May 16, 2011 at 2:32pm
The Arlington County Board on Saturday approved a $4 million loan that will help a local non-profit purchase a 134-unit affordable apartment complex.
The Arlington Partnership for Affordable Housing (APAH) plans to use the loan to help purchase the Marbella Apartments (1301 N. Queen Street) in the Radnor/Ft. Myer Heights neighborhood. APAH is in the process of securing about $10 million from the Virginia Housing Development Authority to complete the $13 million purchase.
The Marbella Apartments include 120 existing committed affordable units, but the restrictions that keep the units affordable are set to expire in 2018. With its purchase, APAH will keep the units affordable for at least another 60 years, and will convert the complex’s 14 market rate units to committed affordable units.
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April 16, 2021 8:30 AM by Charlie Clark
The blue sign and multi-hued banners off of Washington Blvd. proclaim these Westover garden-style apartments as “Fisher House: Now Leasing.”
That’s not to be confused with the national nonprofit called the Fisher House Foundation, which builds for needy military families.
This one’s run by the Arlington Partnership for Affordable Housing, which, as its inaugural project in 1991, purchased the early ‘40s-vintage apartments and named them in honor of the late congressman Joseph Fisher (1914-92).
His name ring a bell? Fisher became a hero to Arlington Democrats during the “Watergate election” of 1974, when he ousted 11-term conservative Republican Rep. Joel T. Broyhill. Fisher’s confidant and chief of staff John Milliken (a county board member in the early 1990s) recently recalled his close rapport with Fisher.
County Board Mulls Changes to Affordable Housing Grants Ahead of Budget Vote
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