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SSC2011_David CristealPPT
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Transcript of SSC2011_David CristealPPT
![Page 1: SSC2011_David CristealPPT](https://reader036.fdocuments.net/reader036/viewer/2022062708/558a9c70d8b42adb108b460c/html5/thumbnails/1.jpg)
Affordable Housing
near Metro in Arlington
Dept. of Community Planning, Housing and
Development
Housing Division
September, 2011
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Presentation SummaryArlington ContextAffordable Housing ToolsExamplesOutcomes
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Decent Location
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Arlington’s Urban Village
M
M
M
M
M
Lower Density ZoningLower
Density Zoning
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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
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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
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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
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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
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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
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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
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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