One option for addressing the challenges of affordable housing development is partnering with the Fairfax County Redevelopment and Housing Authority (FCRHA) and accessing FCRHA revenue bonds to augment project finances. FCRHA revenue bonds have been successfully used in a number of recent affordable housing endeavors, including the development of The Residences at Government Center, and the renovation of Murraygate Apartments. The revenue bonds are issued through the FCRHA, with debt service coming from revenues produced by the project. For more information on FCRHA revenue bonds, and how to apply for them, click here.
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