The Fairfax County Redevelopment and Housing Authority (FCRHA) has approved the financing plan to support the rehabilitation of 120 units of existing senior housing and construct 60 new units at the Glens at Little River campus* in the Braddock District. The new and renovated units will serve older adults, ages 62 and over, earning no more than 60 percent of Area Median Income (AMI).
* In addition to the 120 original units, the campus also includes Olley Glen, a 90-unit senior independent living building, and Braddock Glen, which includes 60 beds of affordable licensed assisted living.
The financing plan includes funding from a variety of sources including $7 million as a loan from FCHRA Moving-to-Work funding reserves, $1.5 million from the FCRHA Operating Fund, and $1.4 million in a loan from the county’s Affordable Housing Development and Investment Fund. The FCRHA is also seeking to use its bond-issuing authority to support the advancement of the project.
Multiple sources of funding are quickly becoming a hallmark of our work to ensure the preservation and development of affordable housing.
“Historically, the competing requirements tied to various funding sources have made it difficult to apply multiple resources to a project,” said FCRHA Chairman Melissa McKenna. “We’re proud of the fact that, over the last several years, we have led the way in rewriting the affordable housing playbook when it comes to the strategic investment of public resources to make it possible for projects like these to come alive.”
Constructed beginning in 1990, the Glens at Little River campus includes 120 original units (owned by the FCRHA) and a senior center. The project will include the preservation and upgrade of the existing community, to include:
Upgraded kitchen appliances
New toilets and bathtubs
New light fixtures
New HVAC systems
Updates to the senior center
Added covered walkways, pond, open recreation area, and paved trails
Additionally, the project will complete the vision for the development of the Glens at Little River campus by developing two additional 30-unit buildings on 2.9 acres of FCRHA-owned property (currently vacant) adjacent to the current community. All units will be designed to meet EarthCraft standards with an open space layout and the latest appliances and interior amenities.