Dominion Square West in Tysons has been redesignated as a revitalization area to make way for an affordable housing project.
The Fairfax County Board of Supervisors approved the designation to help facilitate an application for Low Income Housing Tax Credits.
Hunter Mill District Supervisor Walter Alcorn noted that the term “revitalization area” isn’t related to the county’s economic revitalization efforts in areas like McLean and Lake Anne in Reston.
“This is a very specific term used in the state code, separate from what we’d say revitalization is in our Comprehensive Plan,” he said.
The nonprofit Arlington Partnership for Affordable Housing has a contract with the county to buy the 2-acre site on Spring Hill Road in the Tysons West neighborhood. The land was purchased by the county using $10.97 million from the American Rescue Plan Act and another $10 million from a Fairfax County Redevelopment and Housing Authority reserve fund.
APAH must submit its application for the credit to Virginia Housing before its March 2022 deadline. The property’s new status as a revitalization area was deemed necessary to help meet the criteria for the application process.
According to county documents, the tax credit would be used as a source of funding by APAH to construct a nine-story, 175-unit multifamily building for the first phase of the Dominion Square West development planned near the Spring Hill Metro station.
The units would be affordable to county residents with incomes between 30 to 60% of the area medium income, which is $129,000 for a family of four, according to the U.S. Department of Housing and Urban Development. 60% of that would be $77,500 for a family of four.
Board of Supervisors Chairman Jeff McKay noted that this was the first-ever item taken up by the board to come with a formal equity impact statement explaining how the project will help address the county’s goal of creating an inclusive community.
“Staff will be strategically applying the equity impact statements on items coming to the board, non-land use items,” McKay said.
According to the statement, the first phase of Dominion Square West “will provide equitable access to reasonably priced housing” in the increasingly urban economic hub of Tysons.
Since 2010, over 44,000 new units have been approved for development in Tysons. As of August 2021, a total of 752 of the 4,081 residential units delivered serve low to moderate-income households though the county’s affordable and workforce dwelling unit programs.
The county hopes to increase the supply of affordable housing by adding at least 5,000 homes by 2034.
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