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Pennrose and Wicomico County Housing Authority Celebrate Square at Merritt Mill Groundbreaking
December 14, 2018
Pennrose and the Wicomico County Housing Authority celebrated the groundbreaking of Square at Merritt Mill, a new residential community located in Salisbury, Maryland. The mixed-income community will include 75 high-quality rental apartments, providing much-needed affordable and workforce housing, with many units designated for Wicomico County Housing Authority residents through HUD’s innovative Rental Assistance Demonstration (RAD) program.
Speakers at the event included Don Bibb, Executive Director, Wicomico County Housing Authority; Councilwoman April Jackson, District 1, City of Salisbury; John Maneval, Deputy Director, Maryland Department of Housing and Community Development; Carol B. Payne, Director, HUD Baltimore Field Office; Mayor Jacob R. Day, City of Salisbury; and Ivy Dench-Carter, Regional Vice President, Pennrose.
“We are excited to be working closely with the Wicomico County Housing Authority again, building on the success we shared with the first phase of the Booth Street redevelopment known as Stone Grove Crossing,” said Ivy Dench-Carter, Regional Vice President at Pennrose. “With fantastic on-site amenities, modern apartment features, easy access to regional transportation, beautiful landscaping and open green space, we are confident residents will be thrilled to call Square at Merritt Mill home.”
Square at Merritt Mill will include a mix of one-, two-, and three- bedroom affordable and market rate units. The majority of apartments will serve households earning up to 60 percent AMI. Eight units will be market rate, and twelve units will be for those with disabilities.
“The dream team does it again! I am thrilled to celebrate the next phase in our ongoing efforts to improve access to affordable housing in Wicomico County,” said Don Bibb, Executive Director, Wicomico County Housing Authority. “Square at Merritt Mill will make higher quality housing opportunities available for those in need.”
Residents will enjoy a 2,700-sf community clubhouse, which will include a fitness room, community room, conference room, kitchenette, and management suite. Additional amenities include in-unit washer and dryer, energy star appliances, individual entrances, spacious layouts, parking and ample storage space. The project will achieve certification under the National Green Building Standard™ and Energy Star for New Homes programs. Located within 0.4 miles of the Health South bus stop, residents will have easy access to downtown Salisbury, northern Salisbury and the airport.
Pennrose also partnered with the Wicomico County Housing Authority on the development and management of phase I of the Booth Street redevelopment. The award-winning development, Stone Grove Crossing, is located on the former site of the Booth Street Apartments and includes 84 affordable housing units set at 30 to 60 percent AMI.
Funding for the project includes rental assistance through the U.S. Department of Housing and Urban Development’s RAD program. The project was also awarded nine percent competitive Low-Income Housing Tax Credits in April 2017, which generated most of the project’s funding via an investment from Bank of America. Additional sources include loans from the Maryland Department of Housing and Community Development’s Rental Housing Program and Partnership Rental Housing Program, and a private loan from Bank of America.