a Holy Cross health facility.
The planned HOC HQ will be located directly across the street, further solidifying HOC’s commitment to Silver Spring.
The development was funded with the following: HOC tax-exempt bonds ($55,000,000) w/ Mortgage Insurance by FHA Risk Share Program; LIHTC Equity ($35,206,000); HOC Equity: ($22,178,185) and County Funds: ($8,000,000).