the NHP Foundation Preserves
Affordable Housing in VIRGINIA
VIRGINIA VILLAGE is a 4 unit, walk-up apartment building located in Falls Church, Virginia. A recent capital needs study found the building and grounds to be in very good condition and well-maintained. Constructed in 1941, at the same time as several other identical buildings in the neighborhood, the building was rehabilitated and remodeled in 1998-1999. Exterior walls are masonry and brick. Roofs are pitched with asphalt shingles; gutters and downspouts provide drainage. Windows are double-hung, vinyl clad with insulated glass. The property contains four, one-bedroom apartments of about 520 square feet living space each. The building has a common front entrance and entry area, a common staircase to the second floor, and a small second-floor landing.
Virginia Village operates without Federal housing assistance. FCHC manages the property so as to maintain rents at a level affordable to households with incomes at 40 percent of area median income. The purchase and rehabilitation of Virginia Village was financed with VHDA assistance underwriting commercial loans. In 2011, the NHP Foundation acquired Virginia Village and FCHC under its new affiliate program.
NHPF’s diverse income and rent structure provides housing for a range of households from low- to moderate-income. Notwithstanding income levels, the same level of amenities and access to our services is offered to all residents.
VIRGINIA VILLAGE is just one example of how NHPF’s commitment to affordable housing has helped American families. For more information on NHPF’s 23 properties in 11 states and the District of Columbia, please visit:
http://nhpfoundation.org/properties.php.
ABOUT THE NHP FOUNDATION
Founded in 1989, The NHP Foundation strives to provide quality affordable multi-family housing and resident services for low- to moderate-income families. Since 1994, NHPF has acquired and preserved 51 properties, totaling approximately 10,000 units, located in 17 states and the District of Columbia. Today, NHPF’s portfolio includes 23 properties, totaling approximately 4,300 apartment units, in 11 states and the District of Columbia. NHPF also provides service programs to nearly 18,000 community residents.