Press Release from Arlington County:
Press Release from Arlington County:
Source: Westover Farmers Market 360
The Westover Farmers market (which I am pleased to be a sponsor of) has a new vendor for your furry friend. Dog Bark has hand crafter natural treats for dogs. No wheat, corn, soy or gluten. You can visit their website at http://www.dogbarkbones.com or better yet come to the farmers market this Sunday. You can’t bring your dog into the market but because they are right at the Washington Blvd entrance you can bring your furry friend into their booth.
The Farmers market is located in the Westover neighborhood of Arlington, Va and the entrance is on the corner of Washington Blvd and McKinley.
Teddy the dog approves!
I was enjoying a very nice dinner with friends at Sfizi in Falls Church City. It’s a lovely little Italian restaurant with an excellent menu, great service and a nice wine list. We were just into desert and one of the patrons stood up (I think he must have known the owner) and gave us this wonderful performance. How lucky for us.
The Arlington Public Library will soon open a pop-up location in Crystal City to provide a public space where members of the community can gather, read and learn.
Due to the popularity of the schools, the shopping (Italian Store, Lebanese Taverna, Lost Dog Pizza, The Westover Farmers Market and more) and reasonable proximity to metro and Bus Transit Westover has become a hot real estate market. It’s good to see the county recommitting to providing affordable housing in this area.
WASHINGTON, D.C. – (RealEstateRama) — The Arlington County Board today moved to preserve 68 affordable apartments in the Westover neighborhood, approving a $10.9 million Affordable Housing Investment Fund allocation to the non-profit Arlington Partnership for Affordable Housing (APAH). The loan and associated documents will be considered by the Board in December.
APAH will use the proposed loan to help it buy market-rate units within eight apartment buildings. The affordable housing developer intends to renovate the units and guarantee their affordability to families earning at or below 60 percent of the area median income for 60 years.
“The Board’s action will help preserve both these affordable apartments and a beloved neighborhood, where we want to keep a range of housing affordability,” said Arlington County Board Chair Libby Garvey. “This allocation of funds implements goals of the County’s Affordable Housing Master Plan, which calls for preserving our existing stock of affordable homes.”
The Westover neighborhood has nearly 700 garden apartments, built in the 1940s, that are listed as contributing resources to the Westover National Register District. Of those units, 223 are currently committed affordable units. The nearly 470 others are market rate affordable units. In the past few years, 62 market rate affordable units in Westover have been demolished for the development of by-right luxury townhomes.
In recent months, a number of community members have expressed a desire to preserve both these historic buildings and their affordability. The County is conducting aneighborhood study for its consideration as a local historic district.
The County Board voted 5 to 0 to approve the allocation.
The units currently are market rate affordable, meaning they are affordable to low-income households as a result of market pricing rather than local, state or federal affordability or income requirements. The Board’s action today is the first step in guaranteeing the affordability of the units, adding them to Arlington’s long-term committed affordable unit inventory.
The units, which APAH will purchase between late September 2016 and January 2017, would eventually – upon tenant turnover — be income-restricted to households earning 60 percent of the area median income (AMI) and below. There will be no tenant relocation at this time. Before the renovations, APAH will develop a relocation plan and present it to the tenants and the County’s Tenant-Landlord Commission.
APAH plans to substantially renovate all 68 apartments, beginning no earlier than fall 2017, and may enlarge existing units and/or add a few new ones.
The Affordable Housing Investment Fund, a revolving loan fund, is the County’s main financing program for affordable housing development. Since its creation in 1988, the fund has helped create the majority of Arlington’s 7,500 affordable rental units that benefit low-income households. It provides incentives for developers through low-interest loans for new construction, acquisition and rehabilitation of affordable housing.
The fund is comprised of local and federal dollars and is also supported by loan repayments and developer contributions. For many projects, $1 of public funds can leverage $3 in private funds invested in the community. Learn more about funding affordable housing.
For more information, view item No. 57 on the September 24 County Board Meeting Regular Agenda.
Arlington County Government
Helping my Arlington, Va clients meet their goals, one home at a time.
It’s really wonderful when I am able to help someone move to the next phase of their life. We reviewed the comps for Miriams’ home closely then priced it competitively. Miriam received multiple offers, well over asking and was able to get a quick close on her home.
Yay! If you would like to know what your home is worth, you can always contact me at 571-228-5656 or email@example.com. My only job is to understand your real estate needs and goals and help you meet them.
2321 Quantico St. Arlington, Va. 22205
Gracious all brick, 5 bedroom, 2 car garage walk to metro colonial. Looking for the best of Arlington, Va realestate? This is wonderful N. Arlington value. You will not want to miss this home that is now priced at $995,000. Check out the floor to ceiling windows in the living and dining rooms. Let that sun shine in! Gas fireplace in living room and family room. Den off the remodeled kitchen. Lower level features large family room with fireplace and wet bar + large bedroom + Full bath + storage. 2 zones. One new furnace, new hot water heater, newer windows. A few blocks to the East Falls Church metro (Orange and Silver line), and few more to the shops and restaurants of Westover Village. Open 1-4 on Sunday September 25, 2016. Come by or call/email me to see this home. 571-228-5656. firstname.lastname@example.org
Below are the most recent available monthly real estate statistics for Arlington County. In general year of year numbers are positive. Inventory continues to fall short of last years numbers. This along with continuing low interest rates is bolstering the average sold price. Higher priced Arlington homes are also contributing to higher total volume. 66 homes (64 detached and 2 attached) with 4 or more bedrooms closed in August. This is up from the 55 in the same period last year. The average sale price for the detached homes was $1,088,396, up almost 3% from last year. The softest spot seems to be in the lower end detached which saw small decrease in the average sales price and the condo/townhome 1-2 bedroom market which saw the average sales price fall to $481,800 from last years $550,422 for the 6 units sold. This is a snapshot of all inventory in Arlington real estate that was listed in the MLS. To get a true market analysis for your property, it’s important to look at zip codes, neighborhoods, commutes, metro access etc. When purchasing or selling a home, the only important numbers are those that a true comparables to that specific property. For other Northern Virginia Statistics or questions about your community or home, contact me at email@example.com. 571-228-5656