Tuesday, February 16, 2010

Habitat Builds Condos in NOVA

Habitat for Humanity of Northern Virginia is completing a 9-unit condo project, its second multi-family project in Fairfax. Though the non-profit builder is known for its single-family homes, the Maple Ridge, just off Lee Highway, sits next to the 12-unit Westbrook Forest condo, which Habitat completed in 2007. Construction on Maple Ridge began in January 2009 and the dedication and handing over of keys will be on March 6th.

The occupants of both buildings are "partner families" who are selected prior to construction, and who then help in the construction of their new home. Families work with the non-profit to pay back their no-interest 20-30 year mortgages that go toward building additional Habitat homes.

Families are selected based on several criteria: the families must have been Northern Virginia residents for at least a year, must currently be living in inadequate or substandard housing and must be willing to partner with Habitat. Partnering means future homeowners must commit between 300 and 500 hours of "sweat equity," meaning families work to build their home and other Habitat homes. Virginia Patton, the Marketing Communications/Media Manager for Habitat of Northern Virginia, said with the condos, families work side by side with their neighbors to help build their homes, making it a "community effort."

The Maple Ridge condos include six three-bedroom units at 1,100 s.f. each and three two-bedroom units at 900 s.f.

Fairfax Virginia real estate development news


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