Scarborough Square affordable housing subordination agreement
Rockville
Summary
A subordination agreement with NeighborWorks Capital supports financing related to the Scarborough Square Townhomes and Apartments, preserving affordable housing.
At a glance
- Total mentions
- 3
- Last 30 days
- 2
Discussed at 2 meetings in the last 60 days; most recently Nov 2, 2026.
Impact analysis
The agreement affects the priority of the city's financial interests in the Scarborough Square property.
Residents of Scarborough Square Townhomes and Apartments and affordable housing providers.
No groups negatively affected
Mentions & discussions (4)
Mayor and Council — November 2, 2026
A subordination agreement with NeighborWorks Capital supports financing related to the Scarborough Square Townhomes and Apartments, preserving affordable housing.
Mayor and Council — October 12, 2026
The down-payment assistance program issued 14 loans in its first year — more than the 10 projected — and its FY 27 funding is already reserved. Staff say there's room to scale.
Mayor and Council — May 11, 2026
The council approved an MPDU homeownership program agreement and restrictive covenants with EYA Development for Potomac Woods Phase 2, locking in moderately priced dwelling units in the project.
147-Unit Affordable Apartment Building Construction Approved in Rockville
147-Unit Affordable Apartment Building Construction Approved in Rockville The MoCo Show -
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