Berlin Approves Affordable Housing Project After Five-Year Delay - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Berlin Approves Affordable Housing Project After Five-Year Delay

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BERLIN, Md.- The Berlin mayor and council were unanimously in favor of bringing a 40-home affordable housing development into the east side of town.

The homes will sit on 11-acres, on Cannery Way at Flower Street.

Headed up by a Annapolis-based developer The Osprey Property Company, the approved project, named Cannery Village, would provide single-family rental homes as well as a community building for families living on low-incomes.

"It's good news to get any kind of new traffic," said Steven Black, of Berlin. "Any kind of building going on, it's good for everybody in the area."

Especially for families looking to pay five to eight hundred dollars a month for housing. The developer said the rent prices would be affordable for a wide variety of people, from young couples to retirees.

"Right now it's hard to find a place to live around here," said Black.

The $13.9 million project is expected to be funded by equity from tax credits, a private bank loan and $2 million in Department of Housing and Community Development funds, according to town officials.

The company hopes to have a site plan done by fall 2014 and complete construction by fall 2016. No date is set yet for construction. But if everything works out, residents could soon call Flower Street home.


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