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Perry Hall Build Update

Perry Hall Condominiums UpdatePave the Way to Perry Hall

Anticipated Completion: early 2012
Dedication Celebration: Spring 2012

Five families have been selected as traditional Habitat partner families to move into Perry Hall.  These families earn between 25% and 50% of the area median income and investing hours of their sweat equity every Wednesday and Saturday in the building of their future home.   To date, the Habitat families have completed approximately 300 of their required 500 hours on the Perry construction site.  Meet the Perry Hall families.

During June and July 2011, we had sub-contractors on the Perry Hall construction site, completing activities that volunteers could not perform – including HVAC, plumbing, and sprinklers.  We resumed volunteer team builds at the beginning of September and will continue working two to three days a week on the site, until completion in early 2012.   The site will be closed during the Thanksgiving holiday, as well as between Christmas and New Years.

The remaining seven units at Perry Hall will be sold to moderate-income (or “workforce”) families who will earn between 50% and 80% of the area median income.  These families are typically headed by individuals who work as teachers, fire fighters, bus drivers, and in other service occupations.  Habitat has identified a banking partner to ensure that these families are given mortgages that are set at an affordable rate.

What Is Workforce Housing?

Workforce housing is generally understood to mean affordable housing for households with earned income that is insufficient to secure quality housing in reasonable proximity to the workplace.  Workforce housing is commonly targeted at “essential workers” in a community i.e. police officers, firemen, teachers, nurses, medical personnel, but may be targeted more generally at certain income levels regardless of type of employment, with definitions ranging from 50% to 120% of Area Median Income (AMI).  The U.S. Department of Housing and Urban Development (HUD) defines workforce housing as housing that is affordable to households earning between 80 and 120 percent of AMI.  Arlington County’s AMI is $103,500 for 2010.  Fairfax County’s workforce housing program serves households earning up to 120 percent of the AMI.

Sources:
Fannie Mae, 2010-2011 Area Median Incomes, https://www.efanniemae.com/sf/refmaterials/hudmedinc/ (enter search fields) (last visited July 13, 2011); Fairfax County Dept. of Housing and Community Development “America’s Richest Counties”: Workforce Housing and Affordable Home Ownership Programs March 24, 2008, http://www.e-ffordable.org/documents/Workforce%20Housing_20%20Richest%20Counties.pdf   (last visited July 12, 2011); Low Country Housing Trust, Definitions, http://www.lowcountryhousingtrust.org/affordable-housing/view/definition (last visited July 12, 2011); Nashville Civic Design Center, Case Study: Workforce Housing,   http://www.sitemason.com/files/lOHH5m/NCDC_WorkforceHousingCS.pdf (last visited July 14, 2011).

Why Are We Selling Units At Perry Hall?

With today’s challenging economy, both low and low-to middle income families are suffering.  Because of this Habitat for Humanity of Northern Virginia chose to expand its mission for the Perry Hall project to include not only low income families, but also low-to middle income families.  Additionally, because of the challenging economy and in order to make the Perry Hall project a success, Habitat for Humanity of Northern Virginia looked outside of its own financing to secure 7 of the 12 housing units.

Perry Hall will give both, low and low– middle income families the pride that comes with homeownership, which will change their lives—and the lives of their family’s future generations.

Habitat for Humanity of Northern Virginia could not build safe, affordable, decent housing in our community without the generosity of donors, sponsors, faith partners and our community leaders.  Thank you for your continued support and commitment to our mission to fulfill the dream of homeownership for Northern Virginia families.

It is our sincere hope that you will join us at our Dedication Celebration.  Please continue to watch our website, and your inbox, for further event details after the New Year. 

 

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