After six years of collaborative effort, the Fairfax County Redevelopment and Housing Authority, SCG Development, members of the Fairfax County Board of Supervisors, and project partners gathered on May 17, 2023 to celebrate the grand opening of Ovation at Arrowbrook, located in Herndon, Virginia.

This development features 274 EarthCraft Gold designed affordable apartment homes with 38,000 square feet of community retail space that will be home to a grocery store, bakery, a brewery, and more.  Located adjacent to the Arrowbrook Centre Park and Innovation Metro Station, residents of Ovation can enjoy easy access to playgrounds, athletic fields, an outdoor entertainment pavilion and a dog park.  The property’s 10,000 square feet of amenity space houses a fitness center, business center, club and entertainment rooms, and a private courtyard and free garage parking.

Jeffrey C. McKay, Chairman, Fairfax County Board of Supervisors: “Ovation at Arrowbrook demonstrates that with creativity and perseverance, as a community we can deliver homes that are not only affordable but also transit-oriented, have green building standards, offer recreational spaces and retail, and more.  All of which are critical in attracting and retaining our workforce.”

 John Foust, Fairfax County Board of Supervisors, Dranesville District: “Investments in affordable housing align with the County’s Strategic Plan, support the Board’s commitment to equity, and strengthen our local economy.  As a Board, we have stood behind our goal of increasing the stock of affordable housing by effectively utilizing every dollar possible and leveraging funds to their fullest.”

 Melissa McKenna, Chair, Fairfax County Redevelopment and Housing Authority: “Our collective ability to leverage financial resources – local dollars, tax credits, federal and state project-based rental assistance – is second to none.  As Chair of the FCRHA and the representative from the Dranesville District, I am so proud to be a partner in this endeavor and I look forward to more great work ahead.”

Additional remarks were provided by Jeffery Fairfield, Direct/President of the Arrowbrook Management Corporation, and Steve Wilson, President of SCG Development.

The financing for the 274-unit $110 million dollar mixed-use development was provided by: Fairfax County DHCD Blueprint Housing Funds ($7.7 million), construction loan by TD Bank & M&T Bank ($71 million), permanent first mortgage loans by Freddie Mac ($49 million – arranged for by M&T Realty Capital Corporation), equity capital arranged by Stratford Capital Group ($40 million), subordinate funding by the State of Virginia DHCD ($2.4 million), and  allocations of 9% and 4% tax credits by Virginia Housing.