Plans for affordable housing taking shape

May 12, 2018 by  

Plans for Orchard Park at Ballenger Run, an affordable housing project in Frederick, got a boost recently when a small but crucial loan was approved.

The Maryland Board of Public Works okayed a loan of $1.28m to Orchard Park LLC, the company formed by the developer. Together with other funding from the Federal Housing Administration (FHA) and tax credits from the IRS for those who building low-income housing, Orchard Development’s Bob DeSantis says he now hopes to close the deal before June, and start building in July.

The plans the Frederick County Planning Commission approved show four, four-story buildings on the site. Among them, the buildings offer several different floor plans, ranging from one- to three-bedroom units. There will be 210 units in total, and the rent will be determined by income; currently the units will go to those who earn less than 60% of the median income for the area. In dollars, the rents will be from about $895 to $1,500.

DeSantis believes the units will appeal to a large number of people, from seniors who are downsizing, to younger teachers just starting out. He also believes that the entrances, which are secure, and the elevators, would appeal greatly to older renters. In total, 5% of the units will be designed for tenants who are disabled or have mobility issues.

Projects like this may benefit if developers work with a brochure printing company to create a booklet showing the buildings’ amenities.

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