APAH specializes in leveraging capital, lowering development costs, and building award-winning apartments.
We work closely with county and regional governments and private partners to access diverse and highly efficient financing models for our projects. Our real estate team has a wealth of expertise in complex project financing, including Low-Income Tax Credits, multifamily project management, and asset management.
The whole DC metro area is experiencing a lack of apartments that are affordable (either committed affordable or market rate affordable) to the tens of thousands of individuals and families that earn less than our area median income (defined by HUD as $110,300 in 2017). Arlington County alone has an estimated 7,500 individuals and families who are hard working, or on otherwise fixed income, that simply cannot afford to pay the rents at the current market rates.
Through the dedication APAH applies to the construction of quality low-income apartments, many properties have received awards.
Thanks to the pre-development work of the real estate development team, APAH is the owner of 15 properties. And has more than 800 apartments in its pipeline.
Related news and Stories
In the fall of 2016, APAH was selected to partner with the American Legion Post 139 on the redevelopment of their 1.3-acre site in Virginia Square. In transforming the property, Post 139 members saw an opportunity to revitalize their services to veterans and provide critically needed affordable homes. APAH was selected because of its demonstrated […]
Capital One Provides $57M in Financing for Arlington Affordable Housing Community – Commercial Observer – August 8, 2017
A $26.1 million construction loan and $31.1 million in LIHTC will fund the 173-unit project See the original Commerical Observer story here. Capital One has provided a $26.1 million construction loan and $31.1 million in low income housing tax credits (LIHTC) for Gilliam Place, a 173-unit affordable housing community in Arlington, Va., Commercial Observer can first report. […]
Arlington, VA (February 27, 2017) – On February 25, 2017, the Arlington County Board approved the Arlington Partnership for Affordable Housing’s (APAH) request to redevelop the Queens Court Apartments, updating an aging 39-unit complex into an EarthCraft-certified building of 249 units. Saturday’s County Board action authorizes the change in the General Land Use Plan, Rezoning, […]
APAH Announces Real Estate Team Promotions Arlington, VA (February 6, 2017) –Arlington Partnership for Affordable Housing (APAH) announces staffing changes on the real estate development team. Carmen Romero has stepped into the position of Vice President of Real Estate Development. Serving as the Director of Acquisitions, she has contributed greatly to the success of all […]
Governor McAuliffe Awards APAH $750,000 for Columbia Hills Apartments Arlington, VA (January 19, 2016) – Governor Terry McAuliffe announced today a $750,000 award to the Arlington Partnership for Affordable Housing (APAH) from the Virginia Housing Trust Fund. The award will provide a long-term no interest loan to support the construction of Columbia Hills Apartments, a […]