Terwilliger Place

Currently under construction! Opening in 2022!

Located at 3445 Washington Boulevard, just 1,500 feet from the Virginia Square-GMU Metro, Lucille & Bruce Terwilliger Place will be a 160-unit affordable rental community, featuring a modern 6,000-square-foot ground floor space for American Legion Post 139. The Certified EarthCraft Gold building will also include community and multi-purpose spaces, a counseling office, and a business center. Terwilliger Place will have 50% veterans preference, and more than 10% of the units will be reserved for households earning 30% of the area median income.

This community was conceived when, in response to an aging facility and diminishing membership, the members of American Legion Post 139 saw redevelopment as an opportunity to transform their site, programs, and services. In 2016, the American Legion Post 139 selected APAH to redevelop their site in Virginia Square to create affordable one-, two-, and three-bedroom apartments and a new Post.

APAH guided the project through the Washington Boulevard and Kirkwood Road Special GLUP Study “Plus” and Concept Plan in 2017, which helped unlock greater density for the site. The project was approved for rezoning and gap financing from Arlington County’s Affordable Housing Investment Fund  in 2019. APAH skillfully balanced the hybrid underwriting parameters to enable both this project and Mt. Sterling Senior to win 9% credits in the same cycle in 2019.

The project broke ground in May 2020 and is scheduled to open in 2022.

Financing

The $80 million project includes $33.8 million in Low-Income Housing Tax Credits (LIHTCs) awarded by the Virginia Housing and Development Authority (VHDA). Capital One purchased the tax credits and provided $70,000 in predevelopment grants from Capital One’s Community Impact & Investment team. The transactions were originated by Edmund Delany, Senior Director and Senior Capital Officer for the Mid-Atlantic region of Capital One’s Community Finance team. In addition to tax credits, VHDA also provided a direct permanent loan, a loan through its Resources Enabling Affordable Community Housing in Virginia (REACH Virginia) programs, and a grant for pre-development work. The Commonwealth of Virginia provided a permanent loan from the Virginia Housing Trust Fund. Arlington County provided a loan of $11.5 million.

Terwilliger Place is the first APAH property where philanthropy has played a pivotal role. The Terwilliger Family Foundation provided the lead gift of $1.5 million. Ron Terwilliger is a renowned multi-family developer and national advocate for affordable housing. The project will be named Lucille and Bruce Terwilliger Place in honor of his parents.

More than 50 donors joined the Terwilligers in responding to APAH’s Uniting to Serve capital campaign, including Amazon, which provided $1 million through the Arlington Community Foundation. In total, more than $4 million was raised to support construction, create more units serving extremely low-income households, and support programming once the building is complete.

Stories from Terwilliger Place

APAH and American Legion Post 139 Celebrate the Terwilliger Place Construction Start, May 11, 2020

The Terwilliger Family Foundation Pledges $1.5 Million for APAH’s Innovative American Legion Post 139 Housing Project, August 5, 2019

Terwilliger Place in the News

Construction Update

 

Video shows progress until August 15, 2020, credit: CBG Building Group

 

Property Information Sheet

Terwilliger Place Investor Sheet