Hyattsville, MD (Vocus) September 16, 2010
Nearly 60 very low-income seniors will be joined by Washington Archbishop Donald W. Wuerl, local and federal government officials for the grand opening and dedication of their new apartment homes in Hyattsville, Maryland:
Monday, September 20, 2010
10:15 a.m.–10:45 a.m. (Ribbon cutting at 10:45 a.m.)
6100 Sargent Road, Hyattsville (Chillum area), MD
(behind Rollingcrest Commons Apartments, 6000 Sargent Road)
Developed by Victory Housing, the Archdiocese of Washington’s affordable housing agency, Victory Crest is a 60-unit apartment community for very low-income seniors. Residents must earn less than 50 percent of the area median income and be at least 62 years old. Their rent is 30 percent of their income. The need in Prince George’s County for this kind of housing is significant and long term. In 1990, the U.S. Department of Housing and Urban Development estimated the county needed 2,478 units of affordable housing for very low-income elderly residents. By 2005, just 446 units, or 18 percent, had been produced.
Officials expected to participate in the program along with Archbishop Wuerl are U.S. Representative Christopher Van Hollen (8th Congressional District, MD); Patricia J. Morris, Director, Department of Family Services, Prince George’s County; Lorraine Richardson, Senior Operations Specialist, HUD DC field office; and Jim Brown, President of Victory Housing.
Victory Crest includes 60 one-bedroom apartments, community room, business center, crafts and hobby room, library, exercise room, wellness center and an outdoor patio area.
It was built with funds primarily from the U.S. Department of Housing and Urban Development (HUD) and a long-term land lease at nominal cost from an affiliate of Victory Housing. HUD funds included $7,119,600 in HUD Section 202 capital grant funds for the construction, along with funds for rental subsidies and $1.3 million in subordinate low-interest HUD HOME loan funds provided by the Prince George’s Department of Housing and Community Development. Section 202 funds may be used to develop rental apartments for very low-income seniors.
Victory Crest is Victory Housing’s sixth Section 202 development in Prince George’s County; three of those are in Hyattsville. Victory Housing operates 24 affordable communities with almost 1,600 rental units for seniors and families in Washington, DC and suburban Maryland. For more information, visit http://www.victoryhousing.org.