Maryland Department of Housing and Community Development to Hold Teleconference Public Hearing on Proposed Issuance of Bonds for Multifamily Rental Housing Projects

Notice is hereby given that the Community Development Administration (the “Administration”), a unit of the Division of Development Finance of the Maryland Department of Housing and Community Development, will conduct a public hearing:

• Date: Monday, May 5th, 2025
• Time: 11:00 am to 11:30 am
• Call-in Number (Toll-Free): 1-800-201-5203
• PIN: 571234

THIS PUBLIC HEARING WILL BE CONDUCTED SOLELY VIA TELECONFERENCE.

All members of the public are invited to participate in the hearing, which will concern the plan of financing, including the loan funded from the proceeds of private activity bonds issued by the Administration and/or the State of Maryland (the “State”) acting through its Board of Public Works, for financing the acquisition, construction, renovation, rehabilitation or other costs of the multifamily residential rental housing project listed below (the “Project”) in an amount not to exceed the maximum aggregate amount of private activity bond obligations to be issued for such Project as set forth below (or refunding of any obligation by other commitments in amounts up to such maximum aggregate principal amount).

Additional Information:
Details related to the bonds to be issued and the Project are available upon request by:

• Mailing a written request to:
  Benedict Durant
  7800 Harkins Road
  Lanham, MD 20706
• Emailing: benedict.durant@maryland.gov
• Calling: 301-429-7823

LIST OF PROJECTS:

Name of Project: The Residences at Springbrook

Number of Units: 90 Units

Perspective Location by Street: 8230 Schultz Road,

Clinton, MD 20735

Prince George’s County

Initial owner, operator, or manager: 8260 Schultz Road, LLC

Maximum Aggregate Amount of obligations to be issued: $12,000,000

Name of Project: St. Anne’s Senior Apartments

Number of Units: 76 Units

Perspective Location by Street: 25104 Ridge Road, Damascus, MD 20872

Montgomery County

Initial owner, operator, or manager: St. Anne’s Senior, LLC

Maximum Aggregate Amount of obligations to be issued: $19,000,000

Name of Project: Keys Pointe 2A

Number of Units:60

Prospective Location by Street: 11800 Nebal Street, Rockville, MD 20852

Montgomery County

Initial owner, operator, or manager: TM Associates Development, Inc.

Maximum Aggregate Amount of obligations to be issued: $24,000,000

Name of Project: Oriole Lane 4

Number of Units: 72 Units

Perspective Location by Street: 12501 Ardennes Avenue, Rockville, MD 20852

Montgomery County

Initial owner, operator, or manager: TM Associates Development, Inc.

Maximum Aggregate Amount of obligations to be issued: $20,000,000

Name of Project: Artists Flats

Number of Units: 149

Prospective Location by Street: 5910 Symphony Woods Road, Columbia, MD 21044

Howard County

Initial Owner, operator, or manager: Artists Flats 4 Limited Partnership

( Howard County Housing Commission)

Maximum Aggregate Amount of obligations to be issued: $65,000,000

Name of Project: Somerset Jefferson Four

Number of Units: 154

Prospective Location by Street: 1231 Jefferson Street, Baltimore, MD 21202

Baltimore City

Initial Owner, operator, or manager: Somerset Jefferson Four LLC

Maximum Aggregate Amount of obligations to be issued: $65,000,000

Name of Project: Loch Raven Overlook 4

Number of Units: 72

Prospective Location by Street: 8712 Loch Raven Boulevard, Towson, MD 21286

Baltimore County

Initial Owner, operator, manager: LRO Apartments Four LLC

Maximum Aggregate Amount of obligations to be issued: $19,000,000

Name of Project: Perkins Homes Phase I

Number of Units: 103

Prospective Location by Street: 200-206 (even), 210-226 (even), 230-246 (even)

250-266 (even), 201-235 (odd), South Spring Court, and 200-234 (even), 201-227 (odd)

231-247 (odd) & 251-269 (odd) South Ballou Court, Baltimore, MD 21231

Baltimore City.

Initial Owner, operator, manager: McCormack Baron Salazar, Inc.

Maximum Aggregate Amount to be issued: $34,000,000

Name of Project: Hearn Renaissance

Number of Units: 39

Prospective Location by Street: 505 & 509 Race Street, Cambridge, MD 21613

Dorchester County

Initial Owner, operator, manager: Hearn Preservation, LLC

Maximum Aggregate Amount to be issued: $19,000,000

Name of Project: Art House 4

Number of Units: 108

Prospective Location by Street: 1915 North Howard Street

(Corner of Howard Street & 20 th Street) Baltimore MD 21218

Baltimore City

Initial Owner, operator, manager: Art House 4, LLC

Maximum Aggregate Amount to be issued: $21,000,000

Name of Project: The Grove at Glenarden

Number of Units: 163

Prospective Location by Street: The project site is on the campus of the

First Baptist Church of Glenarden. Which is located at 600 Watkins Park Drive.

Upper Marlboro, MD 20774. The building will be at the southwest corner

of the campus at the corner of Watkins Park Drive and Oak Grove Road.

This portion of the campus has undergone a successful Special Exception

With the County, and will receive a specific street address later in the entitlement

Process. Prince George’s County.

Initial Owner, operator, manager: Glenarden Senior Living, LLP

Maximum Aggregate Amount to be issued: $36,000,000

Members of the public are invited to present oral comments during the hearing or submit written comments in advance regarding the issuance of bonds, notes, or other obligations of the Administration and/or the State for the Projects being financed. Oral presentations will be limited to five (5) minutes per speaker.

• Deadline for Written Comments or Speaking Requests:
  Must be received by Sunday, May 4, 2025
• Submit by Email:
  Benedict.Durant@maryland.gov
• Submit by Mail:
  Benedict Durant
  Housing Development Programs
  Maryland Department of Housing and Community Development
  7800 Harkins Road
  Lanham, MD 20706
• Questions or Additional Info:
  Call Benedict Durant at 301-429-7823

TTY users may contact DHCD through the Maryland Relay Service at 1-800-735-2258.