Home | Newsletter | Advertise
loading...

Silver Spring's Argent to Become Low-Income Housing

  • July 28th 2010

by Will Smith

✉️ Want to forward this article? Click here.

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: argent, dclofts, silver spring

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

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!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse