Reasonably priced Housing Growth Accepted for Unused Authorities Middle Parking Lot
A whole lot of households and people will quickly stay on the seat of county authorities now that the Board of Supervisors has accepted a plan to transform an underused parking space into reasonably priced properties.
The centrally positioned, vibrant and walkable neighborhood can be constructed on the 340-space floor car parking zone on the Authorities Middle between Publish Forest Drive and the north entrance to the primary campus.
The event, named The Residences at Authorities Middle II, will embody two mid-rise multifamily buildings with a complete of 279 items for households and people incomes from 30 % to 70 % of space median earnings, with a median earnings of as much as 60 % of the world median earnings. The event will even present:
- 15,500 sq. ft of community-serving services together with a childcare heart and a resident/community-serving house.
- A publicly accessible city park with a pedestrian promenade.
- Environmental options together with EarthCraft Gold Inexperienced Constructing Certification, photo voltaic panels and electrical car charging.
- Roughly 65 % of the items can be two- and three-bedroom items.
The Board of Supervisors additionally accepted $14 million in funding for the venture, which can be utilized in reference to the Low Revenue Housing Tax Credit score program. The venture can be developed by Lincoln Avenue Capital in a public-private partnership with the Redevelopment and Housing Authority.
This venture will assist the county in its dedication to producing and preserving reasonably priced properties with a purpose of manufacturing a minimal of 10,000 new properties by the yr 2034.
“That is us main by instance on a bit of property that’s on the coronary heart of civic engagement in Fairfax County. We don’t simply discuss reasonably priced housing – we’re prepared to place it on the grounds of the Authorities Middle on this explicit excessive profile location. I believe this speaks volumes to how this neighborhood feels about reasonably priced housing,” mentioned, Fairfax County Chairman Jeffrey C. McKay.
“This venture is a win-win-win. It is a win for 279 people and households who can have reasonably priced properties. It is a win for the low and moderate-income households who can be served by the brand new childcare facility. And it is a win for the setting as a result of we’re changing a car parking zone with a contemporary inexperienced constructing, pedestrian promenade and concrete park house,” mentioned, Braddock District Supervisor James R. Walkinshaw.
Lincoln Avenue Capital can be submitting its tax credit score software in March and, if awarded, will pursue constructing permits. Development is anticipated to start in Spring of 2024.