Montgomery and Maple
Development Brings Needed Affordable Senior Housing to Norwood
In-Process Project – This project is in process, and information may change. This page will be updated as it progresses.
The Montgomery & Maple project will redevelop the former Quality Inn site at the corner of Montgomery Road and Maple Avenue into a new 178-unit affordable senior housing community.
Through its Public Finance practice, The Port provided financing assistance to help structure the deal and improve overall feasibility. By pairing innovative financing tools with a community-focused vision, The Port works behind the scenes to unlock complex sites and make transformative development possible.
The development is being led by PLK Communities in partnership with Birge & Held and represents a significant reinvestment in a key corridor in Norwood.
Impact:
This project demonstrates how strategic public finance tools can support community priorities by:- Expanding affordable housing options for older adults
- Supporting aging in place within Norwood
- Advancing reinvestment along Montgomery Road
- Leveraging structured financing and layered capital stacks to catalyze private development and advance housing initiatives.
Project Specs:
- Location: Montgomery Road & Maple Avenue, Norwood, Ohio
- Project Type: Affordable Senior Housing
- Units: 178
- Development Team: PLK Communities; Birge & Held
