Silver Spring Office Building Converting to 227 Affordable Units
DHCASep 16, 2026
8727 Colesville Owner LP is converting a commercial building at 8727 Colesville Road in Silver Spring into a 227-unit multifamily residential building, with 114 affordable units. The project is supported by an estimated $225,000 in annual By-Right PILOT agreement value from Montgomery County. The conversion was among 18 projects financed by the County in FY26.
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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 financing reported in Q4 Pipeline Report
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