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Thursday, Dec. 18, 2008

Board of Supervisors Approves Strawbridge Square Apartments Preservation Plan

On Monday, Dec. 8, 2008 the Fairfax County Board of Supervisors authorized financing in the amount of $5,040,000 for Strawbridge, LP, an affiliate of Wesley Housing Development Housing Corporation (WHDC) to acquire, rehabilitate and preserve Strawbridge Square Apartments in the Mason District. The funds come from a federal Community Development Block Grant (CDBG) 108 loan.  Strawbridge, LP intends to apply for 9% non-competitive low income housing tax credits from Virginia Housing Development Authority (VHDA) available in 2009. The property will continue to be operated as affordable housing for low and moderate income households.

Strawbridge Square Apartments was built in 1970, and the 128-unit complex consists of townhome and garden style apartments in seven buildings located on 10.66 acres off of Lincoln Avenue in the Lincolnia area of the county.

WHDC's mission is to develop, own, operate and maintain affordable housing and sustain quality communities for low- and moderate income persons with an emphasis to combine affordable housing with supportive services to build strong, stable families and communities. WDHC has developed 20 communities with 1,500 housing units serving more than 15,000 low- and moderate- income residents.  In addition to the financing, construction and management of housing, WHDC offers residents supportive educational and social services.