Board Commits $7.9 Million Affordable Housing Loan to Queens Court South - Arlington - February 27, 2018
In a 5 to 0 vote by the Arlington County Board, APAH’s Queens Court planned renovation takes another step forward after being awarded a $7.9 million loan from the Arlington County’s Affordable Housing Investment Fund (AHIF).
“The Board’s action today fulfills part of the vision of the Western Rosslyn Area Plan by helping finance the construction of affordable housing,” Arlington County Board Chair Katie Cristol said. “Rent increases are putting much of our once-affordable rental housing beyond the reach of working people in our County. We are delighted to help APAH replace Queen’s Court with many more affordable units, a majority suitable for families, that are committed to staying affordable for 75 years.”
Read the Press Release from Arlington County here.
Rendering of Queens Court.
