The Chimes Opens: 163 Affordable Units Near North Bethesda Metro

County Executive Marc Elrich, Council President Natali Fani-González, and nonprofit developer Montgomery Housing Partnership (MHP) celebrated the grand opening of The Chimes on September 18, 2026, near the North Bethesda Metro station. The seven-story development offers 163 affordable rental apartments for households earning 30%–80% of Area Median Income (AMI), with a mix of studios, one-, two-, and three-bedroom units. The project is backed by a $19.45 million County Housing Initiative Fund loan, a PILOT tax abatement valued at roughly $334,153 annually, state financing, federal Low Income Housing Tax Credits, and a $2.2 million Amazon Housing Equity Fund grant.