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Sunday, February 9, 2014

County Board Members OK Redevelopment of Ballston Apartment Complex

Arlington County:
“County Board members on Jan. 26 gave approval to the redevelopment of the Carlyn Springs Apartments, being sought by the Arlington Partnership for Affordable Housing (APAH). As part of the proposal, the existing 27-unit apartment complex near the Ballston Metro station will be replaced by a five-story, 104-unit property with underground parking, a community center, tot lot and headquarters for APAH.

Under the plan approved by the County Board, 98 of the units will be guaranteed to remain affordable to families earning less than 60 percent of the area median income for the next 60 years. Other units will be rented at market rates. To help fund the project, APAH plans to apply for housing tax credits from the Virginia Housing Development Authority. If the request wins approval, construction is expected to start in late 2014, with completion in 2016. APAH also plans to use $7.8 million from the county government’s Affordable Housing Investment Fund to help finance the project.”
~Writes the Sun Gazette


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