In a previous column I toured Kemp Hall, the luxury apartments and lofts at the corner of Market and Church Streets, and wrote about how beautiful and fancy they are.

I also wrote how they’ll cost you a pretty penny, they range from $1,245 to $2,125 per month.

I ended the column by writing, “I’d love to see more units like these downtown, preferably affordable ones please.”

A few days after the column ran I received multiple emails informing me that there is indeed (brand new) affordable housing at 520 N. Market Street.

In fact, there was a ribbon cutting held the same day as Kemp Hall’s, unbeknownst to me.

So, in the spirit of equal coverage, I ventured down to the affordable housing units and was given a tour of 520 N. Market Street by Jodie Ostoich, CEO of Interfaith Housing Alliance.

The apartment complex is compiled of four buildings with one being a former school — Ostoich said the building dates back to the 1800s — and, eventually, county offices.

There are 59 one, two and three bedroom apartments. While six of the 59 apartments are at market rate the rest are considered affordable, ranging from $713 to $1,536 per month.

Affordable housing, Ostoich explained, is mixed-income housing. These are working families and individuals who earn 60 percent or less than the area median income, according to IHA’s website.

Those eligible for affordable housing are folks like teachers and first responders, Ostoich explained. Each apartment has its own washer and dryer, and there is a community room, roof top deck and parking garage (with a parking pass) for residents to utilize.

The community room, in the basement of the old school building, houses bathrooms, tables, couches and a kitchenette. Next to the community room is a computer room with four computers and a printer.

IHA started leasing out the apartments in March. As of July, all 59 units have been rented out.

The $20 million development is owned by multiple entities. Ostoich explained that IHA and the developer, PIRHL, own .01 percent of the building. Of that .01 percent, IHA owns 51 percent and PIRHL owns 49 percent. Investors own the rest.

As I couldn’t take a peak inside of any of the apartments, since they’re all rented out, I was able to tour the public areas, including the rooftop patio.

The complex at 520 N. Market Street is perfect. While it’s still downtown, it feels like it’s in an area that’s quieter, albeit a brewery being right next door.

It may not be on the corner of a busy shopping street, but it boasts plenty of parking and a short walk to restaurants and shops.

For more information visit Interfaithhousing.org.

Follow CJ Fairfield on Twitter @FairfieldCj

(7) comments

Dwasserba

Well, it's full.

oldmagpie11

Affordable housing! Fifty-three units - only 10,947 more and we're good?

Burgessdr

Maybe you should spring for $20 million to build another complex. Oh wait, you were blowing hot air

oldmagpie11

@burgessdr - here is the source for what you're calling "hot air" - https://www.frederickcountymd.gov/DocumentCenter/View/294552/Frederick-County-Housing-Study-November-2016 - in 2016 the shortage of affordable housing units is shown at the bottom of the first page.

"...down on N. Market Street." "Down" from where?

mr_twist27

She was floating in the sky

Dwasserba

"Down" as in, N. Market is one-way and this is beyond where tourists generally go.

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