• Twitter
  • Facebook
  • Instagram
  • LinkedIn
  • Youtube
  • News & Events
  • DONATE TO MHP
  • Support
  • Contact
Montgomery Housing Partnership
  • About
    • Mission & Values
    • Financial Documents
    • History
    • Staff
      • Spirit of MHP Winners
    • Employment
    • Board
    • Privacy Policy
    • Video Gallery
    • Awards
    • Thank You
  • Housing People
    • MHP Properties
    • Projects in Development
    • Affordable housing FAQs
    • Our Impact
  • Empowering Families
    • Community Life Programs
      • Play and Learn Preschool Program
      • Elementary School Programs
        • Homework Club
        • GATOR
      • FLOW Teen Program
    • Resident Stories
    • Our Impact
  • Strengthening Neighborhoods
    • Advocacy
    • Community Development
      • Green Programs
      • Building Strong Neighborhoods
        • North Wheaton
        • Long Branch
        • Bonifant Street
        • Glenville Road
    • Apartment Assistance Program
    • Our Impact
  • Publications
    • Media Kit
    • MHP in the News
  • Languages
    • English
    • Amharic
    • Arabic
    • Chinese
    • Dutch
    • French
    • German
    • Italian
    • Portuguese
    • Russian
    • Spanish
  • Search
  • Menu Menu
Latest News, News

MHP Nebel Street Apartments Awarded 9% State Tax Credits

(Silver Spring, MD)   MHP’s Nebel Street Apartments project was recently awarded 9% tax credit funds through the Maryland Department of Housing and Community Development’s 2022 9% application round for federal Low Income Housing Tax Credits and state Rental Housing Funds.

Through a competitive application process, Nebel Street Apartments was selected to receive twinned 9% and 4% tax credit awards, the only project in Montgomery County to receive such funding in this application round. This will enable MHP to advance the project with greater financial stability and deeper affordability with10% of units reserved for families making no more than 30% of area median income.

The Nebel Street Apartments 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, classrooms, onsite leasing office, pocket park, and other green spaces available to residents and the community at-large.

In addition to state funding, Nebel Street Apartments received a $2.2 million grant from the Amazon Housing Equity Fund to support deeper affordability.

Governor Larry Hogan announced nearly $32 million in awards for 12 projects as part of this competitive round, including Nebel Street Apartments. Recent state awards will result in the creation or preservation of 1,340 high quality, energy-efficient, affordable rental units throughout Maryland. Read the Governor’s press release here.

 

Read the full media release here.

 

September 28, 2022/by Ilana Guttin
Tags: affordable housing, Amazon, philanthropy
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
https://mhpartners.org/wp-content/uploads/2022/09/Nebel-Street-2022-07-12_22-Photo-1.png 1080 1920 Ilana Guttin https://mhpartners.org/wp-content/uploads/2020/07/logo-300x56.png Ilana Guttin2022-09-28 14:47:572022-09-28 14:51:43MHP Nebel Street Apartments Awarded 9% State Tax Credits
You might also like
MHP Advances Projects in Purple Line Communities
Solar Panel Event at Crescent Park Village
MHP Receives $2.2 Million Grant from Amazon Housing Equity Fund
TD Charitable Foundation Grant Supports MHP Workforce Development Efforts
MHP’s Artie Harris Featured in Bisnow Housing Story
Advocacy Update: Robert Goldman Supports Affordable Housing Fund
MHP Partners with Schattner Foundation to Preserve 325 Affordable Homes
Discover Long Branch Hosts Ribbon-Cutting Ceremony for Mural in Silver Spring

Housing People

MHP preserves and expands affordable housing in Montgomery County and the surrounding region. MHP has developed and owns more than 2,800 apartments, condos, and town homes.

Learn More

Empowering Families

MHP offers educational programs for residents to develop skills, expand their opportunities, and balance their lives. This includes preschool, afterschool and summer enrichment programs serving more than 400 children.

Learn More

Strengthening Neighborhoods

MHP is working with residents to implement neighborhood revitalization programs in communities affected by foreclosures, economic challenges, and mass transit construction.

Learn More

About

  • Mission & Values
  • Financial Documents
  • History
  • Staff
  • Employment
  • Board
  • Privacy Policy
  • Video Gallery
  • Awards

Housing People

  • MHP Properties
  • Projects in Development
  • Affordable housing FAQs
  • Our Impact

Empowering Families

  • Community Life Programs
  • Resident Stories
  • Our Impact

Strengthening Neighborhoods

  • Advocacy
  • Community Development
  • Our Impact
WBJ: MHP Nebel Street Project Among Recipients of Amazon Grants Long Branch 5K is Back!
Scroll to top