Community-driven Development: Atlantic Boulevard Apartments Open

Community-Driven Development: Atlantic Boulevard Apartments Open

Recently, a significant milestone was achieved with the groundbreaking of Atlantic Boulevard Apartments, a new community that will feature 80 units of affordable housing. This noteworthy initiative comes from the collaboration between Good Housing and Green Street Housing and represents a crucial step toward addressing housing needs.

Accelerating Progress in Affordable Housing

The Atlantic Boulevard Apartments project transitioned from zoning application to groundbreaking in just 18 months. This rapid process was facilitated by the diligent efforts of the development team, local officials, and various funding partners. This timeline stands out as a remarkable achievement for the community, serving as a model for future developments.

Quick Approvals as a New Standard

Kim Hart, Managing Member of Good Housing, remarked on the achievement, emphasizing that the swift approval process is an encouraging development in the locality's quest for more attainable housing. Hart expressed hope that this model prompts continued support for accelerated approvals for impactful housing projects.

Collaboration Equals Success

Chase Powell, Partner and Director of Development at Green Street Housing, highlighted the teamwork crucial in moving this project forward. He noted that successful delivery of quality affordable housing demands coordination and partnership among all parties involved.

Key Features of Atlantic Boulevard Apartments

The Atlantic Boulevard Apartments will be constructed on a site adjacent to the W&OD Trail, previously utilized as a VDOT stormwater area. The apartments will offer 1-, 2-, and 3-bedroom layouts, tailored for families and individuals earning up to 60% of the Area Median Income (AMI). These units aim to blend affordability with sustainability, featuring a design that prioritizes eco-friendliness and comfort for residents.

A Community Focus

Facility amenities will include a community room, exercise space, playground, and even a pollinator garden. Such facilities not only enhance the living experience but also encourage community interaction and engagement, crucial elements for any thriving neighborhood.

Support from Local Government

The Loudoun County Board of Supervisors played an instrumental role in this project's inception, promoting it through their pilot "Expedited Review" program. This initiative aims to determine if simplifying approvals can advance local housing goals effectively—an approach that advocates for more accessible housing solutions.

A Call for More Initiatives

Supervisor Koran Saines emphasized the importance of following the Atlantic Boulevard model, suggesting it could pave the way for future initiatives focusing on attainable housing. His statement reflects a broader commitment among local leaders to prioritize housing accessibility.

The Transformation of Unexpected Spaces

The project is a prime example of utilizing previously overlooked land, transforming a former stormwater site into a vibrant community. John Pellerito, Principal at Good Housing, noted that while many deemed the site unusable, the development team saw potential for creating high-quality housing for working families.

Investment and Community Commitment

With a total development cost exceeding $27 million, funding will come from a mix of 4% Low-Income Housing Tax Credits syndication by Cinnaire, tax-exempt bonds from Virginia Housing, and a soft loan from the Loudoun County Department of Housing and Community Development.

Leasing for the Atlantic Boulevard Apartments is set to commence in fall 2026, marking a new chapter for many families seeking affordable options within their communities.

About Good Housing

Good Housing originates from Reston and specializes in affordable and workforce housing development across the Greater Washington, D.C. Metro area. Their commitment to creating architecturally appealing and sustainably built homes at below-market rates underlines their dedication to addressing housing challenges.

About Green Street Housing

Based in Salisbury, Maryland, Green Street Housing focuses on the creation and preservation of high-quality affordable rental options. With over 1,500 affordable units developed in the Mid-Atlantic, their expertise lies in crafting effective public-private partnerships to overcome housing issues.

Frequently Asked Questions

What is the Atlantic Boulevard Apartments project?

The project involves the construction of an 80-unit affordable housing community located adjacent to the W&OD Trail.

Who is behind the development?

The development is a collaboration between Good Housing and Green Street Housing.

When is leasing expected to begin?

Leasing for the apartments is scheduled to start in fall 2026, providing an opportunity for families seeking quality affordable housing.

What types of units will be available?

The project will feature 1-, 2-, and 3-bedroom apartments aimed at individuals and families with incomes up to 60% of the Area Median Income.

How was the project funded?

Funding comprises a blend of Low-Income Housing Tax Credits, tax-exempt bonds from Virginia Housing, and a soft loan from the Loudoun County Department of Housing and Community Development.

About The Author

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