The Windy Hill Foundation has been awarded more than $15 million in tax credit funding from the Virginia Housing Development Authority to build Heronview Apartments, 96 units of affordable workforce housing at Kincora.
The funding will help pay for the construction of a 4-story, 120,000-square-foot apartment building with 1-bedroom, 2-bedroom, and 3-bedroom apartments. They will be available for households making 50 percent of the area median income or less, with rent ranging from $915 to $1,135 per month.
Heronview will also offer 10 fully handicap-accessible units available to households making 40 percent of area median income or less, with rents ranging from $505 to $965 per month.
“From our humble beginning 35 years ago in western Loudoun County, Windy Hill is pleased and excited to have grown large enough to now offer apartments at this scale to meet the overwhelming need for affordable workforce housing in eastern Loudoun,” Kim Hart, executive director of Windy Hill Foundation, said.
The Loudoun County Housing Office provided design assistance with HUD funding made available through the Community Development Block Grant Program. The Loudoun County Board of Supervisors voted unanimously to forgive all County Building Permit and Land Use fees in related to the project.
Construction is expected to begin next spring, with residents moving in summer of 2018. These apartments will be among the first residential units to open at Kincora, a 6.7 million-square-foot, mixed-use development at the southwest corner of Rt. 7 and Rt. 28.
“With these tax credits Windy Hill Foundation will make it possible for 96 families to enjoy high quality housing right here in the community where they work, play and attend school,” said Loudoun County Chamber of Commerce President and CEO Tony Howard. “That’s great news not only for these families but for our Loudoun community. This project will add to Loudoun’s stock of affordable workforce housing and allow more employees to live closer to their jobs, thereby reducing the burden on local roads while keeping more of their income in the local community.”
Heronview Apartments will be certified to platinum standards by Viridiant of Virginia for its earth-friendly design. Each unit will include ENERGY STAR energy-saving appliances and water-saving faucets and shower heads.