NORTH VIRGINIA – Five affordable housing projects in Northern Virginia will receive a total of $ 5.5 million in funding under state-approved affordable and special needs housing loans.

Forty-three applications for affordable housing loans have been received during the current round of funding, requesting more than $ 42 million. Proposals were ranked and loans were offered to the highest ranked proposals based on the availability of funding.

The funded projects, totaling $ 24 million, will create or preserve 1,635 affordable housing units, targeting low- and very low-income Virginians, according to the state.

The loans are low interest rates, and the loan terms encourage developers to use external sources of funding, such as tax credits or other federal and local funding programs.

The Virginia Department of Housing and Community Development administers Affordable and Specialized Housing Loans, which combine state and federal resources. Funding comes from three main sources: the federal HOME Investment Partnerships program, the federal National Housing Trust Fund, and the Virginia Housing Trust Fund.

In this funding round, the Department of Housing and Community Development has allocated over $ 7 million through the HOME program, over $ 4 million through the National Housing Trust Fund, $ 12.6 million through Virginia Housing Trust Fund and an allocation of $ 500,000 through the Permanent Supportive Housing Fund.

“As the COVID-19 pandemic continues to create housing challenges in our Commonwealth and across the country, we are pleased to deploy this funding to support Virginians who need it most,” the Governor of Virginie Ralph Northam in a press release. “The Affordable Housing for Special Needs Program is a valuable resource in increasing the availability of safe, affordable and sustainable housing for low-income Virginians, especially those with special needs.”

Two applications from Arlington County, two from Fairfax County and one from Winchester were among 28 loan applications approved statewide.

The five winning applications for affordable housing in Northern Virginia were:

Arlington County

Arlington View Terrace East / AHC Inc.

  • $ 900,000 from the Virginia Housing Trust Fund
  • The Arlington View Terrace East project will consist of a partial redevelopment of an affordable 60-year-old multi-family rental community with 77 units in the Arlington View neighborhood. The new construction building will more than double the number of long-term affordable units on the plot and add family-sized units in a neighborhood where housing costs are rising.

Central United Methodist Church Ballston Station / Arlington Partnership for Affordable Housing

  • $ 900,000 from the Virginia Housing Trust Fund
  • Central United Methodist Church Ballston Station is a new 144-unit residential construction project located directly across from Ballston Subway Station in Arlington County. All units in this building are accessible under Fair Housing. Eight units will be fully accessible and four will be accessible to people with sensory impairments.

Fairfax County

Oakwood North Four / Arlington Partnership for Affordable Housing

  • $ 900,000 from the Virginia Housing Trust Fund
  • The Oakwood North Four project will provide 79 units of essential affordable housing for independent seniors near the Van Dorn metro station. This project will allow vulnerable households to age in place and includes a significant number of small units focused on single-person senior households, which will be fully accessible under equitable housing.

Ovation at Arrowbrook | SCG development

  • $ 900,000 from the Virginia Housing Trust Fund
  • $ 900,000 from the National Housing Trust Fund
  • $ 600,000 from the HOME program
  • Ovation at Arrowbrook (Arrowbrook Apartments I) will be a new build of 126 family units, consisting of one, two and three bedroom apartments for renters with incomes of 30 percent or less, 40 percent, 50 percent and 60 percent of the region’s median income. Six units will be reserved for people with intellectual disabilities whose income is equal to or less than 40% of the median income in the region. Fifteen units will be fully accessible to residents with physical and / or sensory disabilities. The building will include a structured parking garage, finished club room, gym, conference center, and study and computer center. The project will include an outdoor lounge and grill area, bicycle storage, access to the dog park, as well as close proximity to a 15-acre park within the development site.

City of Winchester

Blue Ridge Habitat for Humanity Affordable Housing 2020 / Blue Ridge Habitat for Humanity

  • $ 400,000 from the HOME program
  • The Blue Ridge Habitat for Humanity 2020 Affordable Housing Project will result in five affordable housing units for five families earning less than 60% of the region’s median income. The funding will be used for families and individuals who reside in Winchester. Families will participate in seminars that will prepare them for homeownership and help build their homes, completing 200 “sweat equity” hours.

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