Professional Documents
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Affordable Housing:
Implementing Mixed-Income
A
Case Study: Monarch Mills
Neighborhoods
Public/Private Partnerships
Montgomery
County
Ranked by Forbes
as the 10th richest
county
Median HH Income
$92,213
Highly Educated
Population
Makeover Montgomery II
Public/Private Partnerships
Howard
County
Schools ranked
among top 2 districts
in MD
Median HH Income
$108,884
Makeover Montgomery II
Makeover Montgomery II
18 Acre Site
Owned by Housing
Commission
Deferred Maintenance
Cash Strapped
Isolation of Poverty
Guilford Elementary
Makeover Montgomery II
Sustainable
Design &
Construction
Practices
Mixed Income
MultiGenerational
Amenity Rich
Financially
Sustainable
Makeover Montgomery II
RFQ/RFP Process
RFQ/RFP Process
Leverage expertise & financial
capacity of broader development
community
Partner Selection
Shares your vision
Development/Financial Capacity
Integrity
Makeover Montgomery II
Site Design
Monarch Mills:
A terrific neighborhood based on
great planning principals.
Makeover Montgomery II
Oakland Mills
Rd
Connect to existing
neighborhood
Guilford
Elementary
Makeover Montgomery II
Makeover Montgomery II
Makeover Montgomery II
Makeover Montgomery II
Mixed Income
Multi-Generational
Residents in place,
Zero displacement
during construction
Makeover Montgomery II
Network of foot
paths connecting
homes and
amenities
Vehicle traffic
and parking at
perimeter
Makeover Montgomery II
Makeover Montgomery II
Makeover Montgomery II
Makeover Montgomery II
Makeover Montgomery II
Makeover Montgomery II
Architecture Circulation
Open Breezeways
Makeover Montgomery II
Makeover Montgomery II
Makeover Montgomery II
Makeover Montgomery II
Makeover Montgomery II
Makeover Montgomery II
Makeover Montgomery II
Makeover Montgomery II
Makeover Montgomery II
Sustainability
Separated
Construction
Debris and
Recycled
Re-used
infrastructure
on site
Makeover Montgomery II
Sustainability
LEED Gold
Clubhouse
Green
Communities
Certified
Geothermal
system
Makeover Montgomery II
153 market
116 LIHTC/PBS8
9 Garden Style
buildings
$ 25,900,000
$ 3,625,000
$ 1,740,000
$
259,315
$
145,170
$ 10,264,539
$ 1,169,409
TOTAL SOURCES
$ 43,103,433
Makeover Montgomery II
Owns land
Favorable Ground
Lease
Pilot
Howard County
Housing Commission
Owns improvements
$0 acquisition
HOME Loan
Partnership Funds
Interim Income
Makeover Montgomery II
Owner:
Developer:
Property Manager:
Monarch Mills LP
(Howard County Housing)
Shelter Development LLC
Shelter Properties LLC
Makeover Montgomery II