About the Project
Now under construction, Arlington View Terrace East will provide new affordable homes in the fast-growing Columbia Pike corridor. The project is demolishing the largest of seven existing two- and three-story buildings in the Arlington View Terrace apartment community. The new building, with 77 apartments, will more than double the current 30 units. The redevelopment will boost the number of affordable apartments to 124 at Arlington View Terrace and create a variety of new amenities and features for residents.
Serving Households Earning Between 30% and 60% AMI
Expected to welcome new residents by early 2023, Arlington View Terrace East’s affordable apartments will serve families earning between 30% and 60% of the Area Median Income (AMI). Along with a range of incomes, the project will provide 15 three-bedroom apartments, eight fully ADA accessible homes, and eight units for Arlington County’s Permanent Supportive Housing (PSH) program, which provides the opportunity for residents with disabilities to maintain their housing and pay no more than 30% of their income toward rent. In addition, apartments throughout the building will meet Universal Design standards.
Residents will also enjoy a new community room, fitness room, courtyard, leasing office, and parking garage. The apartments will feature attractive plank flooring, bigger and more numerous windows, new appliances, and free WiFi for each household.
The new building will feature several sustainable design elements, including a projected 190-panel solar system, AHC’s second solar project in Arlington. The solar array is expected to generate 84,000 kwh a year, enough energy to power nearly eight single-family houses annually. Arlington View Terrace East is also AHC’s first Energy Star Certified building and includes an extensive green roof to support stormwater management. The community qualified for Gold-level certification with EarthCraft Multifamily, the nation’s first multifamily- specific green building program.
Local and National Funding Partners
Arlington View Terrace East is being financed with the help of local and national partners, including up to $8.23 million in loan funds through Arlington County’s Affordable Housing Investment Fund (AHIF) program, and a $900,000 loan from the Virginia Housing Trust Fund. The project also won an allocation of $2.03 million in competitive tax credits from Virginia Housing (VHDA), which will generate $19.5 million in tax credit equity. Other funders include Capital One, Virginia Department of Housing and Community Development, Hudson Housing, and NeighborWorks America.
The building is being designed by Cunningham l Quill Architects and constructed by Harkins Builders. Other partners include Walter L. Phillips, civil engineer, and Klein Hornig, LLC, tax credit council.