Developer proposes 74-unit, 55+ affordable complex at Montgomery and Maple in Norwood

Nick Wingenfelter with PLK Communities presented plans to Norwood’s Housing Committee for a 74‑unit, age‑restricted affordable housing project on the former Quality Inn site at Montgomery and Maple.

The developer said the two‑building project would be targeted to residents 55 and older, with rents set for households at roughly 50–70% of county area median income. "We're targeting a 74 units here," Wingenfelter said, and described rents "all in with your utilities" of about $975 up to $1,300 for the largest units.

The project would be financed using 4% low‑income housing tax credits available to developments in a Qualified Census Tract, a tax‑credit investor and additional public financing. Wingenfelter said PLK has requested $6.5 million in county funds and is working with the Port Authority on issuing bonds to help fill the financing gap. He described a 50/50 joint venture split with an institutional partner and said the overall project cost is about $56,000,000.

Why it matters: the proposal would add affordable, age‑restricted housing near Norwood’s business district and transit connections while using public financing tools that require local commitment and state tax‑credit approval. Committee members asked about design, parking, public safety access and long‑term ownership implications.

Key details and design

Wingenfelter said the site is zoned CBD (central business district), which he described as having a minimum three‑story requirement and few height limits; the project steps down from five stories on the Montgomery…