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Prospective tenants can now join the waitlist for a limited number of income-subsidized apartments under construction near the Spring Hill Metro station in Tysons.
The Fairfax County Redevelopment and Housing Authority began accepting applications at 8 a.m. Monday for Project-Based Voucher units at The Exchange at Spring Hill Station. Applications will remain open through the county’s Housing and Community Development website until 11:59 p.m. Sunday, June 7.
Applicants will be chosen randomly for placement on the waitlist. When apartments become available, selected households will be contacted and screened for eligibility based on income, household size and unit size.
Residents receiving Project-Based Voucher assistance generally pay about 30% to 35% of their household income toward monthly rent. The housing authority covers the remaining cost.
Tysons’ first fully affordable multifamily project
The Exchange, being developed by nonprofit True Ground Housing Partners, will be the first fully affordable multifamily residential development in Tysons and the first in the area to offer Project-Based Voucher apartments.
Fairfax County approved the project in 2023 under its former name, Dominion Square West. The 20-story building will contain 516 one-, two- and three-bedroom apartments for households earning no more than 70% of the area median income.
The U.S. Department of Housing and Urban Development set the D.C. region’s median family income at $166,100 for fiscal year 2026, which ends after June 30. For comparison, 80% of the regional median for a four-person household is $106,800.
The development at 8711 and 8721 Boone Boulevard will also include a 30,000-square-foot community center operated by Fairfax County.
Only a limited share of The Exchange’s apartments will carry Project-Based Voucher assistance. Applications for the development’s other units are expected to open in the coming months, and prospective tenants are encouraged to monitor the developer’s website for updates.
Public and private funding is supporting construction, including $55 million from Amazon that allowed True Ground to develop the entire project at once instead of dividing it into phases. All 516 apartments are expected to be delivered by 2027.
The project will contribute toward Fairfax County’s target of creating 10,000 affordable homes by 2034. It will also help address the 10,318 additional housing units the Tysons Community Alliance estimates the area will need by 2040.
A housing-demand study released by the alliance in December found that most future homes will likely be needed for higher-income residents, reflecting the jobs and population expected in Tysons. However, it also projected considerable demand for income-restricted and otherwise affordable housing.
More workforce housing advances near McLean Metro
Construction is also moving forward on Indigo at McLean Station, a separate SCG Development project at the former office property at 1750 Old Meadow Road.
Previously called Somos at McLean Metro, Indigo will provide 456 workforce dwelling units for households earning between 30% and 70% of the area median income.
Leasing for the first 231 apartments began in February, and the first residents arrived in May. Paradigm Property Management, which is handling the property for SCG Development, expects leasing for the remaining 225 apartments to begin this summer, with move-ins planned before the end of the year.