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Board Approves Another Loan to Redevelop Affordable Housing Complex

by Chris Teale November 29, 2017 at 4:45 pm 0

The Arlington County Board approved an additional loan Tuesday night to help redevelop an affordable housing complex near Four Mile Run.

The Board loaned $13.5 million from the county’s Affordable Housing Investment Fund to the Berkeley II project at 2900 S. Glebe Road to help with the cost of construction.

Approved in 2016, the project will redevelop the Berkeley Apartments into two new buildings, known as Berkeley I and Berkeley II.

The Board approved a $7.4 million loan for the Berkeley I building to nonprofit developer AHC, which owns the property, earlier this year from AHIF’s FY 2018 budget. This latest loan is from the FY 2019 budget.

When built, the buildings will have more than 250 committed affordable apartments. Currently, the Berkeley has 138 units, and Board member John Vihstadt said the redevelopment will be a “huge boost and a lift up to that community.”

Current tenants will be relocated during construction, with AHC required to adhere to a relocation plan approved last year. Tenants on the Berkeley I site received 120-day notices to vacate in July and August, and those on the Berkeley II site should receive their notices this fall.

“AHC’s goal is to find housing for all eligible Berkeley residents at either AHC sister communities in close proximity to The Berkeley or at other nearby rental properties,” county staff wrote in a report on the loan. “Any existing Berkeley resident who is in good standing and who meets the income qualifications will be given first priority to apply for an apartment in the new buildings.”

At the County Board meeting, AHC officials said they expect ground-breaking to begin in April on the new buildings.

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