Photo Credit: Dan Brown
According to the 2021 Low Income Housing Tax Credit (LIHTC) Program Final Rankings published by Virginia Housing, Quarry Station Senior Apartments, an existing Wesley-owned affordable senior housing development in Manassas, VA, is poised to receive an award of 9% LIHTC financing.
As part of the Affordable and Special Needs Housing program, the community has also been awarded $700,000 from the Virginia Housing Trust Fund (VHTF).
The community is currently home to 83 seniors, more than half of which are above the age of 66 years old, and Black, Indigenous, and/or People of Color (BIPOC). The average annual income of residents is $25,392, in an area with a Median Family Income (MFI) over $90,300 for a household of one. Quarry Station provides Manassas County seniors with an opportunity to remain in and not be priced out of the county where they have lived, worked and raised their families.
These awards will enable Wesley Housing to pursue the renovation of the site including improvements to the safety, comfort, and wellbeing of the residents, adding a one-bedroom unit, and deepening affordability levels of the existing units. Renovation work is currently projected to start in early 2022 and be completed in fall 2023.