Wednesday, September 16, 2009

Affordable Housing Coming Soon to Bethesda

Construction may begin as soon as the first quarter of 2010 on central Bethesda's new affordable housing project. The Edgemoor's 12 units of affordable housing on Hampden Lane near Arlington Road. The Housing Opportunities Commission (HOC) in Montgomery County, MD plans for all units to be urban style residential units. The units will consist of an even split between one-bedroom rental apartments and studios.

John Poyer, Housing Acquisition Manager for the project explained that HOC will develop, own and manage the property, which will be financed with a combination of Low Income Housing Tax Credits and a loan from Montgomery County.
According to Poyer, the financing is lined up and construction should begin in 2010. HOC serves as a public housing agency, a housing finance agency and a housing developer, serving Montgomery County.

A mere two blocks from the Bethesda Metro, the Edgemoor will not offer onsite parking. The building will be four stories high and offer residents a courtyard for "passive recreation"and an interior "party room" for gatherings. The facility will also offer a computer room and fitness center for residents.

Other partners involved in the development are the designer, NOA Architects, and the civil engineer, Macris, Hendricks, Glascock, P.A. The building will be built to LEED certification standards, but HOC will not apply for certification, given the extra costs entailed. LEED Consulting was provided by EDG.


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