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Arlington Property Converts to Affordable with $47M HUD Loan

Standard Communities has been working toward converting the community from market rate to affordable since acquiring it in 2018. Standard Communities has converted Park Shirlington, a 294-unit apartment community in Arlington, Va., from a market-rate to a long-term affordable property with a $46.6 million HUD-backed loan secured by Walker & Dunlop. ....

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Park Shirlington owner nabs federal funding to assist with renovations and affordability

The owner of garden apartments on the edge of the Fairlington neighborhood nabbed $46.6 million in federal loans to help keep the units affordable and fund upgrades. Over the last two years, Standard Communities, which owns Park Shirlington (4510 31st Street S.), has been amassing funding including from Arlington County to keep the ....

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