Ingerman Announces the Groundbreaking of The Willows at Forest Drive June 28, 2024
Annapolis, MD – June 28, 2024 – Ingerman joined Housing Initiative Partnership, Inc. (HIP), project partners, state and local officials to celebrate the groundbreaking of The Willows at Forest Drive, an affordable housing community located in Annapolis, Maryland.
Once complete, The Willows at Forest Drive will be a 58-unit family residential development. The community will consist of 12 one-bedroom units, 28 two-bedroom units, and 18 three-bedroom units. Apartments will be affordable at 20%, 30%, 40%, and 50% of Area Median Income (AMI). Twelve units will be reserved for persons with disabilities earning less than 30% AMI. Eleven of the project’s units will benefit from project-based vouchers (PBVs) and five units will be set aside as HOME assisted units in conjunction with Arundel County Development Services.
“We are pleased we could help bring critical gap financing in the form of a $1.2 million loan and a County PILOT subsidy for a project that is creating deeply affordable units for those who need them most,“ said Anne Arundel County Executive Steuart Pittman.
The community is comprised of three residential buildings; all 3-story, walk-up garden-style designs. Exterior features include walkways, seating areas, a playground, and parking, which will create a functional and attractive curb appeal to enhance the area. The community will be designed and certified to LEED, Energy Star Multifamily NC, and Zero Energy Ready Homes specifications. The units contain spacious bedrooms with significant storage, a kitchen package including a stove, refrigerator, microwave, dishwasher, and garbage disposal, and in-unit washers and dryers. Three handicapped accessible UFAS units will be provided, which will be outfitted with roll-in showers, and two hearing and vision impaired (HVI) units will also be available within the community.
“Ingerman is proud to bring high-quality affordable housing to the people of Annapolis. We could not have reached this important milestone without the community’s support and our collaboration with HIP. We aim to meet the City’s growing demand for affordable homes, it is our goal to create growth and opportunity for the area’s residents,” said David Holden, Development Principal at Ingerman.
The community will feature a number of amenities including a resident lounge, management and supportive services offices, and a fitness room. Ingerman Management Company (IMC) will have a full-time property manager and maintenance staff onsite. In addition, HIP will be providing onsite Resident Services programming and will facilitate linkages with the local community to connect residents with area resources. The development’s location puts future households in close proximity to amenities including grocery stores, schools, and parks. This location is well-connected to bus routes, giving future residents access to jobs, education, and services throughout Annapolis.
The Willows at Forest Drive will be constructed on a 3.595-acres assemblage located at 1701 Forest Drive, Annapolis, Anne Arundel County. The property is bordered by an American Legion post and an existing residential community.
“Neighborhood Revitalization and affordable housing development has always been a big part of HIP’s mission the past 35 years,” said Stephanie Prange Proestel, Executive Director of Housing Initiative Partnership. “The Willows at Forest Drive is the fifth community in the state of Maryland that HIP and Ingerman have partnered on. Our values are aligned to provide high-quality, resident-focused rental housing to established neighborhoods that can benefit the most.”
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About Ingerman
Ingerman is a leading developer, builder, and manager of award-winning multifamily communities throughout the Mid-Atlantic region. Since its inception, the company has been responsible for the development of more than 100 sites representing 9,000 units with total development costs exceeding $1.5 billion. Ingerman was founded on a guiding principle: to bring together a highly talented and motivated group of real estate professionals to create lasting, quality residential communities that are strategically financed and managed through persistent attention to detail. Today, that mission continues to drive our unwavering focus on delivering high-quality housing and superior services to all of our stakeholders — investors, community partners, and residents. www.ingerman.com
About Housing Initiative Partnership (HIP)
Housing Initiative Partnership, Inc. (HIP) is an innovative, green nonprofit housing developer and counseling agency based in Hyattsville, Maryland, dedicated to revitalizing neighborhoods. HIP creates housing and economic opportunities for persons of low- and moderate-income, and provides services that improve the quality of life in the communities we serve across Maryland. For additional info about HIP’s services and programs, please visit us at www.HIPhomes.org. www.HIPhomes.org
