Waxpool Apartments
Update
03/14/24
Green Street Housing and Good Works Host Ribbon Cutting at Loudoun County Attainable Apartment Community
Maryland-based Green Street Housing and Loudoun-based Good Works will host a ribbon cutting ceremony for Waxpool Apartments in Ashburn, Virginia on Friday, March 15, 2024.
Waxpool Apartments is a new residential development that will provide state of the art apartments for rent that hourly-wage workers, teachers, and first responders can afford. The property is financed through: a Virginia Housing Low-Income Housing Tax Credit (LIHTC) investment from The Richman Group Affordable Housing Corporation and Discover Bank; Tax-Exempt bond financing from Virginia Housing; a loan from the Loudoun County Housing Trust Fund; loans from Virginia DHCD's Affordable and Special Needs Housing (ASNH) and Housing Innovations in Energy Efficiency (HIEE) programs; and a grant from the Northern Virginia Regional Commission (NVRC).
Waxpool Apartments is the first building in Loudoun County to be certified by four independent green building programs: 1) National Green Building Standard (Silver); 2) Energy Star Multifamily New Construction; 3) ZERO Energy Ready Home; and 4) Indoor Air Plus. The building's rooftop hosts an impressive 85,000 annual KWH solar array that will produce enough energy over the next 20 years to equal the carbon-offset impact of planting 20,000 trees.
The co-developers, Green Street Housing and Good Works, are proud of Waxpool's promise to provide attainable housing to its residents and serve as a long-term community asset to Loudoun and the surrounding area.
"Waxpool Apartments is a great project. We are excited to join Kim Hart of Good Works to do our first rental community in Loudoun", said Dave Layfield, Principal of Green Street Housing. "With our combined strengths, there will be many more to come."
