(RECAP: Union on Queen, a $77.2 million, mixed-income multifamily community has opened in Arlington under a concept that helps Arlington County meet goals for affordable housing. Developed by the Bozzuto Group and nonprofit developer Wesley Housing Development Corp., the community at 1515 N. Queen St. in downtown Arlington has 193 apartments of which 78 (40 percent) are designated as affordable housing. These units are open to households earning 50 to 60 percent of the area’s median income of $106,484. The project offers both market-rate apartments and affordable-rate apartments. Under affordable rates, for instance, a bedroom with 714 square feet that would go for $1,018 would be more than $2,000 at the market rate. According to the developers, the thought behind mixed-income communities with affordable housing is that teachers, police officers and firefighters, as well as low-income renters or retired people living on Social Security, can live in the neighborhoods where they work. Support came from Arlington County, VHDA and financial partners Capital One Financial Corp., Hudson Housing, Walker & Dunlop and Freddie Mac.)
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