The first building permit for Kincora Village has been issued—to the Windy Hill Foundation’s project to build workforce housing at the future mixed-use development.
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. It will be 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 rents 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.
Numerous studies have found Loudoun critically short of housing for lower- and middle-income people. Most recently, an assessment of the needs of nonprofits in the county recommended Windy Hill coordinate the efforts to expand affordable housing options.
Last year, Windy Hill estimated since 2006 the Virginia, DC, suburbs have received $358.32 million in housing grants. Only $17.62 million of that came to Loudoun—all for Windy Hill projects. In October 2017, the Loudoun Board of Supervisors revised the county’s Affordable Dwelling Unit program to make it compatible with state and federal grant and financing requirements, opening the county to building more affordable housing.
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.
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.
At the building’s site, some of the people involved in the project gathered to celebrate the issuance of the building permit. Those included Andrea Gonzales, representing Flatiron Partners, co-owners and co-developers of Heronview Apartments; Edmund Delany, representing Capital One, tax credit investors, construction lender, and permanent lender; Kim Hart, consultant to Windy Hill Development Company; Mike Scott, representing NA Dulles Real Estate Investors, master developer of Kincora; Jackson Spivey, project superintendent; and Josh Nay, project manager, both representing KBS, the general contractor based in Richmond.
Construction began Sept. 19 and will be completed before the end of 2018.