PROJECTS
Following are profiles of both family and elderly rental apartments completed in collaboration with various partners, as well as projects Kim Hart and his team accomplished independently. These projects illustrate how we have successfully navigated the many complex steps from envisioning and planning through construction and lease-up.
Shreveport Ridge
This 98-unit rental apartment complex features 2-story townhomes built over single-story, ground-level flats. All have 100% geothermal heating and cooling, which means low utility bills for residents. There are 10 fully ADA accessible units.
Ownership
• Windy Hill Foundation
• T.M. Associates
Financing
• VHDA Low-Income Housing Tax Credits
• Equity Investor – Capital One
• Construction Lender – Capital One
• Mortgage Lender – Capital One
Good Works Role
• Co-Developer representing Windy Hill Development Company
Project Description
• 98 units
• Four 3-story buildings (townhomes over flats)
• 1-, 2-, 3-, and 4-bedroom units
• 10 ADA accessible units
• Opened in 2014
Affordability
• 40% and 50% AMI maximum household income
• 10 project-based vouchers
Special Features
• Certified green building
• 100% geothermal heating and cooling
• Community Room
• Tot Lot
• Resident Services
Barton Place
This old stone building outside of Middleburg, VA, was converted into 5 apartment units on 3 floors. A small cottage apartment sits next door.
Ownership
• Windy Hill Foundation
Financing
• Donated land
• Donations to Windy Hill Foundation
• Mortgage Lender – Middleburg Bank
• Grant and Low-Income Loan – Southeast Rural Community Assistance Project
Hart Team Role
• Design team coordination
• Rehab construction manager for Windy Hill Foundation
Project Description
• 6 units (5-plex building plus cottage)
• 3-story
• 1- and 2-bedroom units
• Opened in 1997
Affordability
• Rents set by Windy Hill Foundation
• Affordable to households up to 40% or 50% AMI
Special Features
• Resident Services
• Walking distance to Middleburg, VA
THE Rectory
This historic old rectory, which belongs to Grace Church in The Plains, VA, was converted into two separate rental apartments, to support the church mission of providing affordable housing.
Ownership
• Grace Episcopal Church, The Plains, VA Financing
• Donations to Windy Hill Foundation
• Mortgage Lender – Oak View Bank, Marshall, VA
Hart Team Role
• Design team coordination
• Rehab construction manager for Windy Hill Foundation
PROJECT DISCRIPTion
• Walking distance to The Plains
• 2 units
• 2-story
• 2-bedroom units
• Opened in 2013
Affordability
• 60% AMI maximum household income
Special Features
• Resident Services
• Walking distance to The Plains
VIRGINIA LANE
This collection of rental duplexes, with colorful roofs, is walking distance from Middleburg, VA. They were designed in keeping with local architecture. It was the first multi-family project to win the coveted Signatures of Loudoun design award. The site features a community garden.
Project Description
• 14 units (7 duplexes)
• 2-story
• 1-, 2-, and 3-bedroom units
• Opened in 2014
affordability
• 40% and 50% AMI maximum household income
Special features
• Resident Services
• Walking distance to Middleburg
• High-efficiency district heating and cooling system
• Community garden
• Winner of Signatures of Loudoun design award
ownership
• Windy Hill Foundation
Financing
• Donated land
• Donations to Windy Hill Foundation
• Mortgage Lender - Middleburg Bank
• Small HUD Grant
Hart Team Role
• Design team coordination
• Construction manager for Windy Hill Foundation
PIEDMONT LANE
Designed to look like old farm houses, this project has 100% geothermal heating and cooling, which means very low utility bills for residents. All units are 2-story townhouses, except the 2 fully ADA accessible units.
ownership
• Windy Hill Foundation
Financing
• VHDA Low-Income Housing Tax Credits
• Equity Investor – Boston Capital
• Construction Lender – Middleburg Bank and Oak View Bank
• Mortgage Lender – VHDA
Hart Team Role
• Co-developer representing Windy Hill Development Company
Project Description
• 16 units (3 4-plexes and 2 duplexes)
• 2-story
• 2- and 3-bedroom units
• 2 ADA accessible units
• Opened in 2012
affordability
• 40% and 50% AMI maximum household income
Special features
• Certified Green Buildings
• 100% Geothermal heating and Cooling
• Tot Lot (by grant from PATH Foundation)
• Resident Services
Washburn Place
This 30-unit townhouse project sits right behind downtown Marshall, VA and across the street from the new home for Middleburg Humane Foundation. It has 5 fully ADA accessible units and reserves 5 units for veterans or active service military families.
