Much of the housing is reserved to accommodate renters that fall beneath the area's median income. About 129 of the 172 units have income limits and the remaining 43 units are to be leased at market rent levels. To support the project, Freddie Mac and Boston Capital placed a substantial tax credit equity investment in the property, and the Affordable Housing Investment Fund of Arlington County provided Silverwood with a low-interest loan.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.