ARLINGTON, VA – AHC Inc., a leading developer of affordable housing in Maryland and Virginia, broke ground on its $39 million redevelopment project of Arlington View Terrace East, an affordable housing community located on the eastern end of Columbia Pike. The current community includes 77 apartments spread out among seven two- and three-tale buildings. The Arlington View Terrace East redevelopment is demolishing the largest of the structures, which currently includes 30 homes, and replacing it with a new Energy Star Certified & EarthCraft Certified Gold structure with 77 apartments. With construction beginning later this month, the redevelopment will boost the number of affordable apartments to 124 at Arlington View Terrace and make several new amenities and features for residents.
The groundbreaking ceremony was attended by local dignitaries, including Virginia State Delegate Alfonso Lopez and Arlington County Board members Matt de Ferranti and Katie Cristol.
“I m delighted to be here today for the groundbreaking of much-needed affordable homes along Columbia Pike in Arlington, said Virginia State Delegate Alfonso Lopez. I believe investing in affordable housing is essential to the economic vitality of not only Arlington, but also to the entire Commonwealth. In today s competitive economic climate, it takes a lot of resources to get an affordable housing project off the ground. I am proud this project is being funded through Virginia s Affordable Housing Trust Fund – which I made in 2013 – along with support from other local and national partners.”
Preserving and expanding access to safe, habitable affordable housing is a priority in our community, said Arlington County Chair Matt De Ferranti. Along with making life-changing opportunities for dozens of local families, it s also fantastic to see that Arlington View Terrace East has been designed to contribute to a more equitable and sustainable future by including access to free WiFi and green design elements like solar panels.
Ricky Clark, a service manager at AHC for nearly 20 years who grew up at AVT, also participated in the event.
This will always be home for me, Clark said. A lot of these residents have lived here a long time. People delight in both the sense of community and the convenience of being right off Columbia Pike.
The new building will feature sustainable design elements, including a projected 190-panel solar system, AHC s second solar project in Arlington. The solar project is expected to generate 84,000 kwh a year, enough to power nearly 8 single-family houses a year. Arlington View Terrace East is also AHC s First Energy Star Certified Building and includes an extensive green roof to support stormwater management. The community qualified for Gold-level certification with EarthCraft Multifamily (ECMF), the nation s first multifamily-specific green building program.
Residents will also delight in a new community room, fitness room, courtyard, leasing office, and parking garage. The apartments will feature attractive plank flooring, larger and more numerous windows, new appliances, and free WiFi for each apartment.
We re excited to break ground on redeveloping Arlington View Terrace East to bring more quality affordable apartments to Arlington, said John Welsh, VP of Multifamily Development at AHC Inc. Primely located in the heart of Arlington, central to jobs and the vibrant streetscape of Columbia Pike, this is a much-needed community that will provide dozens of local, hardworking families with an opportunity to build brighter futures.
Expected to be completed by early 2023, AVT s 77 new affordable apartments will house families earning between 30% and 60% of the Area Median Income (AMI) and will offer 15 three-bedroom apartments. Further, eight homes have been set aside for Arlington County s Permanent Supportive Housing (PSH) program, which provides the opportunity for residents with disabilities to maintain their housing and pay no more than 30% of their income towards rent. There will also be eight fully ADA accessible units, and the new building will meet Universal Design standards.
This project was made possible by AHC Inc. s local and national partners. Arlington View Terrace East won an allocation of $2.03 million in competitive tax credits from Virginia Housing (VHDA), which will generate $19.5 million in tax credit equity. The Arlington County Board allocated up to $8.23 million in loan and grant funding, and the project was also selected for a $900,000 loan from the Virginia Housing Trust Fund.
Other funding partners include Virginia Housing (VHDA), Capital One, Virginia Department of Housing and Community Development (VDHCD), Hudson Housing, and NeighborWorks America. AHC Inc. also collaborated with Cunningham and Quill Architects, who designed the renovation, Harkins Builders, who will do the construction, Walter L Phillips, AVT s civil engineer and Klein Hornig, LLC, financing council.

