Industry News // May 10, 2021
NALHFA Affordable Housing Podcast
Episode 26: Washington County Community Development Agency-2020 Multifamily Excellence Award Recipient
The newest episode of the Affordable Housing Podcast is now available. In this episode, Membership and Operations Associate Allison Ward speaks with Kristen and Melissa from Washington County CDA, Michelle Pribyl from LHB, Inc., and Craig Theis from Colliers Mortgage to discuss the Glen at Valley Creek project that received the prestigious NALHFA Award of Multifamily Excellence in 2020. The Glen at Valley Creek is a senior apartment building in Woodbury, a high-cost Twin Cities suburb, which opened in November 2019. The Washington County Community Development Agency (CDA) redeveloped the underutilized land at the highest allowable density into 42 apartments affordable to our extremely low and very-low-income seniors.
The Glen at Valley Creek is 100 percent affordable to very low-income households (50% of the Area Median Income/AMI) with units set aside for extremely low-income households (30% AMI). In addition, six units have Project-Based Voucher rental assistance. The Washington County CDA partnered with a regional public housing authority, to enter into a Housing Assistance Payments Contract for four 1- bedroom units and two 2-bedroom units. The Glen at Valley Creek is positioned to help seniors live independently for as long as possible with a variety of design features and on-demand services.