Per Montgomery County: The Montgomery County Department of Housing and Community Affairs (DHCA) participated in financing, with a 40-year Housing Initiative Fund (HIF) loan of $5,342,517, to support preservation and renovation of 177 affordable units at Parkside Landing Apartments in Rockville. Through lending, DHCA supported preserving 118 affordable units and producing 59 additional affordable units – for a total of 177 units now priced affordably.
Parkside Landing Apartments has a total of 236 garden-style, one-, two- and three-bedroom apartment units. The City of Rockville’s public housing agency, Rockville Housing Enterprises, Inc. (RHE), acquired the apartment property in 2012 to preserve the affordable rental community and recently completed a full renovation.