(Updated to correct number of affordabke units and clarify nature of funds) The Arrowbrook development near the Innovation Center Metro Station got a funding lift yesterday (Tuesday) afternoon.
The 274-unit project, an affordable housing development under the federal Low Income Housing Tax Credit program, received $3 million in funding after the Fairfax County Board of Supervisors voted to approve the issuance of bonds.
The move fills a $3 million funding gap that the county says was created by “supply change shortages resulting from COVID,” according to county documents.
Springfield District Supervisor Pat Herrity voted against the proposal.
Located at the future Arrowbrook Centre Drive and Centreville Road in Herndon, Arrowbrook is being developed by SCG Development Partners.
The project is already under construction and is more than 70% complete.
Board of Supervisors Chairman Jeff McKay touted the county’s efforts to reach its affordable housing goals.
“The work to ensure every resident of Fairfax County can live and work here is a nonstop focus of the Board. Earlier this year we doubled the County’s goal to 10,000 net affordable units by 2034, and we have 4,000 units either completed or in the pipeline. We are proud of the work we have done and continue to do with our partners, both non- and for-profit, throughout the region,” McKay wrote in a newsletter following the meeting.
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