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MoCo Monitor
Housing & Real Estate

NoBE II Affordable Housing Groundbreaking in North Bethesda

DHCA Mar 26, 2026
Montgomery County Executive Marc Elrich and Councilmember Kate Stewart will join SCG Development Partners and state officials on March 27, 2026 for a groundbreaking ceremony for NoBE II, an affordable housing development in North Bethesda. The Montgomery County Department of Housing and Community Affairs (DHCA) provided $38 million in direct financing and a PILOT agreement, with additional support from Low Income Housing Tax Credits and State of Maryland funding. The development will include 265 housing units affordable to households earning 70% of Area Median Income and below.
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Source: Media Advisory - Montgomery County, MD, “Montgomery County Executive Marc Elrich to Attend Groundbreaking for NoBE II Affordable Housing Development in North Bethesda ”, received Mar 26, 2026.

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