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Gaithersburg celebrates ribbon-cutting for 78 affordable homes at Gardens of Gaithersburg
Summary
Councilmembers and staff marked the ribbon-cutting for Gardens of Gaithersburg, a 78-unit affordable housing development set at 60% of area median income; Montgomery Housing Partnership and lenders contributed financing estimated at more than $35 million.
Council member Lisa Henderson and Mayor Judd Ashman congratulated staff and project partners during the May 5 meeting after the ribbon-cutting for Gardens of Gaithersburg, a new 78-unit affordable housing development located near MD 355 in the city.
Henderson said the development provides 78 units restricted to households at 60% of area median income (AMI) or below and praised the partnership among the city, Montgomery Housing Partnership (MHP), lenders, and other funding partners. Council member Jim said MHP invested "over $35,000,000" in the project and thanked staff and financing partners for bringing affordable homes to the city's core.
Council members described the project as aligned with the city's housing priorities and the council's earlier discussions about preserving and adding affordable units. There was applause from the dais and congratulations to staff and partners during the announcements portion of the meeting.
The council used the announcements period to remind residents of other civic items, including upcoming city elections and events, but no formal council action on the Gardens project was recorded in the meeting minutes; the remarks were celebratory and informational.
