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8/30/2018

The Bloom and Carpenter's Shelter, Alexandria

The Bloom and Carpenter's Shelter

On August, 29th, 2018, Alexandria Housing Development Corporation, along with project partners celebrated the groundbreaking of the Bloom and Carpenter's Shelter. VHDA committed approximately $10.3 million toward funding through a mix of long-term taxable bond proceeds, $2 million in local Match funds and $5 million in REACH Rental funds.
7/2/2018

The Arbors at Culpeper

The Arbors at Culpeper

The Arbors at Culpeper a new senior living community, had a ribbon cutting on June 21, 2018.  The community includes 132 units with a fitness room, community room, media room, arts and crafts room, beauty salon, outdoor grilling area, dog park, raised garden beds and a business center.  There are 15 market rate apartments and the others are considered affordable living for seniors.
6/8/2018

Whittaker Place, Newport News

Whittaker Place, Newport News

The groundbreaking to convert the Whittaker Memorial Hospital building in Newport News to rental housing for low-to middle-income tenants was held on June 5, 2018. Financing for the apartments include housing credits and tax-exempt bonds.

4/16/2018

Culpepper Garden, Arlington

Culpepper Garden

Culpepper Garden in Arlington hosted a ceremonial kickoff on April 12, 2018 for the $62 million redevelopment of the non-profit senior center's original wing.  When the two-year project is complete, the 1970s-era main tower will have seen a top-to-bottom renovation and slight expansion from 206 to 210 units.  Designed for low-income seniors, its average tenant age is 77 and average income is $18,000.  Funding for the project comes from a mix of federal, state and local dollars and tax credits.
 
"It's all about partnerships," said Susan Dewey, Executive Director of the Virginia Housing Development Authority, which is pumping millions of dollars into the renovation.  Dewey said the project will enable the Culpepper Garden property to remain available to seniors of limited means for generations to come.  "It's incredibly rewarding and extremely important," she said of the effort.  "It's one thing to put together affordable housing. It's another to keep it that way."  The Arlington County government earlier this year earmarked nearly $11 million from its Affordable Housing Investment Fund to support the construction.
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