Wendy Hills Foundation plans affordable housing units for Marshall
The Fauquier Board of Supervisors authorized Fauquier County to sign a letter of support for the Wendy Hill Foundation's application for state tax credits for a 30-unit affordable housing development in Marshall. Thursday.
The letter is part of a greater package the Wendy Hill Foundation is using to apply for Virginia Housing Development Authority (VHDA) tax credit funding.
According to the Wendy Hill Foundation, the development would be called Washburn Place, and cost $4,500,000 to construct. The 37,550-foot complex will span five buildings containing 21 two-bedroom and nine three-bedroom apartments. The units' rent is expected to begin at around $920 per month.
"The Wendy Hill Foundation's idea is a reasonable approach for people to seek affordable rental units," said Marshall Supervisor Peter Schwartz.
The application made three requests of the board of supervisors:
1.To authorize the County Administrator to sign a letter of support
2.To authorize the County Administrator to execute a Revitalization Area Certification and a Zoning Certification
3.To authorize the waiver of $240,000 in County real estate taxes and $15,000 in building permit fees.
According to Fauquier County staff reports, approving the request cost the county $240,000 in real estate taxes and $15,000 in building permit fees.
Center District Supervisor Chris Granger wondered about the impact to the school system with a predicted 70 more children added to the Marshall schools with no taxes to support them.
"I have to ask the hard questions," said Granger.
"We're asking the schools to absorb up to 70 kids in this kind of development and not give them additional funding. How is that going to work?"
Supervisor Chairman Holder Trumbo tried to mitigate Granger's concerns.
"There's a lack of this kind of housing in Marshall," said Trumbo, "and the numbers for the school-aged children don't always work out to the statistical indicator. There's a similar development in The Plains and the kids there number around 12-14 total. "
Cedar Run Supervisor Lee Sherbeyn offered a solution to the loss of tax revenue for the county
"I'd like to see that we use county contractors to keep that money in the county since we're losing tax money."
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