Goodwill Arlington Redevelopment Update 07/03/24

VA Housing Board Approves LIHTC for Goodwill Arlington Redevelopment

The Virginia Housing Board has approved the award of highly competitive 9% Low-Income Housing Tax Credits (LIHTC) to Affordable Homes & Communities' upcoming apartment community in partnership with Goodwill of Greater Washington. The $1,950,000 annual tax credits will allow approximately $17.5 million in LIHTC equity to be invested in the project to fund the new construction of 63 apartment homes. These homes are part of a larger development that includes 128 total apartments, a childcare center, and a brand-new Goodwill retail and donation center.

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