SILVERWOOD DONATES BACKPACKS AND SUPPLIES TO OVER 130 CHILDREN AT EAST FALLS APTS IN FALLS CHURCH, VA
Over 130 children living in East Falls Apartments, an affordable rental apartment community near the Eden Center in Falls Church, VA, have received back-to-school backpacks donated by the community’s new owner/manager, Silverwood Companies of Reston, VA. Each backpack contains most of the grade-appropriate school supplies required by Fairfax County Public Schools.
Silverwood led a group of local investors late last year in acquiring the 305-unit low-income apartment community located at 2913 Peyton Randolph Road,
and has begun a $4 million renovation to include refurbished kitchens and baths, new energy-efficient heat pumps, roofs, entries, hallways, parking lots, landscaping, and an all-new 900 square foot community building with a fitness center, activity center, and computer/business center.
Silverwood is managing East Falls Apartments as an affordable rental community, with 100 percent of the apartments allocated to individuals and families who earn 60 percent or less of area median income (AMI).
Distributing free school supplies is one way that Silverwood aims to help children and families climb the economic ladder to success. The company also operates a college scholarship program with the Arlington Community Foundation. Each of Silverwood’s affordable communities provides free computer use and Internet access for all residents.
“We are proud that children living at East Falls Apartments have the opportunity to attend some of the best schools in the nation, including Edgar Allen Poe Middle School and J.E.B. Stuart High School, which offers the elite International Baccalaureate program,” noted Mark Silverwood, President, Silverwood Companies.
East Falls is located adjacent to another affordable community owned and managed by Silverwood, Patrick Henry Apartments at 6172 Wilson Boulevard in Arlington. Both communities offer easy access to the Seven Corners shopping center with Home Depot, Barnes and Noble, Best Buy, and Shoppers Food Warehouse. Also nearby is the Eden Center, a regional destination featuring some 120 Vietnamese and Asian shops and restaurants.
Silverwood Companies, based in Reston, Virginia, is comprised of real estate development, management, and consulting companies. Silverwood has built and renovated over 1,500 units of affordable and market-rate rental housing in the mid-Atlantic region, as well as two luxury condominium residences with ground-level retail space. Silverwood Management specializes in the management of affordable rental communities and currently manages over 1,000 units in Northern Virginia, Virginia’s Shenandoah Valley, and West Virginia. For more information, see the company Web site at www.silverwoodcompanies.com.