The Linden Senior Residences
Address
Under Construction
The Linden will create 130 new affordable homes for independent seniors aged 55+ earning between 30-60% of the area median income (AMI). The project is one part of a master-planned community by Peterson Companies, which will include nearby amenities.
The Linden represents True Ground’s second affordable senior community located in Loudoun County and is scheduled to be completed in the summer of 2026. Construction and design partners include general contractor Bozzuto Construction, Advanced Project Management (APM), Grimm + Parker Architects, Moya Design Partners, Allen + Shariff Corporation, and Urban Ltd. civil engineers.
Financing
This development is an approximately $64 million project, with construction costs close to $33 million. Virginia Housing awarded the project 9% and 4% Low-Income Housing Tax Credits (LIHTC), marking True Ground’s eighth project to employ this complex hybrid financing model. Approximately $29 million in tax credit equity was purchased by financial partner, Truist. Project financing sources include more than $6 million from Loudoun County’s Affordable Multi-Family Housing Loan program, $7.5 million from Amazon REACH funds, $1.4 million in Virginia Housing Trust Fund financing, and $4 million from Virginia’s Housing Innovations in Energy Efficiency (HIEE) program, administered by the state Department of Housing and Community Development (DHCD).
In the News
Key Features
- Community rooms and flexible multi-purpose space
- Wellness suite
- High-speed Wi-Fi
- Telehealth services
