For Immediate Release
Tuesday, March 20, 2007
Contact: Diana Sun 703-228-3247 (voice) 703-228-4611(TTY)
The Arlington County Board late Tuesday night endorsed a sweeping plan on 17 acres in the historic Buckingham community to preserve a historic community, to ensure diverse new housing development, and to create 300 committed affordable housing units. The County collaborated with a private developer and the Buckingham community to preserve the existing community and to enable new development.
“This is a highly complex project that has required extensive work on the part of many people in the community, the good faith of the owner of the property, and the coordination of the County,” commented Paul Ferguson, chairman of the Arlington County Board. “This project epitomizes Arlington’s commitment to affordable housing and shows what can be achieved when the whole community comes together.”
The County Board endorsed the overall Buckingham Villages plan, which will:
By its approval, the County Board is committing the County to the Buckingham Village preservation and redevelopment package in its entirety. To bring the plan into reality, the County Board will authorize staff to proceed on a number of detailed and highly technical actions. Given the scope of the overall package, it will be several years before all elements of the plan are fully implemented.
The approved plan follows the County’s Memorandum of Understanding approved in July 2006 between the County and the owner, 4319 North Pershing Drive Apartment Investors LLC. Under the agreement, both agreed to work with the community to address the following objectives:
In November, 2004, Arlington County participated in a $100 million financing package to help AHC, Inc. completely renovate the Gates of Ballston to preserve affordable housing. The Gates of Ballston was part of the original Buckingham Villages.
Project at a Glance
NorthPershing Drive Apartments Investors LLC, Hartford, Connecticut
Paradigm Development Company, Arlington, Virginia
Arlington, Va., is a world-class residential, business and tourist location that was originally part of the "10 miles square" parcel of land surveyed in 1791 to be the Nation's Capital. It is the geographically smallest self-governing county in the United States, occupying slightly less than 26 square miles. Arlington maintains a rich variety of stable neighborhoods, quality schools and enlightened land use, and received the Environmental Protection Agency's highest award for "Smart Growth" in 2002. Home to some of the most influential organizations in the world - including the Pentagon - Arlington stands out as one of America's preeminent places to live, visit and do business.