Maryland announces $1 billion in housing financing, Capitol Heights project included

Maryland’s latest housing financing round includes a Capitol Heights project that will add 293 senior apartments near the Addison Road Metro station, part of a statewide package aimed at creating or preserving 3,025 affordable rental units.

The Moore administration announced the awards on July 14, saying the Maryland Department of Housing and Community Development used low-income housing tax credits, state rental housing funds, the Multifamily Bond Program and energy-efficiency programs to back 28 affordable communities. State officials said the value of the financing is more than $1 billion, the third straight year the administration has topped that mark.

For Prince George’s County, the key project is Addison Park Senior Residences at 6180 and 6181 Old Central Avenue in Capitol Heights. The development will be built in two four-story buildings and is designed for residents age 62 and older earning up to 60% of area median income. At nearly $85 million in state financing, Addison Park accounts for about 10% of the statewide unit count in this round, making it one of the larger single projects in the package even as it remains only one piece of the county’s senior housing supply.

Addison Park broke ground on June 25 and is expected to open in late 2027. Prince George’s County redevelopment materials describe the project as senior rental housing in the Blue Line corridor near the Addison Road Metro station, with club rooms, a fitness center, a business center, laundry facilities and an outdoor courtyard. State and project documents also set aside about 3,000 square feet for Mission of Love Charities, which will provide supportive services on site.

County Executive Aisha Braveboy has framed the redevelopment as an investment in helping older residents stay connected and independent. In practical terms, the project combines transit access, age-restricted housing and on-site services in a part of the county where many longtime residents want to age in place without leaving familiar neighborhoods.

The statewide announcement shows how Maryland is choosing where to direct scarce housing dollars, and Addison Park is one of the clearest local beneficiaries. It will not solve Prince George’s senior housing shortage on its own, but 293 new affordable units near Metro is a meaningful addition in Capitol Heights.