LAC leaders, native lawmakers and companions celebrated the era of this reasonably priced housing crowd within the Braddock District.
FAIRFAX, Va., Dec. 11, 2024 /PRNewswire/ — Lincoln Road Communities (LAC), a mission-driven acquirer and developer of reasonably priced housing, needful garden Monday at the Apartments at Executive Middle II all over a rite with LAC leaders, native lawmakers and companions, together with Virginia Housing, the Virginia Segment of Housing and Population Building, the Fairfax County Redevelopment and Housing Authority (FCRHA) and Capital One.
LAC leaders, native lawmakers and companions split garden on Apartments at Executive Middle II, celebrating the era of this reasonably priced housing crowd.
The Apartments at Executive Middle II will handover 279 fine quality, reasonably priced houses for households within the Braddock District. Upon finishing touch, this crowd can even trait a daycare middle, offering a barricade and handy childcare possibility for citizens.
U.S. Consultant Gerry Connolly, who represents Virginia’s eleventh District in Congress, spoke on the groundbreaking rite. Alternative audio system incorporated Nick Bracco, Vice President, Lincoln Road Communities; Lenore Stanton, Chair, Fairfax County Redevelopment and Housing Authority; Jeffrey C. McKay, Chairman, Fairfax County Board of Supervisors; James Walkinshaw, Braddock District Manager, Fairfax County Board of Supervisors; and Kerrie Wilson, CEO, Cornerstones.
“Throughout my career, creating and preserving affordable housing has been a key priority. As a Congressman and the former Chair of the Fairfax County Board of Supervisors, I am thrilled to be a part of this innovative use of land to further the creation of affordable housing in our community,” stated Rep. Connolly.
“Lincoln Avenue Communities is proud to begin construction on the Residences at Government Center II,” stated Nick Bracco, Vice President, Lincoln Road Communities. “Once completed, this property will offer nearly 300 affordable homes with top-tier amenities to families and individuals in Fairfax County, where new affordable housing is strongly needed.”
“We are proud to welcome new affordable housing right here in our front yard at the Fairfax County Government Center. These new homes will ensure that more people have an equitable shot at building their own future, right here in Fairfax County,” stated Jeff McKay, Chairman, Fairfax County Board of Supervisors.
“For years, I’ve felt that we could make better use of the sea of parking in front of the Fairfax County Government Center to help meet our affordable housing goals. I made the motion to convey the property to the FCRHA for that purpose, and today, we are seeing this concept come to fruition,” stated James Walkinshaw, Manager, Braddock District, Fairfax County Board of Supervisors. “I look forward to welcoming 279 families to their new homes at this innovative complex in the Braddock District.”
“During the 2024 calendar year, we have come together to celebrate affordable housing groundbreakings or grand openings several times. Residences at Government Center II is another testament to our commitment to developing affordable housing in all corners of Fairfax County,” stated Lenore Stanton, Chair, Fairfax County Redevelopment and Housing Authority.
“We are pleased to help bring affordable housing to Fairfax, just a short distance away from Capital One’s headquarters. This development builds on our relationship with Lincoln Avenue Communities and the work we have done to expand affordable housing in Fairfax, Miami, New Orleans and Richmond,” stated Ed Delany, Senior Director for Population Finance at Capital One. “Capital One provided construction debt, LIHTC equity investments and permanent Freddie Mac loans, including structuring and closing Freddie Mac’s first Forward Bond Credit Enhancement in just 90 days to meet the closing timeline.”
“Residences at Government Center II is a perfect example of taking underutilized land and creating something beautiful to support the community,” stated Director, Manufacturing Patricia Mao Booker at KTGY. “Our architects carefully designed around the surrounding environment to enhance the pedestrian experience for this mixed-use affordable housing complex. We’re proud to support low-income families in Fairfax with this new, beautifully designed community.”
About LAC:
Lincoln Road Communities (LAC) is among the people’s fastest-growing builders, traders, and operators of reasonably priced and staff housing, offering fine quality, sustainable houses for lower- and moderate-income folks, seniors, and households national. A subsidiary of Lincoln Avenue Capital, LAC is a mission-driven group with a presence in 28 states and a portfolio of 170+ homes comprising 30,500+ gadgets.
SOURCE Lincoln Road Communities
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