Glenarden Hills Opens Final Phase with Ribbon Cutting Ceremony - New Construction Affordable Housing Community Complete

FOR IMMEDIATE RELEASE
September 11, 2024

CONTACT: Alexis Revis Yeoman, Media Contact
(301) 456-4369
Pennrose Development – Leasing Contact
(410) 497-6615

Glenarden Hills Opens Final Phase with Ribbon Cutting Ceremony
New Construction Affordable Housing Community Complete

Largo, MD --- A Ribbon Cutting Ceremony was held today at Glenarden Hills, Prince George’s County’s comprehensive master-planned housing community that expands affordable housing for low-to-moderate income households. This final phase of the community finishes the neighborhood with three diverse housing types and amenities. The Redevelopment Authority of Prince George’s County (RDA) and Pennrose Companies, LLC brings this 27-acre site to completion that includes senior and family affordable apartments, market rate and affordable rental townhomes, and homeownership townhomes, including those with affordable financing options.

“We are extremely excited that we are delivering the final phase of this long-awaited affordable housing community,” said Prince George’s County Executive Angela Alsobrooks. “The completion of Glenarden Hills marks a major milestone in our ongoing mission to expand affordable housing for our residents. From the start, my administration has been committed to driving equitable growth and ensuring the availability of quality, affordable housing. I’m thrilled to see these efforts come to life, creating more housing opportunities for Prince Georgians and strengthening our community in the process.”

This previously vacant 27-acre property in Glenarden was the former site of the 578-unit Section 8 complex known as Glenarden Apartments. The former complex was foreclosed by HUD, then acquired and demolished by the RDA in 2014 and renamed Glenarden Hills. The RDA is the landowner and a partner with Pennrose Companies, LLC, who serves as the master developer.

The Glenarden Hills final phase delivers 158 high-quality, mixed-income rental homes to the 27-acre master planned community. Phase III also adds on-site community amenities, including a sports court, children’s splash pad, and additional open green space. Residents will also enjoy access to the amenities delivered in phases I and II, including the 5,700 square foot community clubhouse, fitness center, management suite, resource center, locker rooms, kitchenette, outdoor patio with a grill, tot-lot, theater room, wellness room, and more.

“'The Glenarden Hills project represents the Alsobrooks' Administration's commitment to our economic development priority of creating housing affordability and diversity of housing stock,” said Jim Chandler, Assistant Deputy Chief Administrative Officer for Economic Development in the Office of the County Executive.

To develop Phase 3 of Glenarden Hills, Prince George’s County utilized affordable housing funding including $3 million from the Housing Investment Trust Fund (HITF) and $1.5 million from HOME Investment Partnership. Both finance programs provide subordinate debt gap financing to affordable housing developers to build and preserve affordable housing opportunities for low-to-moderate income households.

Contact Pennrose Companies, LLC for leasing opportunities at 410-497-6615 or visit https://www.pennrose.com/apartments/maryland/glenarden-hills/.

For more review more affordable housing communities in Prince George’s County, visit the Department of Housing and Community Development’s 2024-2025 Affordable Housing Portfolio.

Photo Caption: Elected Officials and Development
Partners cut the ribbon opening Phase 3 of Glenarden
Hills

 

Photo Caption: Exterior of Glenarden Hills Phase 3

 

 

 

 

 

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