FOR IMMEDIATE RELEASE
July 6, 2016

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Foundation Development Group names Jessica Zuniga partner

ANNAPOLIS, Md.—Foundation Development Group, which develops residential real estate in the Mid-Atlantic region, announced its newest partner, Jessica Zuniga. Zuniga brings more than 15 years of experience in real estate development and specializes in affordable housing .

“I am honored to have someone with such integrity, professionalism and respect from our industry to be my partner,” said Stephen Moore, founding partner of Foundation Development Group. “Jessica is one of the most intelligent and dedicated developers I’ve had the pleasure of working with, and I’m lucky to have joined forces with her.”

Prior to joining Foundation Development Group, Zuniga was vice president of development for Rochester, New York-based Conifer Realty, where she led development efforts in the firm’s regional office in Columbia. In her role, she identified opportunities and handled development from acquisition through construction.

Previously, Zuniga was development director for Delaware Valley Development Company, where she oversaw development of affordable housing as well as land development. She primarily focused on the acquisition and rehabilitation of government-assisted communities and increased the company’s affordable-housing portfolio during her tenure. Zuniga also was a development officer for Philadelphia-based Pennrose Properties, one of the nation’s largest producers of affordable housing for families and seniors.

Among her professional affiliations, Zuniga was appointed by Gov. Larry Hogan to represent the housing community for the Maryland Sustainable Growth Commission. She serves on the boards of the Anne Arundel Affordable Housing Coalition, Bridges to Housing Stability in Howard County and the Maryland Affordable Housing Coalition, where she chairs the legislative committee.

Zuniga holds bachelor’s degrees in public policy and sociology from the College of William & Mary in Williamsburg, Virginia. She currently resides in Baltimore.

Foundation Development Group develops affordable-housing, market-rate and mixed-income multifamily communities, senior-living communities, single-family and townhome planned unit developments. The firm is currently seeking certification as a Minority Business Enterprise and Women’s Business Enterprise. Headquartered in Annapolis and established in 2013, Foundation Development Group handles all stages of development from construction through asset management. (www.foundationdevelopmentgroup.com)

Columbia, MD – Secretary Skinner joined members of DHCD’s Community Development Administration on a tour of neighborhoods in Anne Arundel, Howard and Prince George’s counties.

The idea behind the team-building day trip was to let the hardworking men and women who work in DHCD’s single family and multifamily units see the faces behind the paper; the effects of DHCD-funded projects on the families who live there. But that works two ways; residents in those communities also got a chance to meet some of the people whose behind-the-scenes work made their homes possible.

The group visited communities such as Burgess Mill Station in Ellicott City, where they were joined by County Executive Ken Ulman. At Burgess Mill Station, state resources and federal low income tax credits helped finance the redevelopment of the former Hilltop into a vibrant, mixed-income community.

The Community Development Administration is the housing finance arm of DHCD, working to build homeownership and increase the supply of affordable rental housing for working families, senior citizens and individuals with special needs.

Those programs have a dramatic impact on the state’s economic well-being. Each year, DHCD’s housing and neighborhood revitalization programs create jobs, stimulate the economy and add millions in state and local taxes. DHCD programs typically have an annual economic impact of about $30 for every dollar spent.

But those programs have an even more significant and far-reaching impact on what Governor O’Malley calls the most important place in the state – the family home. Using state and federal tax credits and other financing resources, the O’Malley-Brown administration has added more than 13,196 rental units in 145 projects for working families, senior citizens and those with special needs, with a total value of more than $2 billion. Through the Maryland Mortgage Program, the O’Malley-Brown administration has helped 10,731 families achieve homeownership with mortgages and down payment assistance totaling more than $2.1 billion.

A developer hopes to build luxury apartments between the Cherry Tree Shopping Center and the east side of the Maple Lawn community in Fulton, according to a plan presented to neighbors Thursday night.

The apartments would be built on the Buch property at the end of Old Columbia Road, where a construction business is currently located. The lot’s zoning was changed from business to a new designation allowing only for higher density residential projects during the last comprehensive zoning process in July 2013.

Plans show a long, four-story building on the middle of the property, with several clusters of apartments connected by corridors . The new community would include 283 housing units in total, according to engineer Robert Vogel, whose firm is designing the project.

Scott Moore, a developer for the project, said the units, which will be a combination of one-, two- and three-bedroom apartments, would likely rent for $1,500 to $2,500. By county law, the development would also be required to offer 15 percent of its units at a more moderate rate. Moore said those would be priced between $1,100 and $1,500.

The apartments would likely be managed by The Bozzuto Group, Moore said, and would be similar in design to Flats 170, an apartment community in Odenton.

The entrance to the community would be at the end of Old Columbia Road, which dead ends at the property. Vogel said it was unlikely the road could be extended to offer another access point, because the property is bounded on the south by the shopping center and a Howard County police and fire station.

Parking for the development would abut Route 29, along the eastern side of the lot. Vogel said there would be 1.8 parking spaces per unit, for a total of about 510 spots.

Moore said the project would ideally be completed in 2017, if the approval process runs smoothly.

But community members at the meeting said they had serious concerns about additional traffic and school overcrowding.

“It’s a completely unsafe situation,” said Vanessa Atterbeary, a resident of the neighboring Maple Lawn community and a Democratic candidate for a delegate seat in Howard’s District 13. Neighbors said children often cross nearby streets and would be endangered by added traffic, which they argued is already heavy during rush hour.

The next step for the proposal is for the developer to submit an environmental concept plan and site development plan to the county. Once those are received, an approval process, which includes a traffic study and adequate public facilities test, will begin.

Vogel said the lot is zoned appropriately for the apartment project and would not require any conditional use or waiver requests.