Standard Communities is developing 240 apartments on Route 1 in Woodbridge. The development aims to remake Jefferson Square, the dilapidated shopping center next to Marumsco Plaza.
The development will be considered low-income housing. Residents must spend no more than 60% of what they earn annually on housing to live there.
Read more in a Standard Communities press release:
The Prince William County project, Jefferson Plaza Apartments, is capitalized at approximately $67.5 million. Nationally, Standard currently has more than 2,000 units in its new construction pipeline. Funding for Jefferson Plaza Apartments was secured through Virginia Housing as the issuer of
tax-exempt bonds, and Freddie Mac provided Low Income Housing Tax Credits through Hudson Housing Capital.Jefferson Plaza Apartments, at 1305 Jefferson Plaza, will comprise seven 3-story buildings with 147 one-bedroom and 93 two-bedroom units. The community, being built on a 7.6 acre site of a former shopping center, is a transit-oriented development in the Route 1 Corridor within walking distance of the Woodbridge Virginia Railway Express station and close to I-95, with nearby shopping, restaurants and more.
The property will be income-restricted to 60% of the Area Medium Income, making the units affordable to middle-income families and essential workers.
Jefferson Plaza will feature 354 parking spaces for residents, a 3,000 square foot club room, co- working space, a fitness center, bike storage, a playground and recreational area, greenspace and
a dog park. Residents will have direct access to an adjacent park to be built out as part of the project.“We are proud to provide financing and vital housing tax credits that will help make the construction of 240 new apartment homes a reality,” said Janet Wiglesworth, Interim CEO of
Virginia Housing.Based in New York and Los Angeles, Standard has a national portfolio of almost 20,000 apartment units and has completed more than $4.7 billion of affordable housing acquisitions, rehabilitation and development nationwide.
The 14th annual Northern Virginia Housing Expo will be held on Saturday, March 23. The Expo is free and open to the public and will run between 10 a.m. to 3 p.m. at Charles J. Colgan High School, 13833 Dumfries Road, Manassas.
More information can be found in a Prince William County press release:
Visitors to the Housing Expo will have the opportunity to attend workshops that will provide them with valuable information about the housing market, including:
- The ABCs of credit scores
- Household budgeting in expensive times
- Getting ready to rent or buy
- First-time buyer and rental assistance programs
- Housing discrimination – understanding fair housing laws
- Senior housing topics
- Neighborhood housing rehabilitation program
- Reverse mortgages
The Housing Expo will also include dozens of exhibits featuring apartment rentals, government assistance programs, mortgage information and assistance, and home-buying opportunities, as well as lenders who will be on hand to answer questions.
“Lenders will have information on different loan programs available and information on how to qualify for a mortgage loan,” said Prince William County Director of Housing and Community Development, Joan Duckett.
Consultants will also be at the Expo for 30-minute one-on-one sessions to help people find out more about what housing choices are right for them, whether they are looking for a place to rent or getting ready to buy a home.
The Housing Expo is a cooperative effort of Virginia Housing; the counties of Prince William, Fairfax, Arlington, and Loudoun; the cities of Alexandria, Falls Church, and Manassas Park; the Northern Virginia Association of Realtors®; the Metropolitan Washington Council of Governments; and the U.S. Department of Housing and Urban Development.
DeShundra Jefferson, chair of the Prince William County Board of Supervisors, answered resident and media questions about housing, data centers, and the future of the county at the Wednesday, Feb. 28, 2024, town hall event.
Hosted by InsideNoVa, Jefferson took questions from members of the media and residents during the nearly hourlong virtual town hall event. Jefferson was sworn in as chair in January.
