SILVER SPRING — PERMITS
Construction off 20.9% for year in Maryland
The issuance of building permits, a key indicator of Maryland's economic health, fell nearly 21 percent in 1990, to the lowest level in nine
About 31,000 new housing units were authorized for construction last year, according to preliminary data from Maryland's Office of Planning.
That represented a drop of 20.9 percent from the 1989 level of 39,049 units. And it was the lowest level since 1981, when only 16,839 units were authorized.
Howard County's limit on building permits -- which has since been rescinded -- accounted for much of the statewide drop in issuances. Howard County issued 4,042 fewer building permits last year than in 1989, nearly half the statewide drop.
Only three localities -- Anne Arundel, Calvert and Garrett counties -- reported increases in building permits during 1990. Anne Arundel County reported the largest statewide increase, more than 52 percent.
Work about to begin on Alexander House
Montgomery County's Housing Opportunities Commission is zTC about to start construction of Alexander House, the commission's largest affordable housing development.
Alexander House will offer 311 apartments in a high-rise in Silver Spring. It will be built on Second Avenue, next to the commission's first property, Elizabeth House. Alexander House is scheduled to open in the fall of 1992.
The project will be financed through the sale of $31 million in tax-exempt mortgage revenue bonds.
Maryland's Department of Housing and Community Development has approved a $1.5 million loan for Alexander House, and the county's Housing Initiative Fund is providing $2 million to subsidize rents.
Alexander House was designed by CHK Architects and Planners of Silver Spring. Glen Construction of Gaithersburg will be the general contractor. For information about Alexander House, call the commission in Kensington at (301) 933-9750.