News Releases

Board Approves $5.792 Million Loan to Preserve and Renovate 103 Affordable Housing Units

The Board today approved a $5.792 million Affordable Housing Investment Fund (AHIF) loan to developer McCormack Baron Salazar (MBS) to assist with the purchase and renovation of 103 affordable units at Clarendon Court Apartments. MBS plans to preserve all of the existing affordable units, deepen the affordability of some units and fully renovate the property by leveraging additional resources with the loan.

Arlington Cuts Real Estate Tax Late Payment Penalty

The Arlington County Board today voted to lower the late payment penalty for real estate taxes from 10 percent to 5 percent for the first 30 days after the due date. The penalty for delinquent real estate taxes not paid within 30 days following the due date will remain unchanged at 10 percent. More than 1,000 taxpayers could benefit annually.