UNDER CONSTRUCTION
Randolph Road is an innovative new partnership between AHC Inc. and Habitat for Humanity Metro Maryland. The new apartment community will create 195 deeply affordable leveraging Montgomery County land in Silver Spring. Now under construction, the Randolph Road Community includes 85 hard-to-find, family-sized, three- and four-bedroom homes. Randolph Road will start welcoming new residents in early 2023. Contact Jennifer.Smith@ahcinc.org with any questions or concerns about the project.
About the Project
Now under construction, AHC Inc. and Habitat for Humanity Metro Maryland broke ground on a 195-home, deeply affordable community. The development is one of the largest new construction, affordable development of its kind in Montgomery County, Maryland, and includes 85 hard-to-find, family-sized, three- and four-bedroom homes. The community will co-locate rental and homeownership housing options and offer onsite resident services programming and childcare
Key Features of the Development
In addition to large, family-sized units, the Randolph Road community will include a community center, onsite resident services staff and programming, a fitness center, and a half-acre public park with a playground, picnic area, inviting pedestrian walkways, and open lawn areas. Space will be available onsite for a future childcare provider.
Sustainable Design
The entire project will meet National Green Building Standards and Energy Star compliance, with increased building insulation, LED lighting, and WaterSense plumbing fixtures. In addition, the site will include six EV charging stations for residents – with the capability to add another 10 stations if the demand increases. The electrical infrastructure and roof are designed for solar energy panel installation.
Local and National Funding Partners
- Haresign Architects
- Bonstra (design & development)
- Parker Rodriguez Landscape Architects
- Johnson Bernat Associates (civil engineer)
- Kimley-Horn (traffic engineer)
- Harkins Builders (construction)
- Lerch Early Brewer (zoning attorney)
- Klein Hornig (tax credit attorney)
AHC Inc.’s $86 million affordable apartment development successfully competed for a variety of local, state, and national funds, including $27 million in low-income housing tax credit equity (LIHTC); a nearly $24 million loan from the Montgomery County Housing Initiative Fund (HIF); a $500,000 loan from the Federal Home Loan Bank of Atlanta; and, from the Maryland Department of Housing and Community Development Administration (DHCD), a $2 million Rental Housing Program loan, $3.5 million Rental Housing Works loan, and $300,000 in Maryland Energy Efficiency and Housing Affordability Program (MEEHA) funds. Hudson Housing Capital syndicated the LIHTC, which were purchased by Capital One. Other sources include a construction loan from Capital One and a permanent mortgage loan originated by Capital One and guaranteed by Freddie Mac.
News
- In complex public-private deal, AHC, Habitat for Humanity building rare ‘deeply affordable’ housing in Silver Spring, BizJournal, 1/23/23
- Montgomery County’s ‘largest-ever’ affordable housing project launches, Washington Post, 1/19/23
- Condado Montgomery Inaugura neuvo program de vivienda asequible, Telemundo, 1/18/23
- Montgomery Co breaks ground on Randolph Road community affordable housing development, WTOP, 1/20/23
- 195 unit affordable housing project unveiled in viers mill corridor, Bethesda Beat, 1/19/23
Address
4010 Randolph Road, Silver Spring, MD 20902
