top of page

AHC Preserves 48-Unit Apartment Community in Montgomery County

November 19, 2019


AHC has acquired Brookside View, a 48-unit apartment community four miles east of downtown Gaithersburg in Montgomery County.


The approximately $6.1 million total development cost was financed completely with private funds, including AHC’s own acquisition funds. No public dollars were used to purchase the property. With Brookside View’s rents currently between 50% to 60% of the area median income (AMI), AHC’s purchase will preserve the existing housing affordability and ensure rents will remain stable.


AHC plans to moderately update the 1980s garden-style apartment community. Initial capital improvements will include installing water- and energy-saving appliances and fixtures, replacing aging heating and cooling systems and water heaters, and improving exterior areas of the property.


AHC owns seven properties in Montgomery County that provide nearly 1,300 affordable apartments.\


 

About AHC Inc.

AHC Inc., a nonprofit developer based in Arlington, VA, builds and preserves affordable and mixed-income housing in Virginia, Maryland and Washington, DC. Since 1975, AHC has developed more than 8,200 apartments in the mid-Atlantic region, including 3,400 in Arlington. AHC’s Resident Services program reaches thousands of children, teens, adults, and seniors each year through onsite education and social service programs and activities.


Media Contact: Jennifer K. Smith, Director of Communications, jennifer.smith@ahcinc.org/ 703-486‑0626 x1118

GET IN TOUCH

AHC 
2230 North Fairfax Drive
Suite 100
Arlington, VA 22201
703-486-0626

Contact Us

AHC Greater Baltimore
1501 Saint Paul Street
Suite 111
Baltimore, MD 21202
410-685-0366

Contact Us

Affordable Homes & Communities (AHC) does not discriminate against any person based on age, color, creed, disability, familial status, national origin, race, religion, sex or on any other basis legally prohibited by or protected by federal or state law. We do not exclude anyone from participation in programs and services, or deny persons the benefits thereof, or subject anyone to discrimination on the grounds of race, color, national origin, sex, age, or disability. Questions, concerns, comments or requests for accommodation, whether from employees or residents, should be directed to AHC at ahcinc.org or 703-486-0626.

CHARTERED WHITE.png
  • AHC @ LinkedIn
  • AHC @ FACEBOOK
  • AHC @ INSTAGRAM
  • Youtube

Privacy Policy

 

© 2023 AHC ALL RIGHTS RESERVED

bottom of page