Regional partners including the Arlington Partnership for Affordable Housing, Rep. Gerry Connolly, along with Fairfax County officials, broke ground on what will be the first 100 percent affordable housing project in Tysons, and one of the biggest in Virginia. With Clark Construction, which has a regional office in Tysons, as the lead contractor on the project, the 516-unit building is funded in part with $56 million provided by Amazon’s $2 billion Housing Equity Fund, as well as $89 million from the Virginia Department of Housing and Community Development and $227 million in financing from Bank of America. The Virginia Housing Trust Fund is also contributing to the funding.
The Exchange at Spring Hill Station, at 1592 Spring Hill Road in Tysons, will include 516 one-, two- and three-bedroom apartments and a 20,000-square-foot county-run community center, with an indoor basketball court, fitness center and programming operated Fairfax County Neighborhood and Community Services. The apartments will be available to residents earning between 30 percent and 70 percent of the area median income in Tysons. The Exchange is near Metro’s Spring Hill Station. The Exchange is expected to be completed in approximately four years.
“Despite its economic muscle, Tysons has remained out of reach for many who work here to also live here. That is why the groundbreaking of The Exchange at Spring Hill Metro is so important,” said Chairman of the Fairfax County Board of Supervisors Jeffrey C. McKay. “We are providing homes for those who fuel the local economy. In order to remain the economic hub of Fairfax County, Tysons’ workers need to have the opportunity to live near where they work.”
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