Housing and Community Development Alert:

CONTACT INFORMATION: Operating Hours: 8AM-4:30PM M-F

703-246-5000 TTY 711

rha@fairfaxcounty.gov

3700 Pender Drive
Fairfax, VA 22030

fairfaxcountyhousing

Tom Fleetwood
HCD Director

Department Resources

Monarch Condominium at 100% AMI WDU - IMMEDIATELY AVAILABLE

Monarch Condominium at 100% AMI WDU
Tysons, VA 22102

The following listing is available for first-time homebuyers who have a valid First-Time Homebuyers Program Passport to Homeownership. A Passport to Homeownership is issued following completion of the five-step application process.

Sales Price:
$317,250 (Studio)
$355,300 (One Bedroom with balcony)
High-Rise Condominium

Studio and One Bathroom – S01 Floor Plan (490 square feet)
One Bedroom and One Bathroom – A02 Floor Plan (610 square feet)
New Construction
Open Concept Floorplan, Oak Hardwood Floors, Upgraded Kitchen Countertops and Backsplash, Cabinets with Under-Cabinet Lighting, High-End Appliances, Tray Ceiling, Over-Sized Waterfall Island, Walk-In Closet, and Floor-to-Ceiling Windows (all features are subject to change).
Amenities: Heated Outdoor Pool, Outdoor Grills, Fitness Center, Clubroom, Pet Care Room, Rooftop Dining, Landscaped Gardens, 24/7 Concierge and Lobby Attendant, and Full-Time On-Site Engineer and Property Manager. Please see the developer website https://affordablecondostysons.com
Located near: Tysons Corner Center and Tysons Galleria, World-Class Dining, Entertainment and Tysons Metro Rail Stop to Washington DC, Ronald Reagan Washington National Airport and Dulles International Airport.
Convenient Access to: Tysons Shopping, Dining, Entertainment, Airports, Silver Line Metro and Other Public Transport.
Schools: Westbriar Elementary School, Kilmer Middle School, Marshall High School

FLOOR PLANS AND PHOTOS:

Studio Floor Plan

Floor Plan

One Bedroom Floor Plan

REQUIRED FUNDS AND FEES:

Required Buyer Funds and Estimated Closing Costs: $15,863 – Studio and $17,765 – One Bedroom
Amount may vary according to lender, type of loan, credit score and reserves. Estimate is based on 2% required down payment and up to 3% for closing costs. This estimate includes a $1,000 good faith deposit which will be required at the time the contract is signed.
Condominium Fees: $326 monthly
Includes Trash and Snow Removal, Common Area Maintenance, Additional Guest and Visitor Parking, Water and Gas

DOWNPAYMENT ASSISTANCE:

Up to $10,000 in downpayment assistance may be available for eligible applicants depending upon funding availability.

Questions

For additional information, please email FTHBhomeownership@fairfaxcounty.gov, or contact the Homeownership Resource Center at 703-246-5087.

TO APPLY TO AN IMMEDIATELY AVAILABLE UNIT:

Immediately Available Units are offered on a first-come, first-served basis to applicants who turn in a completed Immediately Available application.

Download the Immediately Available Application Packet.

Fill out the STEP 4 Form, the “Fairfax County Affordable Homeownership Program Application.”
Include all the documents listed on Page 5 “Required Documentation” in the right-hand column, “Drawing Selection/Immediately Available Property.”
Include the Household Spending Plan
Include the No-Income Affidavit for any adult who does not have income

If you are not currently in the FTHB or WDU programs and do not currently have a valid T-code also:

Complete the 5-step Process for either the FTHB Program or the WDU Program
On your STEP 4 Form, the “Fairfax County Affordable Homeownership Program Application,” include all the documents listed on Page 5 “Required Documentation” of the left-hand column, “Initial Application.”

Turn in your Immediately Available application:

By mail, in-person, or our secured drop box at 3700 Pender Drive, Fairfax, VA 22030
Through our secured fax at 703-653-1372
Through encrypted email to fthbhomeownership@fairfaxcounty.gov.

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