Thursday, October 15, 2009
Looking Forward at Views at Clarendon
Labels: APAH, Arlington, Bozzuto, Clarendon, MTFA Architecture
The Class A apartment community will consist of 46 market-rate apartment homes and 70 affordable apartment homes, of which 12 will be supportive housing for very low income households. The residences will be a mix of studios, one-, two- and three-bedroom floor plans. The current MTFA Architecture, Inc. design is planned achieve LEED Silver status.
The project was first approved in October 2004, and was then tied up in a zoning dispute that stretched all the way to the Virginia Supreme Court. After two years, a $200,000 lawsuit, and a “technical adjustment” to the applicable zoning ordinance, the county provided salvation to the church by giving approval in February 2007.
Views at Clarendon is being co-developed by Bozzuto Development Company and Chesapeake Community Advisors. Bozzuto Construction Company is the general contractor and Bozzuto Management Company will professionally manage the community. The Arlington Partnership for Affordable Housing has served as consultant to the project since its inception.
Monday, December 15, 2008
Use 'Em or Lose 'Em Credits for Views at Clarendon
Labels: Affordable Housing, APAH, Arlington, Clarendon
While the approval was good news for the project, every silver lining at the Views seems to have a cloud. In accordance with Internal Revenue Service deadlines for the tax credit program, the project’s developer, the Views at Clarendon Corporation (VCC), must have the development "ready for occupancy" by December 31, 2011 - meaning that the developer must turn paper into bricks soon, or face the prospect of losing their $2.3 million in credits.
This is just the latest wrinkle for the much embattled project, which has faced not one but two legal battles in 2004 and 2007, respectively – including one that took them all the way to the Virginia Supreme Court. Additionally, construction delays, legal fees, and the downturn in the economy, have driven the project’s budget from $41.2 million to $49.2 million. With the newly approved addition to their cache of county dollars, the total of the Views’ Affordable Housing Investment Fund loans has now reached $13.1 million – not to mention the aforementioned tax credits.
David Cristeal of the Arlington Department of Community Planning characterized the inclusion of tax credits as "essential" to the project's budget and said without them, it cannot be built. He did, however, confirm that the developer now plans to break ground on September 1st, 2009 and said that "It gives [the development team] a 24 month construction period and some cushion." But not much.
In order to keep the project on target and keep costs down, the First Baptist Church of Clarendon – the entity that owns the proposed site at 1210 North Highland Street and makes up one-half of the VCC development team, along with the Arlington Partnership for Affordable Housing – has elected to defer a portion of its developer fee and accept $500,000 less for the development rights above their church.
At least the road to the Views is paved with good intentions. The 116-unit, mixed-income building promises to add 70 affordable apartments – including 12 reserved for the County Department of Human Services’ Permanent Supportive Housing Program - within earshot of the Clarendon Metro. Arlington County Board Chairman, Walter Tejada, described the county as “committed to increasing the supply of affordable housing” and said that the Board is “working closely…with the [VCC] and their development team…to make this development happen.” Lacey
Monday, December 01, 2008
The Views at Clarendon Stumps for Final Approval
Labels: Affordable Housing, APAH, Arlington, Clarendon, MTFA Architecture
Perhaps not surprisingly for a religious organization, VCC is aiming their project at providing housing for disadvantaged tenants by way of housing that is both affordable and accessible to the handicapped. The Views will boast 46 market rate units – 6 of which will be “100% accessible” - and 70 "affordable" units – 6 of which will be reserved for families making under 50% of the area median income. Additionally, another 5 units will go towards the “County supportive housing program.” The building's floorplans will range from studios to three bedrooms, coupled with 120-space underground parking garage – just one block from Clarendon Metro. The project is being designed by MTFA Architecture.
Given that its developer is a nonprofit entity, the Views faced serious delays as APAH tracked down funding for the project. Just last week, the development corporation upped their Affordable Housing Investment Fund loan request from $5.3 million up to $6.5 million – on top of the low-income housing tax credits and additional federal loans that have already been secured. According to APAH, “this additional financing will enable construction to be completed by the end of 2011.” The Arlington County Board will decide whether or not that loan goes through at its meeting on December 13th.
