the NHP Foundation Preserves
Affordable Housing in VIRGINIA
in an Intimate Setting
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, concurrent with several other identical buildings in the neighborhood, the building was rehabilitated and remodeled in 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, 520-square-foot, one-bedroom apartments. 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 Virginia Community Development Corporation (FCHC) manages the property for the purpose of maintaining 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 the assistance of the Virginia Housing Development Authority, through the underwriting of commercial loans. In 2011, the NHP Foundation acquired FCHC and Virginia Village, under its new Affiliates 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 properties, please visit http://nhpfoundation.org/properties.php.