Montgomery County Executive Marc Elrich joined developers and community leaders on Oct. 23 for a ribbon-cutting ceremony at an affordable housing residence in Silver Spring for tenants age 62 and older. Willow Manor at Fairland is a new, $24 million, three-story, 121-unit apartment building located adjacent to East County Regional Services Center, the East County Community Recreation Center and FLASH, a transit service running along US 29 between downtown Silver Spring and Burtonsville.
The project, at 13605 Robey Road in Silver Spring, represents a continuing effort by County leaders to maintain and build affordable housing for County residents – including those age 62 and older.
“We are committed to helping older County residents remain active in their community and Willow Manor at Fairland supports that commitment with affordable stabilized rents for half the residents,” said County Executive Elrich. “We have leveraged County-owned land to produce many more affordable units for seniors than would have been possible. It is a great community adjacent to two community-based government centers with strong vibrant programs for residents, and a host of community and government services and transit enhancements to provide both affordability and amenities for maintaining quality of life and community connections.”
The apartment building design promotes connection and group activities with on-site residential social events, a large community room, computer café, resident lounge and fitness room.
Willow Manor at Fairland includes 121 mixed-income apartments for people age 62 and older. Six units are rented to those with income less than 30 percent of area median income (AMI); six are rented to those with income between 31 percent and 50 percent AMI; 48 are rented to those with income between 51 percent and 60 percent AMI. All told, there are 60 affordable units and 61 units rented at market rate.
The project was built as a partnership by the Willow Manor at Fairland, Limited Liability Limited Partnership, formed by KB Companies, Inc. Funding for the project included approximately $16.6 million from AGM Financial/Wells Fargo, $2.5 million in Maryland DHCD-Rental Housing Funds; $600,000 in Montgomery County Housing Initiative Funds; $3.1 million in Low Income Housing Tax Credit Equity; and, $1.4 million in Developer Deferred Fees.
County assistance also included a 60-year ground lease of approximately 2.1 acres of County land and a Payment in Lieu of Taxes, or PILOT, agreement.
For more information about Willow Manor at Fairland Senior Housing Community, contact Habitat America at 443-716-2550 or visit Willow Manor at Fairland.
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