June 19, 2023
Community Housing Partners (CHP) joined Pennrose, the Fairfax County Board of Supervisors, the Fairfax County Redevelopment and Housing Authority (FCRHA), and project partners in celebrating the grand opening of Residences at North Hill, an impressive affordable multifamily and senior development in Fairfax County. The June 14 event marked a significant milestone in the ongoing efforts to revitalize the 34-acre site and bring much-needed affordable homes to the community.
Residences at North Hill, a collaborative effort between CHP, Pennrose, and the FCRHA, is a transformative addition to the Richmond Highway Corridor. The new community encompasses 279 high-quality, affordable apartments for families and seniors, complementing the 12-acre public park and 175 for-sale townhomes within the $174 million North Hill redevelopment site. The new apartments will be affordable at 30% to 60% of the area median income (AMI), roughly $29,900 to $59,820 for a one-person household.
Residences at North Hill offers a variety of thoughtfully designed one-, two-, and three-bedroom apartments across five, four-story garden-style buildings. These brand-new apartments feature open floor plans, spacious closets, modern kitchens with dishwasher and electric range, in-unit washer and dryer hookups, individually controlled heating and cooling, ceramic-tiled baths, carpeted bedrooms, and more.
Residents will have access to a host of on-site community amenities, including a community room, fitness center, recreational plaza, playground, landscaped grounds, and on-site management services. Additionally, the development’s strategic location provides convenient access to shopping, dining, entertainment, banks, pharmacies, grocery stores, health services, and public transportation, including a short drive from downtown Alexandria and Washington, D.C.
As co-developers, CHP and Pennrose played crucial roles in bringing this vision to life. CHP is known for its dedication to creating high-quality, affordable communities in the Southeast and the Mid-Atlantic region. (Read more about the recent grand opening at North Hill, and check out an earlier article about the 2020 groundbreaking with project partners.)
“For more than 30 years, we have been working to develop an extraordinary plan for this property that would help us meet a critical community need and serve as a keystone project in the continuing redevelopment of the Richmond Highway Corridor, and today we have achieved just that,” said Mount Vernon District Supervisor Dan Storck, who spoke at the grand opening. “Residences at North Hill reaffirms our vision of One Fairfax through inclusive development that includes housing opportunities for residents all along the income spectrum so that all who want to live in Mount Vernon can do so.”
Other speakers at the June 14 event included Patrick Stewart, Regional Vice President, Pennrose; Jeffrey C. McKay, Chairman, Fairfax County Board of Supervisors; Gerry Hyland, Former Mont Vernon District Supervisor, Fairfax County Board of Supervisors; Elisabeth Lardner, Commissioner – Mount Vernon District, Fairfax County Redevelopment and Housing Authority; David Glassman, Assistant Director of Rental Housing Development, Virginia Housing; Carly Blake, Rental Program Manager, Virginia Department of Housing and Community Development; Claudette Fernandez, General Deputy Assistant Secretary, Community Planning and Development, U.S. Department of Housing and Urban Development; Martin Rizer, Vice President, K. Hovnanian Homes; and Ivy Dench Carter, Senior Vice President, Pennrose.
Financing for the development includes Housing Tax Credits allocated by Virginia Housing; tax-exempt and taxable construction and permanent financing by Virginia Housing; CDBG funding and project-based vouchers from the Fairfax County Redevelopment and Housing Authority; HOME and state and local housing trust funds from the Virginia Department of Housing and Community Development; and construction financing and equity investments from Bank of America and Truist Bank. The project also includes approximately $4.4 million in local financing through the FCRHA. (Read more about CHP and project partners closing on financing for the development.)