McCormick-Goodhart Mansion, Langley Park, Md.

DEVELOPER:

Casa de Maryland

BACKGROUND:

The McCormick-Goodhart Mansion was constructed in 1924 as a private residence. Upon the owner’s death, the land was subdivided into low-income apartments and over time, the mansion fell vacant and neglected while the surrounding community became home to an extremely diverse immigrant community.

TOTAL DEVELOPMENT COST:

$13.8 million

KEY FINANCING:

  • Federal and state historic tax credits
  • New Markets Tax Credits

IMPACT:

  • Total Jobs Generated: 176
  • CASA de Maryland, a social services agency, developed the mansion into a state of the art, “green” Multicultural Center offering educational, vocational, and advocacy services to disadvantaged immigrant populations.
  • This LEED Gold-certified project features geo-thermal energy and a green roof.