Montgomery County’s Department of Housing and Community Affairs (DHCA) closed a record $143.9 million in loans during Fiscal Year 2026 to support the creation or preservation of 1,983 affordable housing units, according to the County’s latest Affordable Housing Pipeline Report.
From FY19 through FY26, DHCA entered into more than $704 million in loan agreements supporting 10,031 affordable units across 126 projects. That includes 3,958 newly produced affordable units and 6,073 preserved units. Separately, the County’s Moderately Priced Dwelling Unit program generated 2,205 new units between 2019 and 2025, including 1,604 rental units and 601 for-sale units.
During FY26, the County closed financing agreements and/or executed Payment in Lieu of Taxes agreements supporting 18 affordable housing projects. Among the largest investments were $38 million toward 268 affordable units at NOBE II in North Bethesda, $30.9 million for 186 affordable senior units at Seabury at Springvale Terrace in Silver Spring, and $27 million toward the preservation and production of 138 affordable units at The Grand in Rockville.
Other projects included financing for Bethany House in Rockville, Hampshire Village in Silver Spring, The Lindley in Chevy Chase and affordable housing developments in Bethesda, Takoma Park and elsewhere in the County. For the first time, the County also used a process authorized by Expedited Bill 38-23 to assign its Right of First Refusal to a qualified entity, facilitating the preservation of affordable units at Tilbury Gardens Apartments in Bethesda and The Argyle Apartments in Rockville.
County financing supports rental properties affordable to households earning between 30% and 70% of Area Median Income, while financed for-sale properties are affordable to households earning up to 80% of AMI.