ownership
• Windy Hill Foundation
Financing
• VHDA Low-Income Housing Tax Credits
• Equity Investor – Boston Capital
• Construction Lender – Eagle Bank, MD
• Mortgage Lender – VHDA
• Grants – PATH Foundation and Federal Home Loan Bank Atlanta
Hart Team Role
• Co-developer representing Windy Hill Development Company
Project Description
• 30 units (5 sticks of 6 homes)
• 2-story
• All 3-bedroom units
• 5 ADA accessible units
• Opened in 2018
affordability
• 40% and 50% AMI maximum household income
Special features
• Certified green buildings
• Tot Lot
• Resident Services
• Walking distance to Marshall, VA
LEVIS HILL HOUSE
The first affordable rental apartment building in Middleburg, VA, only for elderly and disabled residents, this facility has 14 universal design units, and 6 fully ADA accessible units. The large community room hosts the hottest bingo game in town.
ownership
• Windy Hill Foundation
Financing
• VHDA Low-Income Housing Tax Credits
• Donations to Windy Hill Foundation
• Equity Investor – Boston Capital
• Construction Lender – Middleburg Bank
• Mortgage Lender – VHDA
• Grant – Federal Home Loan Bank Atlanta
Hart Team Role
• Co-developer representing Windy Hill Development Company
Project Description
• 3-story with elevator
• 20 units
• 1- and 2-bedroom units
• 6 ADA accessible units
• All units accessible via Universal Design
• Opened in 2018
affordability
• 40% and 50% AMI maximum household income
• 10 project-based vouchers
Special features
• Certified green building
• Community Room
• Resident Services
• Walking distance to Middleburg, VA
• Located next to Middleburg Fire and Rescue Station
THE WOODS
The Hart Team co-developed this 202-unit complex of five 4-story buildings. Popular amenities include a fitness center and outdoor swimming pool.
ownership
• Brambleton and T.M. Associates
Financing
• VHDA Tax-Exempt Bonds
• Tax Credit Equity Investor – Eagle Bank, MD
• Construction Lender – VHDA
• Small HUD Grant
Hart Team Role
• Co-developer representing Windy Hill Foundation
Project Description
• 202 units
• 4-story building, flats
• 1-, 2-, and 3-bedroom units
• Opened in 2015
affordability
• Rents set by proffer to be affordable
• Generally affordable at 50% AMI or less
Special features
• Community Room
• Swimming Pool
• Fitness Center
HERONVIEW
Route 7 in Loudoun County, VA, it features 96 affordable rental units with easy access to 4 miles of walking and bike trails. Opening in Spring 2019, there are 10 fully ADA accessible units, as well as 45 universal design units.
ownership
• Windy Hill Foundation and Flatiron Partners
Financing
• VHDA Low-Income Housing Tax Credits
• Equity Investor – Redstone
• Construction Lender – Capital One
• Mortgage Lender – Capital One
• Soft Loan – Loudoun County Housing Fund
Hart Team Role
• Co-developer representing Windy Hill Development Company
Project Description
• 96 units (7 duplexes)
• 4-story (townhomes and flats)
• 1-, 2-, and 3-bedroom units
• 10 ADA accessible units
• 45 Universal Design units
• Opened in 2019
affordability
• 40% and 50% AMI maximum household income
Special features
• Certified green building
• Fitness Center
• Community Room
• Extensive walking and bike trail network
• Walking distance to Kincora Center
STONE SPRINGS
This 128-unit project (opening in Summer 2019) is walking distance to Stone Ridge Village Center, Stone Springs Hospital, and Gum Spring Library. It features a pool and fitness center.
ownership
• Van Metre Company, Flatiron Partners and Good Works
Financing
• VHDA Tax-Exempt Bonds
• Tax Credit Equity Investor – Boston Capital
• Construction Lender – HUD
• Mortgage Lender – HUD
• Soft Loan – Loudoun County Housing Fund
Hart Team Role
• Co-owner and co-developer
Project Description
• 128 units
• Two 4-story buildings
• 1-, 2-, and 3-bedroom units
• 3 ADA accessible units
• Opened in 2014
affordability
• 60% AMI maximum household income
Special features
• Certified green buildings
• Walking distance to Middleburg
• Clubhouse with Pool and Fitness Center
ASHBURN CHASE
Ashburn Chase is a 96-unit development of two 4-story buildings. It is part of a larger mixed-use development within walking distance of Whole Foods Market, and features a community room and tot lot.
ownership
• TM Associates (50%)
• Good Works (50%)
Financing
• VHDA Tax Credits
• VHDA Bond
• Federal Home Loan Bank
Hart Team Role
• Co-owner and co-developer
Hart Team Role
• Part of Toll Brothers mixed use development south of Rt. 7, across from Whole Foods
Project Description
• 96 units
• Two 4-story buildings
• 1-, 2-, and 3-bedroom units
• 10 ADA accessible units
affordability
• 40% and 50% AMI maximum household income
• 10 project-based vouchers
Special features
• Certified green buildings
• Community Room
• Tot Lot
• Resident Services
• 10 units reserved for developmentally disabled persons