Falls Church Selects Urban Atlantic for Affordable Housing Development
1 report, 1 independent
Updated Wed 00:00
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What happened
City leaders in Falls Church selected Urban Atlantic as the development partner for the Virginia Village site. The new proposal includes two mid-rise apartment buildings with 132 committed-affordable units, alongside 10 for-sale townhouses. The townhouses are intended to help subsidize financing gaps for the project.
From arlnow.com
Why it matters
The project is part of a larger effort by the city council of Falls Church to address housing needs. The inclusion of affordable units and the use of townhome sales to subsidize financing affect local housing supply and real estate financing.
The city council of Falls Church has been working on a new housing plan.
From arlnow.com
Who's involved
- Falls ChurchThe municipality where the new housing development is planned.
- Letty HardiThe mayor of Falls Church.
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The entities involved
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Falls Church
independent city in Virginia, United States