DFM Directs Bond Release for Momentum at Shady Grove

An all-workforce multifamily housing community is now open and leasing in the Derwood neighborhood of Rockville, Maryland. Aptly named, Momentum at Shady Grove, the transit-oriented community is situated just steps from the Shady Grove Metro Station on WMATA’s Redline.

We are excited to share DFM Development Services, LLC is providing bond release services as part of the project.

A partnership group made up of Comstock Holding Companies, Inc., and Northern Virginia-based Stratford Capital spearheaded the development. The Maryland Department of Housing and Community Development and the Montgomery County Department of Housing and Community Affairs also provided partial financing for the project.

In a region where affordable housing is at a premium, Momentum at Shady Grove helps ease that predicament. All units are available to qualified residents under the Montgomery County Workforce Housing Program. Tenants with an income at or below 60 percent of Area Median Household Income (AMI) are eligible for residence at Momentum.

The new development features 110-units constructed above a two-story, 145-space parking garage. Community amenities include a private outdoor courtyard, community lounge, catering kitchen, and fitness center. Apartments are primarily one- and two-bedroom units ranging from 700 square feet to nearly 1,100 square feet. The building has earned LEED Certification.


Learn how we can expedite the Bond Management process.


About DFM Development Services, LLC – Bond Management Services

Our experienced Bond Management team has led bond release projects for hundreds of real estate developments across Maryland, Virginia, and the District of Columbia. Our past projects include Insight Property Group’s The Apollo, Brasfield & Gorrie’s Haymarket Medical Center, Equity Residential’s The Veridian, and Brookfield Office Properties’ Reston Crescent. Visit www.dfmdevelopment.com to learn more.

Questions?

email: proposals@dfmdevelopment.com | phone: (703) 942-8700

Leave a Reply

Your email address will not be published. Required fields are marked *

About DFM

DFM Development Services is the leading Red Tape Consultancy in the DC Metro Region, specializing in navigating complex and time-consuming regulatory processes for Real Estate Development and AEC Industry Professionals.

From expediting complex building permits and the bond release process to ensuring environmental compliance and precise dry utility design, our tailor-made approach empowers you to confidently move forward with your project, knowing you’ve successfully met all compliance requirements.

Recent Posts

Environmental Compliance

Decoding Wetlands & Their Unique Features

Understanding where wetlands are present and what characterizes them is challenging. An area may appear wetland-like, but that doesn’t necessarily mean it is one. That’s where this article can help.

Read More »

Contact Us

DFM Development Services, LLC

Address: 400 N Washington St, 3rd Floor, Falls Church, VA 22046

Phone: (703) 942-8700

Contact jobs@dfmdevelopment.com for job inquires
Contact proposals@dfmdevelopment.com for proposals

For general inquiries, please fill out the form.

"*" indicates required fields

Name*
This field is for validation purposes and should be left unchanged.