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vPoint Pays Back $1.2 Million County Loan

The newly-renovated Church at ClarendonvPoint Apartments, an affordable housing complex in Clarendon built on top of a church, has repaid part of its Affordable Housing Investment Fund loan.

The repayment was done in dramatic fashion, with representatives of the complex presenting the Arlington County Board with a check for $1.2 million on Tuesday.

The apartments, owned by the Views at Clarendon Corporation, opened more than 18 months ago and are currently at capacity, according to Views at Clarendon Chair Jerry Morris. Of the building’s 116 apartments, 70 are affordable units.

The project received a total of $13.1 million from the AHIF, according to Views at Clarendon spokeswoman Jill Norcross.

“We weren’t expecting to be able to return this much so early on in the project’s operations, but we ended up not needing the full loan and wanted to give it back so the county could recycle it for other projects,” she said in an email. “The county really supported us throughout the whole nine-year development process.”

The funds will go back into the AHIF, which draws funds from developers, loan repayments and allocations in the county’s annual budget. The AHIF has funded a majority of the county’s 6,500 affordable housing units.

“We are fortunate to live and work in a county that prioritizes affordable housing and we thank you for your partnership during the development of the vPoint Apartment community,” Morris said before the Board. “We wish you continued success in recycling AHIF in order to ensure Arlington has housing options for all of our residents.”

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Now you can have fun with your family and friends when deciding where to eat!

Just hop aboard The Lunch Train and set the destination for: breakfast, brunch, lunch, dinner, or nightlife!

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Lyon Park & Ashton Heights’ biennial home & garden biennial tour is back. The tour will include contemporary custom homes, older historic bungalows as well as renovated properties. One of the stunning homes on the tour is pictured above.  In addition to beautiful & unique homes, the Villa & Vistas ’22 event will conclude with a festive reception at the Lyon Park Community Center at 414 N Fillmore Street, Arlington VA 22201. What could be better right?

All proceeds from this event will go to the Lyon Park Citizens Association (LPCA) towards our neighborhood jewel & hub, the Lyon Park Community Center (LPCC).

When: Sunday, October 2nd, Noon – 4 PM. 

Where: Meet to get your tickets and the tour map at the Lyon Park Community Center (414 N Fillmore Street) We will have a table with information outside.

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Homebuying 101: Steps to Getting Pre-Approved

Are you ready to jump into homeownership or started considering it but don’t know where to start? Financial preparation is key when thinking about purchasing your first home and the first step to getting pre-approved. Join ACFCU for our Homebuying

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The Pink Carpet Event Charity Fashion Show will feature our fabulous breast cancer survivors slaying the runway! Designers from Baltimore and the Washington, DC Metropolitan area will bring exquisite fashion and glamour to this event. Professional male and female designs

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