The Arlington County Board is set to consider a plan to lend about $11 million to a nonprofit organization looking to save affordable garden apartments in Westover.
The Board is scheduled to vote Saturday on the eight-figure loan from the county’s Affordable Housing Investment Fund. The financing would allow the nonprofit Arlington Partnership for Affordable Housing to buy eight apartment buildings in the neighborhood, according to the county. The purchase would account for 68 affordable units — all but four are one bedroom units — at an average acquisition cost of about $215,000 per unit.
“The Westover neighborhood in North Arlington has a substantial inventory of market and committed affordable apartments,” APAH says on its website. “But many have been eliminated, or are at threat of elimination.”
The vote comes as Westover comes to grips with the redevelopment of some area properties, including an aging garden apartment building that are being replaced with luxury townhouses.
The Arlington Green Party is lobbying for a local historic designation in an effort to make it harder to tear down Westover buildings or renovate them. Already, much of the neighborhood — which was developed between 1938 and 1948 — is a national historic district.
The Coalition of Arlingtonians for Responsible Development, which advocates for an equitable distribution of affordable housing across the country, is supporting the proposal.
“CARD hopes that this acquisition [by APAH] will enable families the opportunity to live in Westover and enjoy its excellent schools and amenities,” Kay Langenbeck, chair of the group’s housing committee, wrote in a letter to the Board.
The total estimated cost of acquiring and renovating the apartments is $27.2 million, according to the county staff report. The project will be completed in three phases.
Photo via Arlington Partnership for Affordable Housing
As Arlington County continues collecting feedback on the preliminary concept plan to turn Langston Blvd into a “Green Main Street” over several decades, a few disagreements have emerged. Some say…
RSVP to learn about the Forestry and Natural Resources Plan during the virtual open house tomorrow at 7 p.m.
Within the first five minutes of Netflix’s new series Partner Track, Arlington native and Yorktown High School graduate Alexandra Turshen already has her “boss” moment by telling the new paralegal…
The Arlington Art Truck is back this fall starting October 1 with an exhibit focused on Arlington’s birds.
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!
– No app necessary. Simply go to the website if you’d like!
– No account necessary
– Use your current location or a desired location
– Add restaurants you’re interested in, invite your friends, and play the game!
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.
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