 Housing Summit Friday June 29th more... Arlington County Workforce Housing Initiative is a public/private partnership created to promote homeownership for persons employed within Arlington County. The Workforce Housing Initiative provides special mortgage products and resources , homeownership education, and financial literacy training , and discounts on selected properties from participating residential developers. Currently, there are seven employers participating, with a combined workforce of over 11,000, representing over 6% of the total Arlington Workforce.
Resource available through the Workforce Housing Initiative:
Note: You may also qualify for additional homeownership assistance through other County programs.
Developer: AHC, Inc. Five 2-bedroom condominium homes, with pricing at $340,000 ($15,000 discount from market price of $355,000) Open to eligible first-time and repeat Workforce Housing homebuyers Arlington Oaks Condominiums — Three 1 bedroom condos in the Arlington Oaks Condominium are now available to qualified buyers through the Arlington County Employer Assisted Housing initiative. Arlington Oaks is a 370 unit community near George Mason Drive , Glebe Road and Pershing Drive in North Arlington. Price: $210,000 For more info on Arlington Oaks see www.arlingtonoaks.com or contact Rick Holiday, at AHC, Inc., 703-486-0626, extension 132. Previous Workforce Home Purchase Opportunities Spring 2005—Dominion Terrace—58 unit garden style condominium conversion in North Arlington Developer: IDI Group Companies 40 first-time homebuyer Workforce Housing employees purchased one and two bedroom condominium homes, with pricing from $160,000 to $220,000. New homeowners at Dominion Terrace includes County employees, school teachers, first responders, hospital and university employees. Spring 2006—Arlington Oaks—two one-bedroom garden style condominiums—Developer: AHC, Inc. sold to eligible Workforce Housing employees, with pricing at $200,000 Contact Us: Doug Myrick, Homeownership Program Coordinator, 703-228-3786 or by email: Doug Myrick or Arlington County, Housing Information Center, 703-228-3765. *Prepaid cards are point based with one point equaling $1 in purchasing power. Terms apply to card use. | |
Workforce Housing Initiative employers:
$500 closing cost reduction or $500 on an American Express ® branded prepaid gift card - $500 value * for mortgage loans obtained with participating Mortgage Lender, plus an additional $200 American Express ® branded prepaid gift card - $200 value * if you use the partnering title company for settlement.
Through Freddie Mac's Workforce Home Benefit, Freddie Mac's employer-assisted housing program, employees will have access to a variety of home buying resources, including flexible mortgages, down payment assistance from various programs, home buyer education and credit counseling.
Current Workforce Home Purchase Opportunities