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Workforce Housing

Olney Springs
Olney Springs
The Village at King Farm
The Village at King Farm

 

The Olney Springs development is offering 11 single-family homes and 23 townhomes for sale as Workforce Housing.  The homes range in size from 1,760 to 1,950 square feet, and will sell for approximately $245,000 to $383,000, which is below the prevailing market rate for for-sale housing in this area of the county.  In order to qualify to purchase one of these homes, income limits are based on family size but are generally between $67,500 and $139,000.  Olney Springs is located on Bowie Mill Road, and offers extensive walking trails, open green spaces, playgrounds and a basketball court. For more information, contact the sales agent at (240) 688-8109, visit the sales office at 11905 Country Squire Way, Clarksburg, MD 20871 or visit the builder’s website.

Workforce Housing Program

The goals of the Workforce Housing program are to:

Workforce Housing is intended to be affordable to households with incomes that are too high to be eligible to participate in the Moderately Priced Dwelling Unit (MPDU) Program.  Maximum annual household income for Workforce Housing units must be between $52,500 and $138,500, depending on the number of persons in the household.