County Uses New ROFR Law to Preserve Apartments in Bethesda and Rockville
DHCASep 16, 2026
Montgomery County used the process authorized by Expedited Bill 38-23 for the first time in FY26 to assign its Right of First Refusal (ROFR) to a ROFR Qualified Entity, Yoke Management, LLC. The mechanism facilitated the preservation of Tilbury Gardens Apartments in Bethesda (16 units, $3,921,743 HIF-Operating loan) and the Argyle Apartments in Rockville (12 units, $5,888,551 HIF-Operating). Both properties will remain affordable under the agreements.
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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 — ROFR assignments reported in FY26 Q4 Pipeline Report
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