Developments > Capitol Square Apartments of Arlington
Three historic East Arlington apartment buildings were renovated to create 32 units of affordable housing. For this project, sponsored by Housing Corporation of Arlington, MHIC closed a $3.2 million equity investment with members Brookline Bank and Cambridge Savings Bank. The equity investment was used to purchase both federal low-income housing tax credits and federal historic tax credits. Capitol Square Apartments is the largest affordable housing project built in Arlington in the last 30 years. It was developed by Housing Corporation of Arlington.
Capitol Square Apartments of Arlington
Project at a Glance:
Location:
Arlington
Development Type:
Rental
MHIC Financing:
$3,193,986 in LIHTC financing
Sponsor:
Housing Corporation of Arlington
Number of Units:
32
Three historic East Arlington apartment buildings were renovated to create 32 units of affordable housing. For this project, sponsored by Housing Corporation of Arlington, MHIC closed a $3.2 million equity investment with members Brookline Bank and Cambridge Savings Bank. The equity investment was used to purchase both federal low-income housing tax credits and federal historic tax credits. Capitol Square Apartments is the largest affordable housing project built in Arlington in the last 30 years. It was developed by Housing Corporation of Arlington.