County Invests $38.4M for 268 Affordable Units in North Bethesda
DHCASep 16, 2026
SCG Development Partners, LLC received a $38,402,000 total County investment — comprising a $38,000,000 HIF-CIP loan and $402,000 in estimated annual PILOT value — for the NOBE II project in North Bethesda. The financing will support the production of a 268-unit affordable multifamily residential building. The deal was closed during FY26 as part of DHCA's record loan activity.
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Source: Press Release - Montgomery County, MD, “Montgomery County Investments Produce and Preserve More Than 10,000 Affordable Rental Units from Fiscal Year 2019 through Fiscal Year 2026”, received Sep 16, 2026.
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Key dates
2026-09-16
effective — FY26 loan closing reported in Q4 Pipeline Report
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