TOWSON, MD—A new 122-unit apartment complex in Towson is expected to make a significant dent in Baltimore County’s goal of adding 1,000 affordable rental units by 2027, Baltimore County Johnny Olszewski announced on Thursday. Loch Raven Overlook, slated to replace the Days Inn at 8712 Loch Raven Blvd., will contribute 115 units toward that goal.

The project is the largest single contribution to the county’s Voluntary Compliance Agreement (VCA) goal to date, bringing the total number of approved units to 908. The county now expects to surpass its 1,000-unit goal by 2025, two years ahead of schedule.

“We are all in to change — and improve — the housing paradigm in Baltimore County, and this is yet another example of a strategic partnership that will deliver high-quality, affordable housing with great access to schools and parks, jobs and transit,” County Executive Johnny Olszewski said in a statement. “I thank Osprey Property Company, Pax Development, and the Community Assistance Network – as well as our state and local partners – for their commitment to building stronger communities and expanding access to quality housing for all of our hardworking families in Baltimore County.”

The development, a partnership between Osprey Property Company, Pax Development, and the Community Assistance Network, will receive $8 million in American Rescue Plan Act (ARPA) funding from the county’s Housing Opportunities Fund. The project also received state assistance in the form of a Low-Income Housing Tax Credit and funding from its Strategic Demolition Fund.

“We are proud to support Baltimore County’s vision to create more affordable housing through our Strategic Revitalization Programs,” said Maryland Department of Housing and Community Development Secretary Jake Day. “Projects like Loch Raven Overlook will make it easier for people to live here, start a business here and ultimately strengthen communities here in Baltimore County.”

Loch Raven Overlook will consist of two buildings, one with 72 units and one with 50 units. A mix of one-, two-, and three-bedroom units will be available, with a range of affordability restrictions.

“We are excited about the prospect of having a new residential apartment community in an area that has been a blighted property for many years,” said Baltimore County Councilman Mike Ertel. “It will be an attractive, high-quality building that will provide affordable rents to hardworking people who already work and live on the Loch Raven Boulevard. I’ve been heartened by the collaboration of the developer and the surrounding community to bring this project forward.”

The project is expected to bolster the Loch Raven Commercial Revitalization District, where it will join a number of major employers, including Towson University, Goucher College, Chesapeake Employers’ Insurance Company, and Stanley Black and Decker. This new housing option in the Loch Raven Commercial Revitalization District will transform an underused parcel at the entrance.

Construction is expected to begin by early 2026.

This article was written with the assistance of AI and reviewed by a human editor.

Photo via Baltimore County Executive Johnny Olszewski