The project proposal has received approval from the City of College Park, the Board of Regents and the Prince George’s County Council.
If the tax credit is granted, it would be worth $571,000 distributed over five years.
They're aiming to open housing to students by August 2022.
The “Western Gateway Project" is set to be built near the Domain.
Part of it will replace the Burger King on Route 1 in College Park.
It will bring 451 apartments to the area.