A large affordable housing development is on the boards for Rockville.
TM Associates Development has submitted a concept plan application to Montgomery County to build a 152-unit project at 11800 Nebel Street (map). The development, designed by Mode 4 Architecture, would take the place of a 1970s-era building on the site.
The new project would rise seven stories with several floors of apartments above one level of private structured parking. It would have a community room, fitness center, business center, and “living room” for residents. The floorplans would range from one- to four-bedrooms, affordable to 30%-80% median family income.
"The Applicant will be applying for Low Income Housing Tax Credits (“LIHTC”) from the Maryland Community Development Administration, and is actively working to identify a combination of public and private resources for the financing of this attainable housing development community," the filing with Montgomery County stated.
The renderings submitted for the project are preliminary and likely to change.
Correction: An earlier version of this article stated that the development team had applied for financial support from the Amazon Housing Equity Fund and Montgomery County. A TM Associates representative tells UrbanTurf they have not done this yet.
This article originally published at https://dc.urbanturf.com/articles/blog/a_150-unit_affordable_development_pitched_for_rockville/21866.
Most Popular... This Week • Last 30 Days • Ever
While homeowners must typically appeal by April 1st, new owners can also appeal.... read »
Home prices in the DC region have risen on an annual basis for seven consecutive mont... read »
Plans for a large new residential project above the Ellsworth Place mall in the middl... read »
Homeowners are staying put twice as long; the most profitable places to own a short-t... read »
A year ago, UrbanTurf reported on plans for a grocery store that was looking to open ... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro