Baltimore County and MCB Real Estate, LLC are teaming up to provide 460 affordable housing units across Baltimore County – a deal that officials have called the “largest attainable housing agreement in county history.”
The Baltimore City based developer, led by David Bramble, has purchased three multiplexes in Nottingham, Parkville and Sparrows Point with a total of 918 units. Out of the 460 units set aside for affordable housing, 350 units will be set aside at affordable rates for people who make up to 80% of the area median income (AMI) and 110 units will be set aside for people making at or below 60% AMI. According to Maryland’s housing department, that’s $76,000 and $53,600, respectively, for a two-person household in Baltimore County.
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