A joint venture between the Arlington Partnership for Affordable Housing (APAH) and EYA is advancing its infill development plan at Arlington County’s Crystal House apartments, supported by Amazon financing. This project aims to add affordable housing, particularly for seniors, to the site. The first phase involves re-entitling a market-rate condo tower into an 80-unit all-affordable housing building for seniors with plans to apply for low income housing tax credits and break ground next year with completion expected in 2026. Subsequent phases will add 844 new units resulting in nearly 1,700 units on the site with a majority of them being affordable moderate or low income households. Amazon’s Housing Equity Fund played an integral role transferring development rights to Arlington County making this initiative possible.
Investor Secures $34.3M for Research Triangle Apartments – SEO Friendly
Madison Capital Group has successfully secured $34.3 million in financing for the development of Madison Aquiline, a high-end garden-style apartment
Steve Griffin
September 20, 2024
