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Silver Spring’s Argent to Become Low-Income Housing

  • July 28, 2010

by Will Smith

Silver Spring's Argent to Become Low-Income Housing: Figure 1

On Friday we wondered about the future of Argent, a 96-unit condominium project near the heart of downtown Silver Spring at 1200 Blair Mill Road (map). The project delivered in a historically bad market last spring, and was ultimately taken back by the bank. It has sat empty since as the bank looked for a buyer.

No sooner had we posted on Friday than an eagle-eyed reader pointed us to this application with Montgomery County by Pallas Properties, a developer of affordable housing. On June 22nd, Pallas applied for low income housing tax credits to the tune of $13 million, and the application was approved Montgomery’s County Council on July 2nd.

Assuming the developer’s plans continue, it appears Argent will be relaunched as rental housing for lower-income families.

See other articles related to: silver spring, dclofts, argent

This article originally published at http://dc.urbanturf.com/articles/blog/silver_springs_argent_to_become_low-income_housing/2311

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