Five affordable housing developments have been selected to receive funding from the Maryland Department of Housing and Community Development (DHCD).
The funding includes $16 million in Rental Housing Funds and $3.7 million in federal low-income housing tax credits (LIHTCs). The Rental Housing Funds program includes a number of programs aimed at rehabbing or creating rental housing and is designed to be compatible with LIHTCs, bond financing, and other funding.
The awards will help developers build or rehabilitate 255 rental units, including 41 that target disabled residents, according to DHCD.
For the fall competitive round, DHCD received 19 qualified applications.
The five selected developments will generate $54.3 million in direct construction-related expenditures. During construction, these expenditures will produce about $14.5 million in direct payroll, about 315 full-time equivalent jobs, and nearly $1 million in state and local tax receipts.
“These new construction developments provide families with affordable, quality housing and allow them to continue living and working in these communities they call home,” said DHCD Secretary Raymond A. Skinner in a statement. “This is a real example of putting housing to work in Maryland.”
Officials said the developments will also result in significant secondary economic impacts throughout the state. The total economic impact during the construction, which is the sum of the direct and secondary (indirect and induced) impacts, will amount to $86.3 million in expenditures, $24.6 million in employee income, 588 full-time equivalent jobs, and about $1.5 million in state and local tax receipts.
The developments receiving funding are:
- Homes at Elkton—Homes for America and the Severn Cos. are partnering in the redevelopment of Chesapeake Apartments, a 32-unit elderly community, and Fox Ridge Manor Apartments, a 58-unit general occupancy community, both located in Cecil County. In addition to rehabilitation of the existing 90 units, an additional eight units and a community building will be newly constructed.
- Marley Meadows—Conifer Realty is undertaking the new construction of 36 units of rental housing for families located in Glen Burnie, Anne Arundel County. The community will consist of 36 units, with 10 one-bedroom units, 17 two-bedroom units, and nine three-bedroom units. The project will be the first new affordable family development in this area in more than 10 years. Tenant services will be provided by the Boys & Girls Clubs of Annapolis and Anne Arundel County.
- North Avenue Gateway—The Woda Group is undertaking the new construction of rental housing for families located in Baltimore City. The project is composed of two four-story elevator buildings and will consist of 63 units, with 24 one-bedroom units and 39 two-bedroom units. Tenant services will be provided by the Center for Urban Families.
- Villages at Highland Commons—The Shelter Group will undertake the new construction of rental housing for families located in Aberdeen, Harford County. The community will consist of 22 townhomes, with 18 three-bedroom units and four four-bedroom units. Tenant services will be provided by the Boys & Girls Clubs of Harford County, Inc. (BGCHC).
- Mid Pine Estates—The National Foundation for Affordable Housing Solutions, in partnership with PIRHL, Inc., will undertake the new construction of rental housing for families located in Princess Anne, Somerset County. The community will consist of 36 three-bedroom townhomes.