Boost in Affordable Housing
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This fancy building will bring 71 net new affordable rental apartments to Arlington County. The county board approved the $38M redevelopment of Carlyn Springs Apartments, a property owned by Arlington Partnership for Affordable Housing. The forthcoming The Springs Apartments will have 104 units, with 98 committed affordable for the next 60 years for individuals and families earning under 60% of the Area Median Income, or $64,000 for a family of four. Among those 98 units, 22 of them will be for residents earning under 50% of AMI. Construction could finish in 2016. APAH CEO Nina Janopaul says Arlington once had 17,000 affordable housing units, but now it's down to 5,000, creating a housing and employment crisis.