Twinbrook Place Housing Opportunity Fund

At a glance

• What: deployment of the Twinbrook Place Housing Opportunity Fund.
• Where it stands: the Mayor and Council approved the loan unanimously on November 2; a budget amendment follows.
• Next: unknown.

Details

• Only the agenda has been read.

• 2026-11-02 - Leadership Planning - Agenda-planning run-through: fund deployment on the November 2 evening agenda, described as a chance to add many affordable units; the Mayor asked whether anything else was coming (from captions).

Sources

• Agenda of 2026-11-02: https://rockvillemd.legistar.com/View.ashx?M=A&ID=1411335&GUID=24E0E20C-588D-4043-AA1C-8C4C5E6EEBB3

Log

2026-11-02 - Mayor and Council

• Approved unanimously: $1.5 million low-interest loan (3 percent, 40 years) for 125 affordable units, plus about $330,000 in city development fees and $110,000 general fund top-up via budget amendment. Concerns about draining the fund; $1.2 million repayment due by December 2027.