Board Commits $7.9 Million Affordable Housing Loan to Queen’s Court South
• 249 affordable units planned
• More than half the units will be family-sized
• Walking distance to Metro
The County Board today committed a $7.9 million Affordable Housing Investment Fund loan to help build Queen’s Court South in the heart of Rosslyn. The action follows the Board’s February 2017 approval of the Arlington Partnership for Affordable Housing’s (APAH) Site Plan for the project.
“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.”