A Loch Raven Boulevard motel, long an eyesore and source of frustration in Towson, is set to be demolished next year to make way for a new apartment building that will add more than 100 reduced-price units to Baltimore County, government leaders and developers said Thursday.

Located a few blocks from the site of a deadly mass shooting Tuesday night, the $55 million project will produce 122 housing units plus a 3,000-square-foot workforce development center.

Baltimore County Executive Johnny Olszewski Jr. said the Days Inn by Wyndham Towson recorded more than 460 requests for service by police and emergency personnel last year, straining county resources and burdening the neighborhood. It’s near two other aging motels that officials said also have caused problems.

“The soon-to-be former Days Inn site has been a challenge for this community,” Olszewski said at a Thursday news event. “We’re turning this into a meaningful investment in public safety and an opportunity for investment in the Loch Raven corridor.”

This is the second major housing deal Baltimore County has reached this year, both of them pivotal for the county’s effort to comply with a voluntary consent agreement with the federal government. To rectify decades of discriminatory housing practices, Baltimore County must add 1,000 units of affordable housing within certain areas by 2028 or face penalties. Counting the Days Inn site, the county will have met a little more than 90% of the goal.

Developers said they expect to close on the property in April and demolition could begin quickly thereafter. In addition to the job training center, the building — situated right off the Baltimore Beltway and close to schools, parks and transit stops — will feature 7,000 square feet of amenity space for residents.

In a November letter to Baltimore County Administrative Officer D’Andrea Walker appealing for permit and concept review fee waivers, the development team called the project a “high priority” due to its desirable location and the “declining” nature of the motel.

Housing developments of this nature are complex and typically require financial help from state and local governments.

The so-called Loch Raven Overlook building will be made possible with a payment in lieu of taxes agreement for developers Osprey Property Co. II LLC and Pax Development LLC; federal coronavirus pandemic relief aid passed through Baltimore County; state and county loans and grants; and assistance from the Federal Low Income Housing Tax Credits.

The terms of the county’s PILOT agreement with the two developers have yet to be finalized, said Terry Hickey, director of the Baltimore County Department of Housing and Community Development.

Most of the units will be made available to people earning 60% of the area median income, or about $47,000 a year for a one-person household. The rest will be listed for those earning 80% of the area median income, or about $68,000 annually.

Those income thresholds are meant to support county workers such as teachers, government employees or health care technicians who otherwise may not be able to live in Baltimore County.

County Councilman Mike Ertel, a Democrat who represents the Towson area, said the new residential community will add “a lot of stability” to the corridor.

Labeling the motel as “kind of a problem property,” Ertel said he hoped a redevelopment of this nature would entice more activity in the area and quell neighbors’ concerns. He said allowing the project to move forward in his district was an “easy” decision and served as a “win-win for everyone.”

The county has a mixed record on housing.

Olszewski, who heads to Congress next month, has made the topic something of a pet issue, forming the county’s first Department of Housing and Community Development during the pandemic and creating a housing trust fund that helps support projects, such as Loch Raven Overlook.

But some County Council members have been less enthusiastic about adding more affordable housing to their districts and have worked to slow Olszewski’s agenda. In one instance, they banded together to block legislation that would have incentivized more housing construction; in another, they overrode his veto on a bill designed to institute more restrictions on building in areas with crowded schools.

The state, facing a housing deficit of at least 96,000 units, is especially short on units in Baltimore County. The shortfall is so acute that it’s keeping one large community of low-income residents all but trapped in an unsafe complex in Lansdowne that has outlived its useful lifespan.

Earlier this month, Olszewski signed an executive order calling for new developments that receive financial help from the county to offer a percentage of units at reduced rental rates.

County Council Chair Izzy Patoka, a Democrat representing the Pikesville area, said he supported the measure but noted that it could be undone rather easily by the incoming administration. An interim county executive has not yet been named.

At Thursday’s news event, Olszewski reiterated that Tuesday’s violence a few blocks to the south was “horrific and shocking” but did not pose a continued threat to the community. Police are investigating it as an isolated incident.