The Berkeley will increase CAFs along Four Mile Run

Artist rendering of the proposed Berkeley Under the Board-approved (May 2016) site plan for The Berkeley, AHC will replace two existing 4-story buildings (picture below) now comprising 137 units total (110 of them committed affordable) with two 5-story buildings. The new complex will have a total of 257 units, 155 of which will be committed affordable for 60 years---a net increase of 45 committed affordable units on the site.

Read the County news releases detailing the May 2016 site plan approval for the redevelopment and the February 2017 approval of an AHIF loan for phase I of the project.

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June 2017 Update:

According to the newly released Virginia Housing Development Authority's 2017 rankings, The Berkeley has been approved for Low Income Housing Tax Credits.

 

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