By Lauren Loricchio, email@example.com
4:01 PM EST, March 7, 2014
A plan for new housing development on Hollins Ferry Road that would bring a 48-unit townhouse community to the area was approved by Baltimore County on Friday at a hearing in Towson.
The proposal by developers Enterprise Homes and Pax-Edwards now moves for approval by a Baltimore County judge in the next 15 days.
The development, called Hollins Station, will include 25 three-story townhouses with a garage and 23 two-story units on a 6.93 acre site. A 2,178-square-foot clubhouse and a tot lot is also in the plan. The facilities will be open to the public on a sign-in basis, said Ned Howe, a representative of Enterprise Homes.
Both Riverview-Ryerson Circle Communities Association and the Lansdowne Improvement Association have voted to support the new housing community.
"We haven't had any new development in Riverview since the community was built, " said Ron Whitehead, president of the Riverview-Ryerson Communities Association.
Whitehead said he's looking forward to the new development, which he believes will bring new people into the community.
"The investment of over $15 million into a high quality townhouse community is truly welcome in our area, as it will hopefully spur further investment, stimulate our local economy and continue the revitalization efforts of our community," Whitehead wrote in a letter to 1st District Councilman Tom Quirk, who represents the area
The townhouses will be lease-to-own properties. Residents rent for 15 years then have the option to purchase the property.
Residents will be given closing cost and down payment assistance if they decide to buy, based on the amount of time they have lived in the community, Howe said.
The site will have a full-time property management company and workers to maintain the grounds.
Rents are expected to range between the mid $800 and mid $1000 per month, Howe said.
Although some residents have voiced concerns that the units will be designated as Section 8 Housing, in which a housing voucher program assists low-income families, this development won't participate in that program, Howe said.
The housing development will be designated as affordable housing, which will help to keep the cost of rents low.
Tenants will undergo financial background screening and background checks, Howe said.
"We're looking for people who ultimately want to become homeowners," Howe said. "So, as part of that there will be some requirements placed upon the residents."
Developers expect to begin construction in late spring or early summer and take nine to 12 months to complete, Howe said