Attainable Housing Projects Open in Virginia, Connecticut and Georgia

Three openings show where attainable housing is still moving

Apartment construction may be slowing, but projects are still reaching completion. The three openings here span Virginia, Connecticut and Georgia, with different approaches to affordability, financing and neighborhood development. The distinction matters: “attainable” can mean a fully income-restricted building, a mix of income levels, or workforce housing aimed at a growing suburban market.

Sterling: 80 apartments, all income-restricted

Green Street Housing and Good Housing opened Atlantic Boulevard Apartments in Sterling, Virginia, on Wednesday, according to an Oct. 28 press release. The 80 one-, two- and three-bedroom homes are for households earning up to 60% of area median income (AMI). At $31.4 million, the development has no market-rate apartments or retail, and the release says it wasn’t required by inclusionary zoning. The developers describe it as Loudoun County’s first entirely attainable new development in decades. The project’s delivery process is part of the story. Atlantic Boulevard went from rezoning to completion in less than three years through the Loudoun County Board of Supervisors’ expedited review process. The county’s [Fast-Track Commercial Incentive Program](https://loudounpossible.com/news/loudouns-fast-track-process-to-save-businesses-time-money) is designed for commercial projects, but the board chose to pilot it here because of the project’s “unique commitment to attainable housing.” The funding combined Low Income Housing Tax Credits, tax-exempt bonds from Virginia Housing, an equity investment from Cinnaire and a county Attainable Housing Loan Program loan. Residents have access to covered bike storage, a community room, an exercise room, a tot lot, an outdoor play area and resident services programming. The project’s opening was [announced by the developers](https://www.prnewswire.com/news-releases/ribbon-cutting-held-for-atlantic-blvd-apartments-302921734.html).

Naugatuck: a mixed-income project with a larger plan

Platform at Naugatuck is the first phase of a three-part redevelopment planned for a vacant seven-acre site. Pennrose, The Cloud Co. and the Borough of Naugatuck held its ribbon-cutting on Tuesday, according to a press release shared with Multifamily Dive. Across three buildings, the completed plan is expected to bring 180 apartments to a [transit-oriented community](https://www.multifamilydive.com/news/tod-trends-renters-apartment-owners/821934/), alongside public green space, a market plaza, a central lawn and gardens. The first building adds 60 apartments and about 3,000 square feet of ground-floor commercial space to downtown. Its one- and two-bedroom homes serve households at 30%, 50% and 80% of AMI, with market-rate units also included. Amenities include indoor and outdoor spaces, a lounge, fitness center and roof deck. Financing came through the Low Income Housing Tax Credit program, construction loans from M&T Bank and Ion Bank, and a permanent loan from the state Housing Finance Agency. Connecticut provided additional support through state programs, while the Federal Home Loan Banks of Boston and New York also contributed.

Georgia: workforce housing in a growing market

Hillpointe opened Pointe Grand Cassville, a 312-unit, garden-style workforce housing development in White, in the Atlanta metro area. The Oct. 26 announcement makes it the Florida-based developer’s third attainable Georgia opening this year. Hillpointe says it is targeting workforce housing in growing markets across the Southeast and beyond. “Northwest Georgia is growing, and attainable housing must keep pace,” managing partner and co-founder Steven Campisi said in the release. He said the apartments add new homes to Atlanta’s suburban and exurban markets, where growth is driving demand. That’s a clear case for the project, though the announcement doesn’t quantify local demand or explain how rents compare with area incomes. The two-bedroom, two-bathroom apartments include full-size washers and dryers, smart home technology, covered decks or patios, quartz countertops and stainless steel appliances. Shared amenities range from a resort-style pool with private cabanas and pickleball courts to a 24-hour fitness center, clubhouse with a coffee and tea bar, business center, grilling pavilion, fire pit, bark park, pet spa, valet trash, Wi-Fi and EV charging.

For readers tracking apartment supply, the openings are a reminder that a slowdown in deliveries doesn’t mean construction has stopped. The projects also show how varied the category is: Atlantic Boulevard is entirely income-restricted, Naugatuck combines income tiers with market-rate homes, and Pointe Grand Cassville is positioned as workforce housing. Sign up to receive multifamily and apartment news in your inbox every weekday.