Standard Communities Secures $67.5M Financing For Jefferson Plaza Apartments In Woodbridge

Jefferson Plaza Apartments, a 240-unit affordable housing development located at 1305 Jefferson Plaza in Woodbridge, VA, has secured $67.5 million in financing. The loan was provided by Virginia Housing, with Janet Wiglesworth representing the lender. Scott Alter of Standard Communities is the landlord overseeing this multifamily property.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $67,500,000
• Landlord: Scott Alter - Standard Communities
• Lender: Virginia Housing - Janet Wiglesworth
• Market: Woodbridge, VA
• Units: 240

Standard Communities, in partnership with Freddie Mac's low-income housing tax credit, arranged the financing for the Jefferson Plaza Apartments. This funding will support the development and operations of this affordable housing complex in Woodbridge, VA, ensuring quality housing for the community.