1/10/2024 0 Comments Fireside park apartmentsMore broadly, we have $140 million available for affordable housing in FY23, with $100 million of that for capital lending. All together, we achieved 177 affordable housing units near Metrorail that have been modernized, with energy efficiency improvements. “At Parkside Landing, we protected tenants from displacement preserved 118 existing affordable units and produced, through lending agreement, 59 additional affordable housing units. “We continue working to Protect, Preserve and Produce dedicated affordable housing,” said Montgomery County Executive Marc Elrich. Until recently, the property was called Fireside Park Apartments. ( RHE), acquired the apartment property in 2012 to preserve the affordable rental community and recently completed a full renovation.Ī ribbon cutting and grand reopening celebration for the project was held today. The City of Rockville’s public housing agency, Rockville Housing Enterprises, Inc. Parkside Landing Apartments has a total of 236 garden-style, one-, two- and three-bedroom apartment units. Through lending, DHCA supported preserving 118 affordable units and producing 59 additional affordable units – for a total of 177 units now priced affordably. Per Montgomery County: The Montgomery County Department of Housing and Community Affairs (DHCA) participated in financing, with a 40-year Housing Initiative Fund (HIF) loan of $5,342,517, to support preservation and renovation of 177 affordable units at Parkside Landing Apartments in Rockville.
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