ECD and Fellowship celebrate groundbreaking of $86 Million Lake Anne House in Reston, VA
Reston, VA — Enterprise Community Development (ECD) and Fellowship Square Foundation (Fellowship) celebrated the official groundbreaking of Lake Anne House, a new mid-rise building serving low-income senior residents located at 11444 North Shore Dr. in Reston. Chairman of the Fairfax County Board of Supervisors Jeffrey C. McKay, Hunter Mill District Supervisor Walter L. Alcorn, Virginia Housing CEO Susan Dewey (virtually), Fairfax County Redevelopment and Housing Authority Commissioner for the Hunter Mill District Richard Kennedy and Capital One’s Community Finance senior director Ed Delany (virtually) will join representatives from ECD and Fellowship Square to put shovels in the ground marking the beginning of construction on the $86 million project.
“Here in Northern Virginia we have nowhere near the level of housing for low-income seniors that we need, and this trend is growing worse with the aging of baby-boomers and expanding redevelopment projects that drive prices up. In fact, older adults are now at greater risk of homelessness than at any time in recent history. Lake Anne Fellowship House has provided housing to hundreds of low-income seniors over the past 50 years,” said Christy Zeitz, CEO of Fellowship Square. “Many of our residents live on Social Security or Supplemental Security Income alone, and the average annual income across our communities is $12,000/year. The new, modernized Fellowship Square residences will be more space efficient, energy efficient, and will provide enhanced amenities – while still assuring that rent is never more than 30% of a resident’s income.