From The Fairfax County Times:
The Fairfax County Board of Supervisors, the Fairfax County Redevelopment and Housing Authority (FCRHA), Amazon, APAH and Virginia Housing joined May 3 to announce the commitment of $55 million from the Amazon Housing Equity Fund to support the Dominion Square apartment community slated for development in Tysons.
The Amazon funding paves the way for the simultaneous construction of two buildings on the site, boosting the number of units delivered from 175 to more than 500 with the addition of a community center co-located on the site. These additional units will make Dominion Square the largest fully committed affordable housing development in Tysons.
Fairfax County’s affordable housing goal targets the delivery of homes affordable to households with incomes at 60 percent of Area Median Income (AMI) – approximately $85,000 a year for a family of four – and below. The development of public-private partnerships, such as those with APAH and Amazon, have been instrumental in the county’s recent success in growing the affordable housing development.
“The creation of affordable housing is a communitywide affair, and a critical component to our success has been the development of strong relationships with partners who share our vision to create opportunities for affordable housing in communities across the county,” said Melissa McKenna, chairman of the Fairfax County Redevelopment and Housing Authority. “We are proud and grateful to receive Amazon’s commitment to the Dominion Square development. It is another example of how collaborative partnerships can deliver high-quality, well-connected, long-term affordable housing opportunities.”
Read The Fairfax County Times' article "Amazon commits $55 million to create pathway for more affordable housing in Tysons," featuring the Fairfax County Redevelopment & Housing Authority.