- Housing & Community Development
- News Center
- News & Press Releases
- DHCD SUPPORTS INVESTMENTS FROM GILBANE AND AMAZON
DHCD SUPPORTS INVESTMENTS FROM GILBANE AND AMAZON
For Immediate Release
January 3, 2023
Public Information/Legislative Affairs
DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT SUPPORTS INVESTMENTS FROM GILBANE AND AMAZON HOUSING EQUITY FUND TO BRING AFFORDABLE HOUSING TO THE COUNTY
The Sovren West Hyattsville Metro Set to Open Fall 2024
LARGO, MD – The Prince George’s County Department of Housing and Community Development (DHCD) is supporting Amazon’s and Gilbane’s investment in bringing affordable housing to the County. Gilbane Development Company will build 293 new apartments in a complex called The Sovren, which will be adjacent to the West Hyattsville Metro station. Half of the apartments, or 147 units, will be restricted affordable housing and reserved for tenants whose income is 80% of the area medium income (AMI).
“Our efforts to preserve and create affordable housing in our County benefit immensely from projects like this one,” said Angie Rodgers, Prince George’s County’s Deputy Chief Administrative Officer for Economic Development.
“This transit-oriented development will bring needed affordable housing to the County, centered in a community where residents can enjoy easy access to jobs and amenities,” explained Aspasia Xypolia, DHCD Director.
Through the public-private partnership, DHCD and the County Council approved a Payment in Lieu of Taxes (PILOT) and $200,000 from the County’s Housing Investment Trust Fund (HITF) for the project in July 2022. The new apartment building is slated for completion in the Fall of 2024 and half of the new apartments will remain affordable for 99 years.
The Sovren will have five stories of apartments, ranging from studios to three-bedroom units, as well as 2,500 square feet of retail and a parking garage, according to Gilbane Development officials. The site is located on 3.5 acres at 5685 Little Branch Run in West Hyattsville.
OTHER DHCD RESOURCES
DHCD regularly promotes available resources to organizations in the community development space and families seeking assistance to purchase and maintain homes, including:
• First-time home buyers could be eligible for up to $10,000 in down payment and closing costs toward the purchase of their first home through our Pathway to Purchase Program.
• Residents facing eviction due to late rent payments should call the Emergency Rental Assistance Program Hotline on (301) 883-6504 and press 9 to inquire about assistance.
To contact us, visit dhcd.mypgc.us or call 301-883-5531.
Follow and like DHCD on social media: Facebook | Instagram | Twitter
The Prince George’s County Department of Housing and Community Development seeks to create and preserve quality affordable housing options by developing policies, implementing practices, and creating finance tools aimed at ensuring the creation and preservation of equitable and inclusive communities.
# # #