Media are invited to attend the celebratory event!

Silver Spring, MD (October 29, 2024) – Nonprofit developer MHP invites the media to attend a groundbreaking ceremony for $86 million The Chimes at North Bethesda affordable housing development. The Chimes is a ground-up multifamily mixed-income property that will consist of 163 apartments reserved for individuals earning less than 80% of area median income (AMI). The vast majority (90%) of the property’s apartment homes will be reserved for those making under 60% of AMI.

Located half a mile from the North Bethesda Metro, The Chimes will bring 172,720 square feet of residential space to a bustling area, connecting residents with extensive transportation options, high performing schools, and other amenities while enhancing outdoor spaces for the public. At the upcoming groundbreaking ceremony, MHP will unveil more details about the project’s unique features, green elements, and musical theme.

Event Details

Date: November 21, 2024

Time: 10:00 a.m. – Noon

Location: 11901 Nebel Street Rockville, MD

The groundbreaking will include speeches by notable local leaders including Montgomery County Executive Marc Elrich, MHP President Robert A. Goldman, elected officials, project stakeholders, resident speakers and more.

Through this development project, MHP will transform a vacant and environmentally constrained parcel of land into critically needed affordable housing, with public enhancements to pedestrian and vehicular circulation, open space, stream restoration, and bicycle infrastructure. The property will contain six stories of efficiency, one-, two-, and three-bedroom units with indoor amenity space above two levels of structured parking. Upon completion, Nebel will offer modern affordable homes with building amenities such as a community center, onsite leasing office, classrooms and more. Its unique pocket park, plaza, and nature overlook will be open to the public. The property’s convenient location near transit options, services, retail, highly regarded schools, and the Pike & Rose mixed-use development offers numerous resources, amenities and connections to potential job opportunities for residents.

Funding partners include Montgomery County Department of Housing and Community Affairs, State of Maryland Community Development Administration, State of Maryland Revitalization Programs, State of Maryland Housing and Community Development, Freddie Mac, Amazon Housing Equity Fund, Capital One, Grandbridge Real Estate Capital, Truist, NeighborWorks America, and Enterprise.

Learn more about the project here!