Comstock Announces Affordable Housing Project for Rockville Development Site
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Comstock Holding Companies, Inc. (Nasdaq: CHCI) is partnering with SCG Development Holdings, LLC to develop an affordable housing project in Rockville, Maryland. The project will be located on land currently owned by Comstock.
November 20, 2024 | 2:45 pm
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Comstock Holding Companies is forming a joint venture with SCG Development Holdings to develop an affordable housing project in Rockville, MD. This project is part of Comstock's strategy to expand its portfolio in the Washington, D.C. region.
The partnership with SCG Development Holdings for an affordable housing project is a strategic move for Comstock, potentially increasing its asset base and influence in the Washington, D.C. region. This development aligns with current market trends favoring affordable housing, likely boosting investor confidence and positively impacting CHCI's stock price in the short term.
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