1 / 8

The Arlington Partnership for Affordable Housing

The Arlington Partnership for Affordable Housing. Our Mission To develop, preserve, own and advocate for quality affordable housing in Arlington, and to promote opportunity for our residents through partnerships and programs. . AHS State of Affordable Housing May 2013. Arlington Mill .

oihane
Download Presentation

The Arlington Partnership for Affordable Housing

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. The Arlington Partnership for Affordable Housing Our Mission To develop, preserve, own and advocate for quality affordable housing in Arlington, and to promote opportunity for our residents through partnerships and programs. AHS State of Affordable Housing May 2013

  2. Arlington Mill Parc Rosslyn APAH to buyout, Paradigm, our co-developer, in 2013 Construction will be completed in December 2013

  3. Carlyn Springs Redevelop APAH property in Ballston Metro area Existing: 27 units Built in 1963 Transit-oriented location • Site plan accepted May 2013 • 104 units • New APAH office • Seeking County approvals in 2013 • Applying for tax credits in 2014 • Delivery in 2016 3

  4. Redevelopment in Rosslyn area Queens Court Redevelopment Queens Court Apartments 44,727 sq. ft. 4

  5. APAH requirements/constraints • Queens Court Redevelopment Goals • Replace aging 39-unit building with a minimum of 100 units, but ideally 250 committed affordable units • Leverage one of APAH’s most valuable assets – one acre in Rosslyn • Create an efficient and cost effective deal which will compete favorably in Virginia’s competitive tax credit competition • Total development cost per unit cap ($350K per unit) starting 2014 • Major affordable housing opportunity in Rosslyn 5

  6. Queens Court Redevelopment Summary of Options Max density = more affordable units atop new fire station and 1 acre park created Medium density = more affordable units atop new fire station Less density/ Simpler Execution = APAH redevelops existing site alone; Wood Construction and lower costs

  7. APAH Resident Services – New Partnerships Greenbrier Learning Center AFAC Food Distribution The Reading Connection ACE And Coop Ext Service Energy Masters

  8. Our Vision A diverse and inclusive, transit-oriented, sustainable community that welcomes and values all residents. Our Role Marry best practices in affordable housing finance and development with a deep commitment to the local community to advocate, preserve and build affordable housing.

More Related