M id A tlantic Real Estate Journal — Owners, Developers & Managers — December 2025 — 25A
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O wners , D evelopers & M anagers
Former public housing complex transformed into high-quality, mixed-income community Pennrose and Housing Commission of Talbot celebrate Doverbrook Apartments grand open ing E from Maryland DHCD, and a $400,000 grant from the Town of Easton and a $400,000 grant from Talbot County.
of Energy’s Zero Energy Ready Home Program standards, and achieve ENERGY STAR certification. The emphasis on sustainable, energy-efficient design ensures a healthier and lower cost living environment for residents. The project was funded with various state and local pro- ceeds, equity generated from competitive 9% Low-Income Housing Tax Credits, and a loan from M&T Bank guaran - teed by HUD as part of the FHA program. The project received a soft loan and a seller take-back note from HCT, $2,400,000
ASTON, MD — Pen- nrose and the Hous- ing Commission of Talbot (HCT) celebrated the grand opening of Dover - brook Apartments, bringing 64 brand-new affordable homes and community amenities to the town of Easton, MD. The energy-efficient, mixed- income community replaces the 40-year-old, 50-unit public housing community on Dover St. Speakers at the grand open- ing ceremony included, R ev. Elmer Neal Davis Jr., 4th Ward Councilman, Town of Easton; Patrick Stewart, Regional VP, Pennrose; Don Bibb, executive director, Housing Commission of Tal- bot; Jacob Day, Secretary of Housing & Community Development, State of MD; Megan Cook, Mayor, Town of Easton; Chuck Callahan, president, Talbot County Council; Johnny Mautz, State Senator; Thomas Hutchinson, State Delegate; Kimmel Cameron, senior VP, Hudson Housing Capi- tal; and Ivy Dench-Carter, senior VP, Community Revitalization & Public Partnership, Pennrose. Doverbrook Apartments is 100% affordable, with all units available at 30% to 80% of the Area Median Income (AMI), about $24,150 to $64,400 for a one-person household. The community includes a one- for-one replacement of the 50 public housing units, converted to Section 8 via the Department of Housing and Urban Devel - opment (HUD)’s Streamlined Voluntary Conversion program, and 14 new units supported by the Low-Income Housing Tax Credit (LIHTC). “In an area with a severe shortage of affordable housing and a growing wait list, we’re proud to help preserve long- term affordability and add new housing opportunities for local families,” said Patrick Stewart. “Today begins a new chapter for Doverbrook Apartments, one marked by sustainable, amenity-rich housing that will benefit the community for many years to come.” “The Housing Commission of Talbot is excited about the dedication of the new Dover - brook community,” said Don Bibb. “We are proud to stand with our partners Pennrose as we dedicated the much- awaited new community. The opportunity to house 64
With a regional headquarters in Baltimore, Pennrose has extensive experience develop- ing high-quality mixed-income housing across Maryland and the Mid-Atlantic, including prior work with the Wicomico County Housing Authority— managed by HCT—on Square at Merritt Mill, a 75-unit afford- able community in Salisbury, and Stone Grove Crossing, a $17M redevelopment of the for- mer Booth Street Apts. MAREJ
Doverbrook Apartments grand opening
families in this magnificent community is indeed a great contribution to the Town of Easton and Talbot County.”
The community was designed to meet the National Green Building Standard’s Silver certification, the Department
QUALITY COMMITMENT PERFORMANCE
Geotechnical Design & Analy
nvironmental Site Assessments and
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