The in-unit renovations included new kitchens, bathrooms, flooring and individual HVAC units. The project cost approximately $63 million.
#FIRESIDE PARK APARTMENTS FULL#
The group recently completed a full renovation. The City of Rockville’s public housing agency, Rockville Housing Enterprises, Inc., acquired the apartment property in 2012 to preserve the affordable rental community. Parkside Landing Apartments has a total of 236 garden-style, one, two and three bedroom apartment units. Under this plan, 18 housing units are priced for tenants with incomes at 30 percent of the area median income (AMI), 159 units are priced at 60 percent of the AMI and 59 units are priced at market rate. The HIF loan provided by Montgomery County supports income-restricted affordability for 177 of the 236 apartment units. Through lending, DHCA supported preserving 118 affordable units and producing 59 additional affordable units, making a total of 177 units now priced affordably, according to a Montgomery County press release. The Montgomery County Department of Housing and Community Affairs (DHCA) pledged to support the preservation and renovation of 177 income-restricted affordable units at Parkside Landing Apartments in Rockville by financing with a 40-year Housing Initiative Fund (HIF) loan of $5,342,517.
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