VHDA Tax Credits Help Transform the Historic Lorton Reformatory

In 2010, Fairfax County began negotiations for a public-private partnership with The Alexander Company & Elm Street Development for the adaptive re-use of the old Lorton Reformatory, located in Lorton, Virginia. This 80-acre complex, which is listed on the National Registry of Historic Places, is undergoing a redevelopment into a vibrant urban village. The master plan includes 165 apartments located in the historically preserved prison dorms known as Liberty Crest Apartments, which are comprised of both market rate and affordable dwelling units. Additionally, 157 townhouses, 24 single-family homes, and more than 110,000 square feet of shops, restaurants and offices round out this project.

Funding for the recently completed Liberty Crest Apartments included VHDA LIHTC 4% Tax Credits, historic tax credits, VHDA tax-exempt bond financing, and a long term land lease with Fairfax County. The multi-family rental units serve residents with a diversity of income levels: 26 percent of units are reserved for households earning 50 percent of the area median income; 24 percent are for households earning 120 percent of AMI; and 50 percent have no income restrictions.

Teaming with The Alexander Company & Elm Street Development along with VHDA and Southway Builders, LeMay Erickson Willcox Architects served as the VHDA Compliance Architects for the initial phase of the transformation of this historic property. On April 17, 2018, members of LEWA attended the 2018 ULI Trends Awards to represent the Liberty at Lorton development team as a finalist in the Excellence in Adaptive Reuse category.

To learn more about this project visit: Liberty Crest Apartments

For additional VHDA information please visit: VHDA