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PORTLAND, OR – Mill Creek Residential, a leading developer and operator specializing in premier rental communities across the U.S., announced the groundbreaking of Modera Morrison, a contemporary mixed-use community near Downtown Portland.
Situated at 1120 SE Morrison Street, Modera Morrison will add 247 apartment homes and nearly 11,000 square feet of ground-level retail space to Portland’s rapidly growing Central Eastside. The seven-tale, podium-style structure will be LEED Silver certified, with first go-ins anticipated for 2023. The community is located between SE Belmont Street and SE Morrison Street, two of the main thoroughfares heading into downtown, which is 1.5 miles away.
“The Central Eastside and surrounding neighborhoods are among the most sought-after places to live in Portland,” said Sam Rodriguez, senior managing director of development in Portland for Mill Creek Residential. “We’re thrilled with the potential this area has to offer and are extremely excited about the tremendous growth the city is experiencing as we get started on Modera Morrison.”
Modera Morrison’s location offers immediate proximity to a multitude of local amenities and attractions. With a Walk Score of 96 and a Bike score of 97, Modera Morrison complements the unique lifestyle district emerging in the Central Eastside. The community sits within walking distance to the Moda Center, home of the Portland Trailblazers; the OregonConvention Center; and Revolution Hall, a renowned concert venue with an expansive public dog park that sits just across the street.
The surrounding pedestrian-friendly retail corridors house numerous shops, restaurants, entertainment establishments and breweries, including the well loved Modern Times and Rogue breweries. With Colonel Summers Park, Laurelhurst Park and the Eastbank Esplanade nearby, residents will have convenient access to open fields, picnic areas, bike paths, outdoor sport courts, playgrounds and a community garden.
The Central Eastside location places Modera Morrison within close proximity of Portland’s top employment centers. Just across the Morrison Bridge, downtown Portland boasts over 110,000 employees and 22 million square feet of office space. Other major employment centers in the area include the Lloyd District, the Pearl District and Oregon Health & Science University, putting more than 140,000 jobs within a quick commute.
Community amenities include a co-working space and coffee bar in the resident lobby for the ever-increasing work-from-home resident, virtual reality gaming lounge, theatre room, outdoor rooftop deck with panoramic views, rooftop bistro and lounge, yoga and Pilates studio and a club-quality fitness studio featuring individual TVs. Residents at the pet-friendly community will also have access to an onsite pet spa, private garage with controlled-access parking, dedicated bike storage and an Amazon package HUB with overflow room.
The community will offer studio, one-, two- and three- bedroom apartment homes with private balconies and den layouts available. Apartment interiors feature nine-foot ceilings, stainless steel Energy Star appliances, quartz countertops, tile backsplashes, full-size in-home washers and dryers, smart entry locks and heating and air conditioning with a programmable thermostat. Select homes will offer desk nooks.
Modera Morrison is the 10th development for Mill Creek Residential in the Portland area, joining, among others, Modera Belmont, Modera Buckman and Modera Akoya.

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BREMERTON, WA – New Standard Equities (NSE), a Los Angeles-based, full-service multifamily investment and management company, takes on two neighboring assets, Cedar Glen and Maple Manor, rebranding them as “Indigo Apartment Homes” in Bremerton, WA. With plotted capital expenditures of roughly $3.3 million, the firm expects to fully reposition the property to compete alongside its other holdings in the area.
“NSE is proud to announce the closing of Indigo Apartment Homes. Despite the challenges faced over the past year, NSE’s acquisition team was able to secure this asset at a favorable basis relative to other recent trades in the area,” said Timothy Walters, NSE’s Chief Investment Officer. Walters further added, “This was truly a collaborative effort across the organization as we were able to leverage the deep knowledge of our experienced team in Kitsap County to identify significant potential at this community while other investors were still sticking close to home.”
NSE plans on driving revenue growth through professional, technology-driven management practices and by using its local contractors and designers to do interior and exterior renovations to match residents’ demand for superior product. NSE’s “Just Right” Living™ lifestyle brand, which it deploys throughout its portfolio, aligns investor returns with their residents’ choice of higher quality living. Connor Tien, NSE’s Vice President of Acquisitions, says, “Acquiring these two deals, which we started chasing in June of 2020, from a local owner was a bit of a ‘no-brainer’ since we’ve owned and operated in Kitsap County for six years. Given our boots-on-the-ground presence with our management team, we felt we had near-perfect information on market conditions, rents, other operating income, and operating expenses.” NSE raised $8,000,000 in equity from private investors seeking to capitalize on its market knowledge and matched this with $16,975,000 of floating rate debt.

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