WINDY HILL FOUNDATION WINS FUNDING FOR WORKFORCE HOUSING AT KINCORA

June 21 Alex Flobeck

Kincora is pleased to announce that Windy Hill Foundation has been awarded funding by the Virginia Housing Development Authority (VHDA) to build 96 units of affordable workforce housing at Kincora in partnership with the Flatiron Partners. The award is expected to exceed $15M in funding to the housing known as Heronview Apartments.

“Windy Hill is pleased and excited to have been awarded the funding from VHDA to offer apartments at this scale,” said Kim Hart, Executive Director of Windy Hill Foundation. “I commend Kincora for their commitment to partnering with us to bring much needed workforce housing to Loudoun County.”

Located at Kincora Drive and Rookery Row Drive, Heronview Apartments will be a 4-story, 120,000SF apartment building offering 1-, 2- and 3-bedroom urban-style apartments and townhome units affordable to households with incomes at 50% of Area Median Income (AMI) or less. Using today’s AMI, rents would range from $915 – $1,135 per month, bringing high-quality affordable housing close to the employment centers of Loudoun County. In addition, Heronview will offer 10 fully-handicapped accessible units that will rent to households at 40% AMI or less. Construction is scheduled to begin in the spring of 2017 with occupancy in the spring or summer of 2018. These will be among the first residential units to open at Kincora.

“Heronview represents the first stage of Kincora’s unprecedented commitment to affordable and workforce housing in allocating 16.25% of its approved multifamily units to further Loudoun County’s affordability goals,” said Michael Scott, co-developer of Kincora. “Windy Hill Foundation and the Flatiron Partners are renowned for delivering high-quality affordable workforce housing and we are thrilled they are a part of Kincora.”

Since day one, Kincora has been committed to building substantial infrastructure and high-quality housing that brings Loudoun County together in a welcoming and diverse community. Heron view Apartments represents the first of what will ultimately consist of 228 affordable workforce units at Kincora.

“I congratulate the Windy Hill Foundation, Kincora and the Loudoun County Board of Supervisors for working together to bring much needed affordable workforce housing to Loudoun County,” said Tony Howard, President, Loudoun County Chamber of Commerce. “This will allow more employees to live closer to their jobs.”