Join Club

Berkeley Affordable Housing Redevelopment Earns Key Loan Changes

A new affordable housing complex along Four Mile Run is moving closer to becoming a reality, now that county officials have signed off on additional financing plans for the development.

The County Board gave its final approval to more than $20 million in loans this week for the redevelopment of the Berkeley Apartments (2900 S. Glebe Road), in addition to a few policy changes that will help the project’s backers secure additional financing and kick off construction in earnest.

“We’re looking forward to the project continuing to take shape,” said Board Chair Katie Cristol.

The nonprofit AHC Inc., which is backing the development, started to tear down the existing apartment complex this summer, and plans to eventually construct two buildings on the property, located just across the county’s border with Alexandria. In all, the two five-story buildings will offer 256 apartments, all of which will be “committed affordable units” with rent prices tamped down to help people afford the homes.

Last year, the Board sent roughly $20.9 million in loans from the county’s Affordable Housing Investment Fund to spur the project’s construction, with $7.4 million dedicated to one building and $13.5 million on the other

But as the project’s plans have developed, AHC asked the Board to shift about $1.5 million away from one building to the other, in order to cope with some unexpected construction costs. The developer also told the Board that it wouldn’t need roughly $333,000 of the previously approved AHIF loan, which it will redirect to help existing Berkeley tenants find new homes as the construction starts up — AHC started telling residents they’d need to leave around this time last year.

With those changes approved, AHC can set about securing the rest of the financing it needs for the two buildings, one with a final price tag of just over $51.5 million and the other at $47.7 million, according to a county staff report.

The developer plans to use a mix of bank loans and financing from the Virginia Housing Development Authority to afford the project, the report lays out.

Sara Pizzo with the county’s Department of Community Planning, Housing and Development told the Board that AHC hopes to ramp up demolition work once it closes on this financing.

Ultimately, the developer hopes to open one building by “the spring or summer of 2020,” and the next one by the fall of that same year, Pizzo said.

Recent Stories

Many parents of children at Key Elementary School are outraged at the way a possible threat of gun violence by a student was handled by administrators.

We could tell you how great CarCare To Go is. We could tell you about how they are transforming the way people care for their cars with free valet pick-up…

Meet the two new legal professionals to join The Law Office of James Montana team.

Wakefield High School was placed in lockdown Thursday afternoon after reports of a trespasser, possibly armed with a gun, and a threat against a student.

The Arlington-Aachen High School exchange is returning this summer and currently accepting applicants.

The sister-city partnership started in 1993 by the Arlington Sister Cities Association, which seeks to promote Arlington’s international profile through a variety of exchanges in education, commerce, culture and the arts. The exchange, scheduled June 17th to July 4th, includes a two-week homestay in Aachen plus three days in Berlin. Knowledge of the German language is not required for the trip.

Former participants have this to say:

_”The Aachen exchange was an eye-opening experience where I was fully immersed in the life of a German student. I loved biking through the countryside to Belgium, having gelato and picnics in the town square, and hanging out with my German host student’s friends. My first time out of the country, the Aachen exchange taught me to keep an open mind, because you never know what could be a life changing experience.” – Kelly M._

Read More

Submit your own Announcement here.

Learn about the new assessment of Arlington’s urban tree canopy and the many ecological and social benefits trees provide. Staff from the Green Infrastructure Center (GIC) will share study results and compare canopy cover for different areas of Arlington.The webinar will include assessments of ecosystem services such as stormwater mitigation, air quality, carbon uptake, and urban heat islands. For background on Arlington trees see the “Tree Benefits: Growing Arlington’s Urban Forest” presentation at http://www.gicinc.org/PDFs/Presentation_TreeBenefits_Arlington.pdf.

Please register in advance to assure your place at the webinar, https://attendee.gotowebinar.com/register/29543206508863839.

About the Arlington County Civic Federation: The Arlington County Civic Federation (“ACCF”) is a not-for-profit corporation which provides a forum for civic groups to discuss, debate, inform, advocate and provide oversight on important community issues, on a non-partisan basis. Its members include over ninety civic groups representing a broad cross-section of the community. Communications, resolutions and feedback are regularly provided to the Arlington County Government.

The next meeting is on Tuesday, February 21,2023 at 7 pm. This meeting is open to the public and will be hybrid, in-person and virtually through Zoom. Part of the agenda will be a discussion and vote on a resolution “To Restore Public Confidence in Arlington County’s Governance”. For more information on ACCF and this meeting, go to https://www.civfed.org/.

Read More

Submit your own Announcement here.

Valentine Pop-Up at George Mason University

Valentine gifts for someone special or for yourself are here at George Mason University from noon -4pm on February 14, 2023. Satisfy your sweet tooth with Kingsbury Chocolates, find a handmade bag from Karina Gaull, pick up treats from Village

Standup Comedy Showcase Starring Matt Ruby (Comedy Central)

Dead Horse Comedy Productions brings together top comedians from the DMV and beyond for a live standup comedy show!

Matt Ruby, Headliner

Matt Ruby is a comedian, writer, and filmmaker from New York City. His comedy has been filmed by

×

Subscribe to our mailing list