West Wood Oaks is the only dedicated affordable rental housing development in Fairfax, VA. PCG helped to finance the acquisition and rehabilitation of the West Wood Oaks apartments.
Candeur Group Uses CDFI to Fund $6.5M Loan to Arlington, VA Property
Arlington,
Virginia
Community Development and Affordable Housing Fund
Candeur Group is pleased to announce its CDFI, Community Development and Affordable Housing Fund, closed a $6.5M loan for Park Shirlington, a 294-unit apartment complex in Arlington, Virginia. The 16-acre property is adjacent to the Village at Shirlington, a premier dining and entertainment destination in the Washington, DC I-395 Corridor.
Whites Mill Point II: Affordable Family Homes in Abingdon, VA
Abingdon,
Virginia
Virginia Community Development Fund
VCDC is proud to welcome Whites Mill Point II to our portfolio, a renovated community in Abingdon, VA, bringing 32 affordable homes to low-income individuals and families. The rehabilitation of the apartment homes at Whites Mill Point will significantly increase the quality of living for current and potential new tenants at this community, making it a place where residents are proud to call home.
Winchester Forest is a new community that brings 160 much-needed affordable homes to an area targeted for revitalization along Route 1 in Chesterfield County, Virginia. The one- two- and three-bedroom apartments are being developed to specifically serve families making annual incomes at or below 60% of the area median income (AMI), which for this area is $60,420 or under for a family of four. Funding through the Low-Income Housing Tax Credit will help keep rents manageable, capping them at a percentage of the area median income.
