Green Street Housing and Good Housing Open Atlantic Blvd Apartments in Loudoun County
Green Street Housing and Good Housing have officially opened the Atlantic Blvd Apartments in Sterling, Virginia. The 80-unit development represents a significant milestone as the first 100% attainable housing project in Loudoun County in decades, specifically targeting residents earning up to 60% of the Area Median Income. The $31.4 million project was completed in under three years through an innovative 'Expedited Review' pilot program by the Loudoun County Board of Supervisors. This streamlined process allowed for rapid re-zoning and permitting to address the urgent need for affordable housing in the region. Financing for the 106,000 square foot building was secured through a combination of Low Income Housing Tax Credits, tax-exempt bonds from Virginia Housing, equity investment from Cinnaire, and loans from the Loudoun County DHCD's Attainable Housing Loan Program.
Topics: Affordable Housing Public-Private Partnership Real Estate Development Urban Planning