AHC Breaks Ground on Triangle Senior Apartments

May 14, 2003 -- AHC Inc., a NeighborWorks organization based in Arlington, Virginia, began construction in late April on an independent living complex for low-income seniors at 18301 Old Triangle Road in Triangle, Virginia. The development consists of 58 one and two-bedroom rental apartments for residents 55 years and older.

Fifty-two apartments will be affordable to seniors with incomes up to 50 percent of the area median income; six units will be affordable to very low-income seniors at 30 percent of the area median.

The apartments feature spacious living and dining areas with full kitchens and baths. All will be handicapped accessible or adaptable. The building’s exterior will be constructed of brick and vinyl siding complimented by attractively landscaped grounds. The complex includes a community room, library, exercise room and sitting areas. Additional features include an emergency call system and secured access entry.

Funding for the project comes from a variety of sources: a Community Development Block Grant from Prince William County; a permanent mortgage loan from the Virginia Housing Development Authority (VHDA); and Low Income Housing Tax Credits, also from VHDA.

The project is a joint venture between AHC and Regency Development. AHC is a private, nonprofit developer and manager of affordable housing in Arlington. After 25 years of local success, it expanded its scope to other parts of Virginia where the lack of affordable housing is a pressing problem. AHC’s mission is to re-grow and preserve the stock of quality affordable housing throughout Northern Virginia and the Washington metropolitan area. Regency, headquartered in Raleigh, NC is one of the largest developers of affordable housing in the Southeast.

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