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"DC Open Doors" pays your Down Payment for you on a home purchase in DC. The money does not have to be paid back. You must have:
  • Less than $125,580/year in income
  • Have fair to good credit (660+)
UrbanLand Company Agents have over $38 million in successful $0 Down and low down payment home sales. Set Appointment $0 Down Loan Estimate Or, get to know us in our Free Home Buyer Workshops
The Virginia Housing Development Authority (VHDA) pays your Down Payment when you meet certain criteria. The money does not have to be paid back. You must have:
  • Less than $97,520/year in income (1-2 person households)
  • Less than $113,840/year in income (3+ persons)
UrbanLand Company Agents have over $38 million in successful $0 Down and low down payment home sales. Set Appointment $0 Down Loan Estimate Or, get to know us in our Free Home Buyer Workshops
The Maryland Mortgage Program loans you up to $8,500 in Down Payment Assistance. There's additional incentives from specific Maryland employers + great student loan incentive programs.
  • Incomes lower than $88,400 for 1-2 person households are eligible
  • Incomes between $88,400 & $128,760 may be eligible, based on county
UrbanLand Company Agents have over $38 million in successful $0 Down and low down payment home sales. Set Appointment $0 Down Loan Estimate Or, get to know us in our Free Home Buyer Workshops
 

Neighborhood Watch

Carpool to Reopen in Fairfax County ‘Burbs in Summer 2017


Carpool’s Ballston location will be shutting down for good soon. The bar and pool hall will close sometime in early April as its former site in Arlington gears up for redevelopment. The bar’s owners have leased space that was a former Logan’s Roadhouse out in Fair Lakes and will reopen around July 1 this Summer. They’ll be at 12821 Fair Lakes Parkway next to suburban brands like Blue Iguana, Jersey Mike’s and Paisano’s Pizza.

The bar’s former home at 4000 Fairfax Drive, a 50+  year old building, will be transforming into a 22 story, 330 unit apartment building with ground floor retail and a large underground garage. You do the math. 330 Ballston apartments, no matter how many are market rate vs. affordable, generate far more rental income for the site owners than the Carpool could ever hope to.

“This is why you own your real estate, whether you are a consumer or a business owner,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company. “This long-standing Ballston icon is having to move way down I-66 due to their long-term leased location being sold, and will face a fundamental change in their audience and the health of their business long-term because of it.”

We’ve talked about this project in the past.

From past coverage:

The ‘building’ will actually be three narrow towers with a ‘twisting glass end’ designed by Hickok Cole architects – the design is very different for the Ballston / Arlington area.  The project includes rooftop amenities, a retail courtyard, fountains, public seating and major streetscape improvements along Fairfax Drive.  The developers are contributing just over $2.2 million to Arlington’s Affordable Housing Investment Fund and are also putting up needed traffic signal improvements, underground utilities and public art for the site.

Thanks to the BizJournals on the alert! #FollowDevelopment on Twitter!

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