SILVER SPRING, MD - Active seniors 62+ who want to live in downtown Silver Spring at The Bonifant have the opportunity to pre-qualify November 18-24 and secure their opportunity to apply for an apartment home in the 11-story mixed-income high rise. The $44 million development at 929 Bonifant Street is scheduled to open in early March, right next door to the new Silver Spring Library. It will offer the rare combination of affordability and convenience for residents, in addition to 6,300 square feet of retail space on the first floor.
The Bonifant at Silver Spring will provide 149 mixed-income apartments for active seniors seeking independent living, plus ground floor, street level access for 2-4 businesses. The residential building will be smoke-free, and features 10 studios, 119 one-bedrooms, 20 two-bedrooms, a large community room for entertaining, a cyber cafe with computers and printers, fitness center, on-site management, and an outdoor terrace, among other amenities and green features.
Rents are affordable for incomes under 60 percent of the area median income, and also include 10 apartment homes with no income restrictions. We currently have more than 800 people who have registered for the interest list. Representatives from The Bonifant will be taking pre-applications in-person and by mail through Tuesday, November 24.
The Bonifant is expected to be completed in June 2016. It is a unique public-private partnership among Montgomery Housing Partnership, (MHP) a private, nonprofit housing developer; The Donohoe Companies, an expert at high-rise development; and Montgomery County. Construction started in October 2014 on the County-owned site. It is adjacent to the future Purple Line light rail station and the Silver Spring Library.
The development partners include: Donohoe Construction, VOA Associates, and Humphrey Management. Financing for the $44 million project was provided through a variety of public-private sources, including Montgomery County Department of Housing & Community Affairs (DHCA), State of Maryland Department of Housing & Community Development (DHCD), U.S. Department of Housing & Urban Development (HUD), Capital One, Wells Fargo, AGM Financial, Enterprise Community Investments, and NeighborWorks America.
Source: The Bonifant / #Senior #Housing