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| The Parkwood no longer pink. |
The Parkwood apartments in the Culmore area of Bailey’s Crossroads are being renovated with support from the Fairfax County Redevelopment and Housing Authority, with the goal of keeping the complex affordable for lower-income people.
The project is funded by $30 million in tax-exempt bonds approved by the FCRHA plus $2.5 million from the county’s Housing Blueprint Funds.
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| The landscape crew at work at the Parkwood. |
The county is working with the owner, MRK Partners, to ensure the complex, built in 1949, is “sustainable over the long haul” and remains affordable for the next 30 years, says Vincent Rogers, director of policy and compliance at the Fairfax County Department of Housing and Community Development.
The project includes upgraded kitchens, will all new appliances, cabinets, countertops, and flooring; upgraded bathrooms, with new vanities, flooring, and plumbing; interior and exterior painting; carpeting; light fixtures; air conditioning units; roofs; upgraded laundry and community rooms; and new signage.
Accessibility upgrades are being installed in 13 units reserved for people with disabilities.
The Parkwood apartments are limited to households with incomes up to 60 percent of the area median income (AMI). That’s approximately $60,000 for a family of four. Without action by the FCRHA, rents could have become market rate at the end of 2025, Rogers says.
The Parkwood has 49 one-bedroom units and 176 two-bedroom units. There is a waiting list for new tenants.
According to Apartments.com, rents are $1,266 for a one-bedroom and $1,541 for a two-bedroom unit at the Parkwood.
At the nearby market-rate Olde Salem Village apartments, rents for one-bedroom apartments range from $1,360 to $2,335, depending on floor plan, and two-bedroom units are $1,960 to $3,125.