January 21, 2016

The Villages at Goose Pond – Marshall, VA

Today’s post originally appeared in VML’s Virginia Town and City Magazine.

“I love VHDA loan programs, because as a developer, they give me the ability to get a rental complex going, fully develop it and then hold on to it for the long term — 20 to 30 years,” said Brian Selfe, a partner in the project and president of Wellworth Properties, Inc., the developer and property manager of The Villages at Goose Pond.

Located in Fauquier County, this 71-townhouse complex is a mixed-income community that fits well into its small town surroundings. The first tenant moved into the $15 million property last November. Current residents earn, on average, 80 percent of the area median income. Three- and four-bedroom apartments are available, each with a two-car garage. According to Selfe, some Goose Pond tenants who have lower-paying jobs receive Housing Choice Vouchers for tenant-based rental assistance.

“Goose Pond provides nice housing people can rent until they’re ready to buy,” Selfe said, adding, “Some tenants, especially millennials, are renters by choice, who may never buy a house but still want a great place to live that’s perfectly located and priced right.”

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