The state has approved money that will fund redevelopment at Timothy House and Gardens in Annapolis.
The Maryland Department of Housing and Community Development awarded $2.6 million and $750,000 in federal housing tax credits to Homes for America, which purchased Timothy House and Gardens on West Washington Street in August. This is the 77th affordable housing community owned by Homes for America. It owns Homes at the Glen and Bay Forest Senior Apartments in Annapolis.
Construction is estimated to cost $6.77 million. The remaining costs will be paid through a private loan.
Homes for America co-founder and chair Trudy McFall said her organization received all of the money it asked for — and quickly.
"It doesn't always happen as smoothly as that," McFall said.
Timothy House and Gardens is Section 8 housing comprised of 60 one-bedroom apartments and 21 three-bedroom town houses.
A 2013 city report revealed Timothy House's systems had reached the end of their use. A multimillion dollar plan to redevelop the properties failed after a national nonprofit withdrew its request for funding to the Maryland Department of Housing and Community Development.
The residents at these homes won't be permanently displaced due to the construction, McFall said. There will be some temporary relocation, when the apartments get new kitchens or apartments, but it mostly will be in-home rehabilitation.
"The fear of existing residents is they would somehow be displaced when (construction) is done," McFall said. "We are going to keep all the subsidies in place."
The redevelopment is expected to be finished in 2018.