A need for increased funding, however, is not the first hang-up that Views has run into on the rocky road to development. The project was first approved in October 2004, and was then tied up in a zoning dispute that stretched all the way to the Virginia Supreme Court. After two years, a $200,000 lawsuit, and a “technical adjustment” to the applicable zoning ordinance, the county provided salvation to the church by giving approval in February 2007. Locals had filed a lawsuit to reverse the original zoning approval, objecting to the plan that would keep the current church and its 107-foot steeple, and include daycare and "moderately priced" housing. A circuit court judge had ruled against the neighbors in 2005, reversed in 2006 when the Virginia Supremes determined that the zoning board acted against its own zoning ordinance, a decision which begat the February 2007 approval. A further lawsuit to stop the project was dismissed in July, 2007.
Tuesday, October 14, 2008
High-Style and Mixed-Income Meet at Parc Rosslyn Opening
Labels: Affordable Housing, APAH, Arlington, Collins + Kronstadt, Paradigm Development, Rosslyn
"I think people will be stunned by this beautiful building," said Nina Janopaul, Executive Director of APAH. "It represents a very efficient use of government resources to create this wonderful opportunity for a mixed-income, diverse property.”
Located in the Rosslyn-Ballston corridor, the Collins & Kronstadt-designed building satiates the area’s needs for high-density, affordable, green housing (a LEED silver certification is pending for the project) in one of the region’s biggest and busiest thoroughfares. “We’re really fulfilling this goal that the Arlington County Board had back in the 1960's to create transit-oriented development,” Janopaul told DC Mud. “We’re using density near public transit corridors - and what a wonderful thing that is for the environment, too.”
At a total cost of $68 million, more than two-thirds of Parc Rosslyn budget came from tax exempt bond-issue financing – making it the largest ever such project approved by the County. "Essentially, the term of art is a conduit financier," says Ken Aughenbaugh , Director of Arlington County's Housing and Neighborhood Division. "These bonds are sold on the market by an investment bank to others who buy the bonds as investments - usually larger corporations or mutual funds. This is a mechanism that other jurisdictions around the country use to finance affordable housing developments." The rest of the funds for the project came from low income housing tax credits and soft second mortgage financing provided by the County.
APAH originally acquired the site - which formally housed a 1940s-era, 22-unit garden apartment development - from Arlington County in 1994 at no cost, but did not begin construction until January of 2007. Residents began to move in this past July, while the finishing touches – swanky pool included – were finally completed in September. Construction was handled by Paradigm Development, the company which will also be serving as the building manager of the project.
In order to mark the occasion, Parc Rosslyn will hold its’ gala grand opening this coming Thursday, October 16th, on site at the new building. Congressman Jim Moran (D), Chairman J. Walter Tejada of the Arlington County Board, Executive Director Susan F. Dewey of the Virginia Housing Development Authority, APAH Chairman Caroline Settles, and Executive Director Janopaul will all be on hand to remark on the occasion. The ceremonies begin at noon and will include a tour of the facilities. The event is open to the public.
Thursday, March 01, 2007
Second Chance Granted to First Baptist Church
As DCMud reported at the beginning of this month, residents of the surrounding Lyon Village neighborhood filed a lawsuit in November to reverse the zoning approval of the project, objecting to the 10-story, 116 rental-unit structure that will keep the current church’s 107-foot steeple in tact and include daycare and moderately priced housing. The County Circuit Court judge ruled in 2005 against the neighbors, but the decision was reversed in 2006 when the Virginia Supreme Court determined that the board acted against their own Zoning Ordinance 27A and thus, invalidated the earlier zoning approval. After changing this technicality, the plan was resubmitted for approval.
Over 200 neighbors, community figures, and board members attended the February 24th meeting, 126 of whom signed up to speak. According to Mary Curtius, the Arlington County Media Relations Manager, the attendance was evenly divided between supporters and opponents. Curtius added that the county’s main interest in the project is the affordable housing and day care, “what is so unusual about it (the project) is that there are so few opportunities in Arlington for affordable housing and daycare within walking distance of the metro. The two together is almost impossible to find.” At the meeting, board member Jay Fisette shared the same sentiments, “If not here, where?” he asked.
Those opposed to the project threatened a second lawsuit, the first of which was paid for by the neighbors. Barring any further legal action, the Views at Clarendon Corporation, Inc., the non-profit that was formed for the project, will begin developing the county’s largest childcare facility and new affordable housing units. While the site plan has been approved, permits for the 1201 N. Highland Street development have yet to be obtained. The church began the process back in 2003 when it hired the Arlington Partnership for Affordable Housing (APAH) to guide it on affordable housing.