Affordable Housing

near Metro in Arlington

Dept. of Community Planning, Housing and

Development

Housing Division

September, 2011

Presentation SummaryArlington ContextAffordable Housing ToolsExamplesOutcomes

Decent Location

Arlington’s Urban Village

M

M

M

M

M

Lower Density ZoningLower

Density Zoning

Tools Plans

Ft. Myer Heights North, Columbia Pike, Crystal City, East Falls Church & Columbia Pike

Dollars – Financing Capital subsidies

Local trust fund and other sources Rent subsidies

Local housing grants and fed Housing Choice Vouchers

Tax Policy Partial exemption on real estate assessments

Density – Planning and Zoning The “Affordable Housing Ordinance” Bonus Density Special Affordable Housing Protection District

Columbia Pike Plan Mixed Use & Income Transit Corridor Affordable housing as key component

Preserve all 60% MARKs (approx. 3,200) Preserve 1/2 of 80% MARKs (approx 1,700)

Long-term time horizon

Parc Rosslyn – Mixed Income

Old - Rosslyn Ridge 22 apartments

New - Parc Rosslyn 238 apartments

101 affordable 137 market rate

Park density $5.7 mil value

County loan $6.3 mil LEED Certified

(Silver) TDC = $70 mil -

$294k/unit Rosslyn & Courthouse

metro stations

Views at Clarendon

Mixed-income 116 apartments

70 affordable 46 market rate

Air Rights $5.6 mil value

County loan $13.1 mil

Bonus Density LEED Certified

(Silver) TDC = $50 mil -

$430k/unit Clarendon metro

station

The Jordan – Affordable Housing/Mixed Use

Original Jordan Manor 24 affordable apts

New - the Jordan 90 affordable apts

Part of mixed use redevelopment Density - $5.8 mil

value County loan $7.8

mil TDC = $31 mil -

$344k/unit Ballston metro

Buckingham Villages – Mixed Income/Use

Originally 456 apts Redevelopment

threat By-right townhouses

Community process to re-direct outcome

Site Plan Apts. & Townhouses

Existing apts County purchase Historic renovation

County purchase for open space & streets

3/4 mile to metro/amenities

Outcomes 6,300 affordable rental unit developed

or preserved since 1980 14.5% of rental stock

Over 500 affordable ownership units All public-private partnerships

For more information visit www.arlingtonva.us/housing