520 North Market Street is Interfaith Housing Alliance’s (IHA) most recent downtown Frederick affordable housing community with a unique mix of rehab and new construction with a variety of layouts and size.
There are 59 apartments, featuring one, two, or three bedrooms. There is also a community room, computer lab, rooftop deck, and onsite parking.
Information and application is available to download from their website. Printed versions can be picked up from the IHA office. The application includes details on rent, income guidelines, tenant selection criteria, checklist, and more. The applications will not be accepted without everything listed on the application checklist.
County Executive Jan Gardner joined with Interfaith Housing Alliance, Inc., and PIRHL on December 13, 2016, to celebrate the groundbreaking for this exciting new workforce housing apartment community. This initiative will transform a former school and office building, previously owned by Frederick County Government, into a modern residential rental property for young professionals, seniors and families. (See press release.)
Fifty-three of the 59 apartments target households earning between $20,000 and $60,000 annually. The building is within walking distance of shopping, restaurants and employment, and adds new vibrancy and activity to this part of North Market Street.
She commented, "Working together with Interfaith Housing Alliance, we look to transform a well-loved city icon into a mixed income housing development right in the heart of downtown Frederick, thus helping to revitalize that area," Executive Gardner said. "All four of my Leadership Teams identified the need for workforce housing, and this public-private partnership idea is suited for seniors and millennials alike."
For more information, contact Crystal Thomas, Senior Property Manager, 520 North Market Apartments, 520 North Market Street, Frederick, MD 21701; 301-662-4225 x1218 or via email.