This new development, named The Residences at Government Center, is the first of its kind in Virginia to use a financing structure that mixes both 9% and 4% tax credit allocations from VHDA, as well as tax-exempt bonds from the Fairfax County Redevelopment and Housing Authority (FCRHA) and other financing sources.
Photo by Fairfax County Department of Housing and Community Development
The Residences at Government Center will include 270 LEED® for Homes-certified apartment units along with a number of amenities, including fitness and hospitality areas and a multi-level parking deck. All units at the Residences at the Government Center will be leased to households earning up to 60% of the Area Median Income.
The public-private partnership is designed to create an economically viable housing option for Fairfax County’s low- and moderate-income workforce, enabling county workers to live closer to where they work instead of in surrounding counties. The site is located on the Fairfax County Government Center campus, with the main entrance off Monument Drive, across from the Fairfax Corner mixed-use development.