$3.2M In VA Funds Dedicated To 2 Fairfax Affordable Housing Projects

FAIRFAX, VA — Two housing projects in Fairfax County are among the 34 projects to receive a total of more than $27 million in state Affordable and Special Needs Housing loans, according to a release on Friday from Virginia Gov. Glenn Youngkin office.

“These projects will provide critical support to our most vulnerable populations, strengthening our economy, and improving the quality of life for countless Virginians,” Youngkin said, in the release. “Stable and affordable housing is foundational to building a thriving economy. These projects were carefully selected to ensure they make the most impact on their future residents and the surrounding communities.”

The $27 million in loans will help create and preserve 1,990 units for low-income and extremely-low incoming housing. The projects include 1,588 new construction units and 137 permanent supportive housing units plus 16 units for sale as homeownership opportunities.

A full list of the 2022 spring ASNH awards can be found here.

In Fairfax County, the loan funding will be going to two projects:

Autumn Willow 4/Autumn Willow 9

The Michaels Development Company I LP received a total of $1,800,000 in loan funding for its twin Autumn Willow project, which is being developed on a 10.8-acre site owned by the Fairfax County Redevelopment & Housing Authority at the intersection of Stringfellow Road and Autumn Willow Drive in the Springfield District.

The project received $900,000 in funding from the Virginia Housing Trust Fund and $900,000 from the National Housing Trust Fund. The project will develop 75 new rental units at Autumn Willow 9 with eight reserved for permanent supportive housing. The units will be available for seniors 62 and older. Sixteen additional units will serve households earning less than 30 percent of the area median income, 22 units will be for households earning less than 50 percent of the AMI, and 37 for those earning less than 60 percent of the AMI.

At Autumn Willow 4, the project will develop 75 rental units with eight dedicated to permanent supportive housing. They will be available for seniors earning up to 60 percent of the AMI.

One University Family/One University Senior

SCG Development Partners LLC received a total of $1,400,000 in VHTF funding for the combined One University Family and One University Senior project. The One University Family project is renovating 120 rental units on a 10.8-acre property owned by FCRHA adjacent to the Fairfax campus of George Mason University. Once the renovation is completed, the units will be available for households earning less than 30-60 percent of the AMI. The adjacent One University Senior project is renovating 120 units for seniors earning less than 30-60 percent of the AMI.

“Affordable and Special Needs Housing loans continue to be a vital resource for increasing the stock and availability of affordable housing and supporting an economy that works for all Virginians,” said Secretary of Commerce and Trade Caren Merrick, in a release.