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.
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
Enterprise Conventional Equity Information
Enterprise Corporate Resume
Enterprise New Markets Tax Credits Program
Enterprise Affordable Workforce Housing Information
National Housing Trust Purple Line Lending Information
Washington Housing Initiative Impact Pool Loan Terms