Board of Supervisors Approves 150 Units of Affordable Senior Housing
At its January 28 meeting, the Fairfax County Board of Supervisors voted to approve the construction of 150 units of affordable independent senior housing in the highly cost-burdened Fairfax/Alexandria City area.
The Oakwood Residences will be constructed on the 6.2-acre site located at the intersection of Oakwood Road and South Van Dorn Street in Alexandria. The property is owned by the Fairfax County Redevelopment and Housing Authority and will be leased to Arlington Partnership for Affordable Housing (APAH) for the development of the project.
The Oakwood Residences represents a substantial housing investment to support the growing older adult population in Fairfax County—providing more opportunities for residents to age in place in communities where they have participated, worked and raised their families.
Oakwood will remain affordable for 30 years pursuant to the Extended Use Regulatory Agreement with the Virginia Housing Development Authority, and thereafter, pursuant to the Ground Lease, will remain affordable for an additional 45 years (for an aggregate total of 75 years).