Elm Street Development and Montgomery Housing Partnership, Inc. (MHP) will host a groundbreaking ceremony for their Olney Springs development.
Olney Springs is a new construction, for-sale community on a 32-acre site on Bowie Mill Road in Olney, Maryland.
This innovative public-private partnership will provide 114 mixed-income townhomes and single family detached homes in an area of Montgomery County where price affordability is much needed.
Features of the 114-unit community will include:
-- Single Family detached homes and townhomes
-- 30 percent sold at Moderately-Priced Dwelling Unit (MPDUP prices
-- 30 percent sold at Workforce Housing prices
-- 40 percent sold at market rate
-- Extensive outdoor community features, including walking paths, tree-lined streets, and community open spaces for recreation and gathering.