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From YouTube: Board Wrap-Up: Affordable Housing Loans
Description
A wrap-up of decisions made at Arlington County Government’s October 2021 Board meeting.
A
Now
the
board
also
approved
loans
for
a
variety
of
affordable
housing
projects
throughout
the
county.
We've
talked
about
those
projects
in
length
in
earlier
episodes
of
this
program,
but
what
are
we
seeing
with
most
of
the
affordable
housing
stock
in
this
county
and
what
will
the
loans
approved
at
this
month's
meeting?
How
will
that
assist
those
projects.
B
Well,
this
one
of
the
projects
is
ballston
station,
where
we
put,
we
approved
19
million
in
funding.
This
is
right
next
to
a
metro.
It
is,
as
our
last
few
major
projects
have
been.
Many
of
them
have
been
northern
part
of
the
county,
and
so
this
moves
along
that
project.
We
are
closer
to
breaking
ground
on
that
project
and
it's
a
huge
step
forward.
The
same
is
true:
we
also
put
six
million
into
park
shirlington,
which
we
needed
to
invest
in.
So
this
is
a
sort
of
regular
investment.
B
It's
not
we're
not
quite
at
breaking
ground
with
those
two
two
and
the
third
project,
but
it
is
the
sort
of
part
of
the
the
wheels
moving
forward
expeditiously
so
that
we
can
try
and
address
housing
and
big
picture.
We
need
more
units
because
arlington
continues
to
be
a
great
place
to
live,
so
some
of
our
market
rate,
affordable
units
have
been
replaced,
continue
to
be
replaced,
and
so
we
need
to
invest
in
those
committed,
affordable
units,
and
so
that's
a
piece
of
what
we
need
to
do.