LEONARDTOWN, Md. (June 17, 2009)—Victory Housing, a Maryland based nonprofit developer and operator of quality affordable housing for seniors, has announced that Victory Woods will be built in St. Marys County.
The first phase will contain 75 apartment homes and will be built on a portion of a 47 acre parcel of land from the Immaculate Heart of Mary Church in Lexington Park to be donated by the Archdiocese of Washington. The property will be co-developed by Osprey Property Company and the new community will provide amenities and activities specifically for persons over the age of 62. This project has been under development for many years, said Commissioner President Jack Russell. We know that affordable housing for seniors is needed in our community and I am proud of the collaboration among county government, the Archdiocese, Victory Housing and Osprey Property to make this project a reality.
Osprey has completed several other senior housing projects in Southern Maryland including Chapline House I and II in Prince Frederick, Waldorf Jaycees Senior Housing in Waldorf, Victoria Park at Waldorf and Victoria Park in Edgewater, (Southern Anne Arundel County).
St. Marys County Government will be providing a PILOT (Payment in Lieu of Taxes) for the project and staff in the countys Departments of Economic and Community Development, Land Use and Growth Management and Public Works and Transportation has assisted with the project. Low Income Housing Tax Credits and a loan from Maryland Department of Housing and Community Development will also be used.
Victory Woods will be situated along a yet to be constructed phase of FDR Boulevard. The project will be ideally located near the new Lexington Village shopping center at Buck Hewitt Road and Route 235 which is currently under construction.
Victory Woods will serve seniors aged 62 and over earning 30% to 60% of the area median income and will offer several styles and sizes of apartments including one and two bedroom units which will range from 650 square feet to 943 square feet. It is anticipated that the project will break ground in early 2010 and at such time an inquiry list will be opened for those interested persons. Applications will be accepted approximately four months before the project is completed.
The four-story, wood-framed building will have an attractive exterior and follow sustainable green development and construction standards to ensure resident energy costs are reasonable. The building will have a secure entrance requiring a security code or card access into the building. Two elevators will provide quick and easy access to spacious apartments with many amenities. Apartments will include a full kitchen with frost-free refrigerator, dishwasher, disposer and abundant cabinet and counter space; wall-to-wall carpeting; individual heat and AC; and wiring for cable, internet and telephone. Community amenities will include a spacious parlor/lobby, library/business center and sitting area, resident community room, fitness room, Florida room and front and rear patios.
Source: St. Mary's County Government