From the Fairfax County Times:
The Fairfax County Board of Supervisors has approved a little more than $33 million in financing support for the development of 175 affordable homes – to be known as Dominion Square West. The development is the first step of a two-phase plan to bring affordable housing and needed community amenities to the Tysons area.
Coupled with an additional $10 million from the Fairfax County Redevelopment and Housing Authority (FCRHA), this funding sets the stage for a unique public-private partnership that will offer an extraordinary opportunity for housing affordable to low- and moderate-income households in one of the county’s largest activity centers. The project also marks the first development to utilize affordable housing proffer contributions from commercial developers in Tysons.
“The 175-Unit Dominion Square West building will be a significant and positive step forward in providing affordable housing for working families close to Metrorail. This important project will provide much-needed housing for families and individuals working in Tysons and at locations all along the Silver Line, and beyond,” said Hunter Mill District Supervisor Walter Alcorn. “When the Board of Supervisors adopted the updated Comprehensive Plan for Tysons in 2010 it included a call for developers of commercial properties to make a contribution to affordable housing in Tysons at $3 per square foot. This is the first such affordable housing proposal to use these proffered funds and I look forward to the life-changing impact these new homes will have on working families succeeding and thriving.”
Read the Fairfax County TImes' article "Fairfax County approves funding to support development of 175 affordable homes at Dominion Square," featuring the Fairfax County Redevelopment & Housing Authority.