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WBJ: MHP Nebel Street Project Among Recipients of Amazon Grants

The Washington Business Journal recently announced Amazon’s commitment of $163 million in grants to affordable housing preservation and development projects in the Washington, DC, region. This includes MHP’s Nebel Street development in Rockville. The full article is here (behind a paywall).

Montgomery Housing Partnership will receive a $2.2 million grant to build new apartments in White Flint on Nebel Street at the intersection of Old Georgetown Road. All 163 units will be preserved as affordable for households earning between 30% and 80% of area median income.

Amazon launched the Housing Equity Fund — a $2 billion commitment to preserve and build 20,000 affordable homes in its three hub regions — in January 2021.

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MHP Receives $2.2 Million Grant from Amazon Housing Equity Fund

(Silver Spring, MD)   MHP recently received a $2.2 million grant from the Amazon Housing Equity Fund to support the ground-up development of our Nebel Street property in North Bethesda, MD.  This contribution will provide hard-to-find predevelopment costs for the project and will be reinvested into the property to write down rents so that at least 10% of the units can be affordable to families making no more than 30% of area median income.

The Nebel Street Development is a dynamic project that will be an asset to the community, providing affordable housing in a fast-growing, convenient area near transit in North Bethesda. The property in its current form is an undeveloped parcel of land. Once complete, it will contain 163 affordable units in addition to amenities such as a community center.

“We’re excited to partner with Amazon and serve as an integral part of their plan to preserve existing affordable housing and create more inclusive housing developments across the greater DC metro region,” said Robert Goldman, President of MHP. “With Amazon’s generous donation, MHP is one step closer to the completion of our Nebel Street project, which will provide critically needed quality affordable housing in Montgomery County and bring greater stability and access to opportunities for low-income members of our community.”

This is MHP’s second partnership with Amazon. MHP’s Residences at Forest Glen project was selected by the Metropolitan Washington Council of Governments (COG) to receive $75,000 in grant funds from the new Housing Affordability Planning Program. The program is administered by COG and backed by the Amazon Housing Equity Fund to advance initiatives to build affordable housing in transit-oriented communities.

With today’s announcement, the Amazon Housing Equity Fund has committed to create or preserve more than 10,000 affordable homes across the company’s hometown communities so far. Amazon’s commitment focuses on low-to-moderate income individuals and families, representing first responders, teachers, and service industry employees whose wages haven’t kept pace with escalating rents. To learn more about the Amazon Housing Equity Fund, click here.

 

MHP-media-release_Amazon Grant

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Meet Walter

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Long Branch Festival is Sept. 9-10

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MHP Helps Residents Gain Affordable Technology Access

MHP is working to expand our residents’ access to technology. This includes partnering with Comcast, which offers free and discounted broadband Internet service through the Affordable Connectivity Program (ACP). ACP is a governmental subsidy program that provides eligible low-income households with a credit up to $30 per month toward the cost of Internet and/or mobile service. MHP has been sharing this information with our residents to make them aware of the ACP program.

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Goldman Discusses Purple Line Impacts on Market-Rate Affordable Housing

MHP President Robert A. Goldman talked to Greater Greater Washington about the potential impacts of the Purple Line on the availability of naturally occurring, market-rate affordable housing, particularly in communities like Long Branch and Langley Park.

Read more here.

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Candidates Forum in Long Branch

MHP was proud to host a County Executive Candidates Forum at the Long Branch Community Center on June 29. The session was co-sponsored by the Long Branch Business League, Community CHEER, and the Sligo Branview Community Association. More than 125 people attended. The session featured community resident moderators. Participating candidates were David Blair, Marc Elrich, Peter James, Hans Riemer, and Shelly Skolnick. They responded to questions from the community about quality-of-life issues, including traffic, safety, and access to affordable housing.

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MHP’s Forest Glen Project To Receive COG/Amazon Grant

MHP’s Residences at Forest Glen project is one of 10 affordable housing initiatives in the Washington, DC, region that has been selected by the Metropolitan Washington Council of Governments (COG) to receive grant funds from the new Housing Affordability Planning Program (HAPP). The program is administered by COG and backed by the Amazon Housing Equity Fund to advance initiatives to build affordable housing in transit-oriented communities.

Residences at Forest Glen will receive $75,000 for predevelopment expenses like building permits and entitlements. The 72-unit, three-story apartments in Silver Spring will be redeveloped into five-story buildings with 189 multifamily residential units to increase affordability.

A Washington Business Journal article describing the Amazon initiative is here (subscription required).

 

 

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