the arlington partnership for affordable housing
DESCRIPTION
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 . - PowerPoint PPT PresentationTRANSCRIPT
The Arlington Partnership for Affordable Housing
Our MissionTo 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
Parc Rosslyn
APAH to buyout, Paradigm, our co-developer, in 2013
Construction will be completed in December 2013
Arlington Mill
Carlyn Springs
3
Existing:27 unitsBuilt in 1963Transit-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
Redevelop APAH property in Ballston Metro area
4
Queens Court RedevelopmentQueens Court Apartments44,727 sq. ft.
Redevelopment in Rosslyn area
5
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
APAH requirements/constraints
Queens Court Redevelopment Summary of Options
• APAH swaps site for 15-story high-rise location at Wilson School atop fire station. Queens Court becomes parkland or other county use
284 Affordable
Units
• APAH jointly redevelops 12 story mid-rise Queens Court with fire station.
200 Affordable
Units
• APAH redevelops Queens Court site alone as 6 story-low rise.
120 Affordable
Units
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
APAH Resident Services – New PartnershipsGreenbrier Learning Center
The Reading Connection
ACEAnd Coop Ext Service Energy Masters
AFAC Food Distribution
Our VisionA 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.