Real Estate Developments

RESIDENCES AT GOVERNMENT CENTER II – NORTH EAST 9%

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Description

The overall Subject development will be a combined development consisting of four components - North East 9% (Subject), North West 4% (74 units), South East 9% (66 units), and South West 4% (69 units). There will be separate condominium ownership structures for each of the four phases. The overall development will offer 279 units, all of which will be restricted to households earning 30, 40, 50, 60, and 70 percent of the AMI or below. Additionally, 32 of the Subject's units will benefit from project-based subsidies, where tenants pay 30 percent of their income towards rent. The Subject's units will be contained in two five-story elevatorserviced midrise-style residential buildings.

Project Details

Type

Multi-Family

Status

In Progress

Address

Government Center Parkway And Post Forest Drive

City

Fairfax

State

VA

Zipcode

22035

Construction

New Development

Start Date

2024

Expected Completion Date

2026

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Source(s):
VHDA
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          Sources:

          VHDA

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