July 16, 2021 Housing Accelerator Action Team Meeting
July 16, 2021—Virtual meeting.
10:00AM-12:00PM
Meeting Chair: George Leventhal
Read meeting notes.
Watch Zoom video recording.
View slides shown during the meeting.
Event Recap: A Developers’ Roundtable
On May 13, 2021, developers from around the region participated in a discussion about one of PLCC’s most pressing issues: how to create and preserve affordable housing in the the face of rising property values along the Purple Line. The event brought together county officials, funders, developers, and housing experts for a comprehensive conversation about what’s needed to create new affordable units.
The even featured:
→ A tour of Purple Line stations by Ralph Bennett, board president of Purple Line NOW.
→Presentations by the directors Montgomery and Prince George’s Counties’ housing development agencies about resources for affordable housing development.
→A discussion of financing sources from Enterprise Community Partners and the National Housing Trust.
→Profiles of neighborhoods and sites in the corridor that are ideal candidates for affordable housing.
→A presentation of the Villas at Langley, the apartment complex in Langley Park recently acquired by Jair Lynch.
The event was facilitated by the Housing Accelerator Action Team, a collaboration between the region’s housing agencies, housing nonprofits, and community organizations working together to realize the recommendations in the PLCC Housing Action Plan.
Materials from the event are available below.
Presentations
A Quick Stations Tour of the Purple Line, Ralph Bennett of Purple Line Now
Advancing Affordable Housing in Prince George’s County, Director Aspasia Xypolia, Prince George’s County Department of Housing and Community Development
Catalytic Financing to Support Affordable Housing, Kladé Hare of National Housing Trust and Sharon Bollers of Enterprise Community Partners
Case Study: A Commitment in Langley Park, Phuc D. Tran of Jair Lynch Real Estate Partners
Financing Information
Enterprise Conventional Equity Information
Enterprise New Markets Tax Credits Program
Enterprise Affordable Workforce Housing Information
March 19, 2021 Housing Accelerator Action Team Meeting
March 19, 2021—Virtual meeting.
10:00AM-12:00PM
Meeting Chair: Joe Williams
Links to items that were discussed:
Headen Spring Development issues Invitation for Expression of Interest
Headen Spring Development LLC has issued an Invitation for Expression of Interest for the envisioned mixed-use development near the planned Kenilworth Ave/Riverdale Rd Purple Line station. A full description of the project is available here.
The project, as proposed, will include 290 units of affordable and market-rate housing. Headen Spring is an important opportunity in the context of PLCC’s goal to ensure no net loss of affordable housing along the Purple Line corridor and we are excited to see the development moving forward.
Additional information about the site and invitation process are included in the attached document. Submissions are requested by February 25, 2021. Prospective applicants are encouraged to email Lisa Butler McDougal or Simone Griffin with questions.