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Grand Opening of Stone Grove Crossing Celebrated by Federal, State and Local Officials
January 31, 2017
The grand opening of Stone Grove Crossing in Wicomico County was celebrated by federal, state, and city officials, and representatives of Wicomico County Housing Authority (WCHA) and Pennrose. The first phase of redevelopment of Booth Street, the former public housing site, delivers 84 modern apartments to former Booth Street residents and other workforce families and individuals.
Located just outside the Salisbury city limits, the new apartment community features one-, two-, and three-bedroom apartments in nine three-story apartment buildings on a 5.38-acre site. Units feature in-unit washer/dryers, energy star appliances, individual apartment entrances, spacious layouts, and ample storage. The completed project also includes redevelopment of the existing 4,937 square foot community building to modernize and improve its appearance and functionality. New spaces include a fitness room, computer room, renovated kitchen, and separate office space for the Wicomico County Housing Authority and Pennrose property management personnel.
“The opening of Stone Grove has been a long journey,” said Bob Culver, county executive, Wicomico County. “We began planning for the modernization of the county’s affordable housing ten years ago. It is gratifying to finally see this part of our vision realized.”
Speakers at the ceremony included Bob Culver, county executive, Wicomico County; Jacob Day, mayor, Salisbury, Md.; Matthew Heckels, assistant secretary of development finance, Maryland Department of Housing & Community Development; Don Bibb, executive director, Wicomico County Housing Authority; William Tamburrino, director, U.S. Department of Housing and Urban Development; Ivy Dench-Carter, regional vice president, Pennrose Properties, LLC.
“These new apartment homes are a stark contrast to what was available to residents previously,” said Ivy Dench-Carter, regional vice president, Pennrose Properties, LLC. “We have enjoyed our partnership with Wicomico County and the Wicomico County Housing Authority in our efforts to improve the housing options for its residents and enhance the surrounding area.”
Booth Street, the former 100-unit public housing community, was originally constructed in the 1960s. Over time, the buildings fell into disrepair, eventually leading to many of the units becoming vacant. Fifty of the original units were demolished to make room for the new Stone Grove Crossing development. This same number of units in the new 84-unit community will be replacement housing for former residents.
The $17 million development was funded by the Maryland Department of Housing and Community Development and Community Development Administration, U.S. Department of Housing and Urban Development’s Rental Assistance Demonstration (RAD) program, 9% Low Income Housing Tax Credit equity proceeds via Alden Torch Financial and J.P. Morgan, and a private loan from Chase Bank.
Monthly rents for the units range from $878 to $1,017 with income restrictions. For more information, visit www.StoneGroveCrossing.com or call (443) 692-6459.