Loudoun County Steps Up for Affordable Housing: Groundbreaking Held for Atlantic Boulevard Apartments with Strong Local Backing

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Jul 21, 2025, 08:40 ET

STERLING, Va., July 21, 2025 /PRNewswire/ -- Good Housing and Green Street Housing announced today the groundbreaking of Atlantic Blvd Apartments, an 80-unit affordable housing community in Sterling, Virginia. The ceremony, held on July 17, 2025, marked the start of construction on one of the fastest-moving fully affordable housing developments in Northern Virginia in recent memory.

Project partners and public officials-including Kim Hart, John Pellerito, Tom Ayd, Chase Powell, Supervisors Koran Saines and Michael Turner, and representatives from Loudoun DHCD and the construction team-celebrate the groundbreaking of Atlantic Blvd Apartments, a fully affordable community delivered at record speed through deep local collaboration.

Atlantic Blvd Apartments will deliver 80 new affordable homes to Sterling, VA-designed, financed, and approved in just 18 months through deep collaboration between project developers and Loudoun County leaders.

The project progressed from zoning application to construction start in 18 months—made possible through coordination among the development team, local officials, and funding partners. Atlantic Blvd Apartments is the first 100% affordable standalone rental community to break ground in Loudoun County in several years.

"To our knowledge, this marks one of the fastest approvals of its kind in Loudoun County," said Kim Hart, Managing Member of Good Housing, who led the zoning and entitlement work. "We hope the County continues exploring ways to expedite approvals for high-impact attainable housing like this."

"Our high velocity was the result of hard work and teamwork from everyone involved," said Chase Powell, Partner and Director of Development at Green Street Housing. "Delivering high-quality affordable housing in Northern Virginia requires rigor and collaboration."

Located at 21895 Atlantic Blvd, the development sits adjacent to the W&OD Trail and was formerly a VDOT stormwater site. The project features 1-, 2-, and 3-bedroom apartments serving households earning up to 60% of the Area Median Income. Designed for sustainability and resident comfort, the building will be a certified green development and include a community room, exercise facility, playground, pollinator garden, and covered bicycle parking.

The Loudoun County Board of Supervisors supported the project through its pilot "Expedited Review" program, which aims to evaluate whether streamlined approvals can advance local attainable housing goals.

"Hey, look at Atlantic Boulevard. This is your case study. Follow this model here. I want to do more attainable housing," said Supervisor Koran Saines of the Loudoun County Board of Supervisors.

"This was once a leftover stormwater site from VDOT's construction of Atlantic Boulevard," said John Pellerito, Principal at Good Housing. "Many dismissed it as unusable, but we saw an opportunity to deliver first-class housing for working families in a place no one expected."

Total development cost exceeds $27 million. The project is financed through a combination of 4% Low-Income Housing Tax Credits syndicated by Cinnaire, $15.4 million in tax-exempt bonds issued by Virginia Housing, and a $6.3 million soft loan from Loudoun County Department of Housing and Community Development (DHCD).

Apartments will be income-restricted for individuals and families earning up to 60% of AMI. Leasing will begin in fall 2026.

About Good Housing
Good Housing is a Reston-based developer, owner, and operator of affordable and workforce apartment communities across the Greater Washington, D.C. Metro region. With more than 50 years of combined experience, its leadership team focuses on delivering architecturally appealing, sustainably built homes with rents significantly below market rates. Born from Good Works LP and supported by strategic partnerships, Good Housing is committed to helping jurisdictions and homebuilders meet attainable housing goals.

About Green Street Housing
Green Street Housing is a Salisbury, Maryland-based developer focused exclusively on the creation and preservation of high-quality affordable rental housing. Since its founding, Green Street Housing has developed over 1,500 affordable apartments across the Mid-Atlantic region. The company specializes in complex public-private partnerships and delivers innovative housing solutions through disciplined execution, local engagement, and long-term stewardship.

Contacts:
Kim Hart, Managing Member, Good Housing
Phone: (703) 850-3980
Email: [email protected]

Chase Powell, Partner and Director of Development, Green Street Housing
Phone: (443) 783-8010
Email: [email protected]

SOURCE Green Street Housing