The Co-op to Condo Conversion Specialists™
Arlington Village
- Client
- Arlington Village
- Date Converted
- 1998
- Location
- Limited Equity, Viriginia
- Building Website
- Visit online
Property Information
| Location | Arlington, Virginia |
| Number of Units | 60 |
Before Conversion
As a Co-op
After Conversion
As a Condo
- Limited Equity Co-ops which were selling at low values in this Section 8 Project
- Both the individual interior units and common elements were in need of major replacement or remodeling.
- Almost all owners were residents and wanted to keep their homes after conversion.
- Condos gained value immediately following conversion.
- A special “Conversion/ Rehab/Permanent” hybrid financing was used to provide funds for much needed projects and interior rehabs.
- ROA assured NO displacement giving each owner an opportunity to own their own homes as real property.
PDF of Case Study: Arlington Village Case Study
PDF of Conversion Details: Arlington Village Details