Rockville
REAL ESTATE
Affordable Rental Opportunity– Opening Fall 2024
Affordable Rental Opportunity– Opening Fall 2024. 610 Park Road NW, Washington, DC 20010 – Park View Neighborhood. *Minimum income limits do not apply if the household receives mobile housing assistance (VASH, Section 8, MRVP, etc.) HH Size50% AMI60% AMI80% AMI. 1$54,150$64,980$86,640. 2$61,900$74,280$99,040. 3$69,650$83,580$111,440. 4$77,350$92,820$123,760. 5$83,550$100,260$133,680. 6$89,750$107,700$143,600. 7$95,950$115,410$153,520. 8$102,150$122,580$163,440.
Bright MLS Weekly Market Report
List prices still tracking above last year. The median list price in the Mid-Atlantic is flat from last week for the week ending July 21, sitting at $425,000. Compared to last year, the median list price is 6.5% higher for the same week, marking continuing affordability challenges in the region. Southern Maryland is the only market in the Bright MLS service area where list prices were lower than a year ago.
Innovative affordable housing for underserved communities coming to Columbia
Construction will begin this month on Patuxent Commons, a new 76-unit affordable apartment for adults with disabilities, older adults and families. The new community, located on Freetown Road, is the result of a partnership between Mission First Housing Group, the Howard County Housing Commission and the Autism Society of Maryland.
The NRP Group and Marshall Heights Community Development Organization Break Ground on Affordable Housing Community
WASHINGTON, DC -The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with Marshall Heights Community Development Organization, Inc. (MHCDO), has closed on construction financing for Emblem, a 115-unit, entirely affordable housing community in the middle of the thriving NoMa and Union Market neighborhoods. The community will be entirely reserved for families and individuals earning up to 30% and 50% of the Area Median Income (AMI).
NewPoint Provides $22.3 Million in Freddie Mac Workforce Housing Preservation Financing for Maryland Multifamily Communities
ARDMORE, PA - NewPoint Real Estate Capital ("NewPoint") has provided $22.3 million in Freddie Mac Workforce Housing Preservation financing to NOVO Properties ("NOVO") to refinance Tudor Place Apartments and Canonbury Square Apartments – neighboring garden-style multifamily communities located in Takoma Park, MD. The refinancing was originated by Martin Fayer, Senior Managing Director at NewPoint.
Long & Foster agent named to Va. real-estate regulatory body
Gov. Youngkin has appointed René Fonseca, an agent from Long & Foster Real Estate’s McLean office, as a member of the Virginia Real Estate Board. Fonseca leads the Fonseca Group at Long & Foster with his wife, Deborah DeMoss Fonseca, and son Daniel. “René’s appointment to the Virginia...
Toll Brothers Apartment Living Signs Major Retail Lease at Vermeer, a Luxury Mixed-use Multifamily Community Opening in Washington DC
Toll Brothers Apartment Living, the rental division of Toll Brothers, Inc., the nation’s leading builder of luxury homes, announced the signing of Gold’s Gym as its first retail tenant at Vermeer, a luxury mixed-use multifamily community located at 113 Potomac Avenue SW in Washington, D.C. The deal was...
Real Estate Fresh Finds: July 24, 2024
Real Estate Fresh Finds is a weekly selection of newly listed properties in the District, brought to you by RLAH Real Estate. Featured Property of the Week: 2001 12th Street NW #313. COMING SOON: “Welcome to this exceptional 2-bedroom, 1.5-bathroom condo in the coveted Lincoln condominium on the vibrant U...
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