Michelle Winters, AHS Executive Director, explains the acronyms commonly used when talking about affordable housing in Arlington.
In December 2017, the Arlington County Board approved Phase 1 of a proposal for a Housing Conservation District (HCD) that will provide protections and incentives to preserve or replace affordable apartments in market rate affordable buildings. Phase 2 of the plan, which includes developing a set of incentives to help property owners renovate or redevelop their properties in exchange for affordability protections, will be developed throughout 2018.
Market Rate Affordable Housing (MARKs) are an important part of the affordable housing stock in Arlington that serves low- to moderate-income households.
MARKs are units that are affordable to moderate or low-income families due to amenities, condition, age, and/or location of the units. The rents are not regulated by any agency allowing for diversity of incomes in buildings or neighborhoods.
This chart, taken from the county's first annual report on the Affordable Housing Master Plan shows how drastically we are losing MARKs (blue line).
Westover is a vibrant and diverse community in North Arlington that is centered on the Westover Village shopping district, home to many beloved independent retailers and restaurants. However, in the past two years, 62 apartments in seven buildings in the Westover area have been demolished for by-right townhouse development. AHS is actively involved in helping develop and implement affordable housing strategies and solutions in Arlington County and preservation of apartments in the Westover area of North Arlington.