The new vPoint Apartment complex was completed in December 2011 and includes 116 units with 70 affordable and 46 market-rate units, located within half a block of the Clarendon Metro Station.
The new vPoint Apartments are part of the Arlington County’s vision to be a diverse, inclusive and sustainable urban community. The project demonstrates innovative approaches to providing affordable housing in a core urban area on several levels – incorporating innovative partnership, energy efficient and sustainable design, mixed income and mixed uses, proximity to transit, and strategies to serve a diverse tenant community. The project also is an example of repositioning of an aging underutilized church building into a vibrant mixed-use community asset.
Residents benefit from environmentally-conscious features and products including bike storage, carpool drop-off areas, ENERGY STAR appliances, dual-flush toilets, low VBOC paints, Green Label Plus carpet and recycling center on each floor. vPoint is expected to achieve a LEED Silver certification.
vPoint Apartments is an example of the success of the Section 1602 tax credit exchange program. Due to a difficult tax credit market in 2009, VHDA exchanged 100% of the project’s tax credit allocation for grant funds to allow it to move forward. As a result, hundreds of jobs were created and 116 units of wonderful, transit-oriented housing now exist!