The redevelopment, located in Fort Myer Heights North area between Rosslyn and Courthouse, will prov

The County collaborates with developers to find creative financing to build affordable housing projects, said Arlington County Board Chairman J. Walter Tejada. The tax credits are one of many financing tools we use to preserve and create affordable rental units for our community. We will continue to try all housing finance options possible to assist our hard-working car rental agencies families who want to remain here.
The Virginia Housing Development Authority (VHDA) administers the federal program that encourages communities to produce more affordable rental housing. Housing developers can sell the tax credits to investors who use them to offset a portion of their federal tax liability.
Buckingham Village 3 is an affordable project that is part of the County s effort to both preserve the historic character of garden apartments and to retain affordable housing in the Buckingham community.
The County purchased Buckingham Village 3 for $34.5 million car rental agencies in 2009 and entered into a 75-year lease agreement with Telesis Corporation and National Housing Trust-Enterprise Preservation Corporation to redevelop and manage the property. car rental agencies Renovation of the first 92 units was completed in 2011.
With the tax credits, Telesis will begin renovations of the remaining 48 apartments and the units will remain affordable through the duration of the 75-year land lease. Buckingham Village 3, now called Buckingham Gardens, is located at the 300 block of N. George Mason Drive and has 16 apartment buildings with a total of 140 residential units.
In March, the Arlington County Board approved a site plan development that will renovate two of the historic garden apartment buildings at the Pierce Queen Apartments car rental agencies and replace the three other buildings with a high-rise residential building.
The redevelopment, located in Fort Myer Heights North area between Rosslyn and Courthouse, will provide 193 units, of which 76 will be affordable. car rental agencies The County Board approved a $6.8 million loan to help finance construction of the affordable units, which will be contractually committed to remain affordable for 60 years. Wesley Housing Development Corporation has partnered with Bozzuto Development Company for this mixed-income car rental agencies project.
The availability of affordable housing and access to housing assistance programs are priorities for the County. The total number of committed affordable rental units in Arlington is now 6,585, car rental agencies which is more than 14 percent of the County s rental stock.
Arlington, Va., is a world-class residential, business and tourist location that was originally part of the 10 miles square parcel car rental agencies of land surveyed in 1791 to be the Nation s Capital. Slightly smaller than 26 square miles, it is the geographically smallest self-governing county in the United States, and one of only a handful with the prized Aaa/AAA/AAA bond rating. Arlington maintains a rich variety of stable neighborhoods and quality schools, and has received numerous awards for Smart Growth and transit-oriented development. Home to some of the most influential organizations in the world -- including the Pentagon -- Arlington stands out as one of America s preeminent places to live, visit and do business.