In the ever-evolving landscape of real estate, "missing middle housing" is a term that's gaining traction, especially in communities like Arlington County, VA. To delve deeper into what this concept means and its potential impact, we turn to Kristin Young, Vice President of Originations at Anchor Loans. With over 30 years of experience in residential lending and specialized expertise in markets like Los Angeles, Washington, D.C., Seattle, and Denver, Kristin is perfectly positioned to provide insights into missing middle housing and its implications for the Arlington County area.
What is Missing Middle Housing?
Missing middle housing refers to a range of housing types that fill the gap between single-family homes and large apartment buildings. These types of housing include single family, duplexes, triplexes, townhouses, and small apartment buildings with just a few units. The idea behind missing middle housing is to create more diverse and affordable housing options within neighborhoods that traditionally consist only of single-family homes.
In Arlington County, the Expanded Housing Option (EOH) Development is designed to incorporate these housing types into existing neighborhoods, allowing for a slight increase in density while preserving the community’s character.
Kristin Young’s Perspective on Missing Middle Housing
Kristin Young, with Anchor Loans who has spent the past 15 years as an originator, brings a wealth of knowledge and experience to the table. She understands the unique challenges and opportunities presented by missing middle housing in Arlington County. According to Kristin, "The Expanded Housing Option Development 'missing middle' will provide more diverse housing options for home buyers and renters in Arlington County. This allows for a slight increase in density in single-family detached home neighborhoods. It will help provide more workforce housing in Arlington County."
Kristin’s expertise in lending and subdivision financing makes her a valuable resource for anyone interested in learning more about missing middle housing. Her long-term relationships with clients, combined with exceptional communication and in-depth consultation, ensure that her clients are well-informed and supported throughout their real estate journeys.
Why Work with Kristin Young?
As one of the first lenders to fund a construction loan for missing middle housing under the new approval, Kristin and Anchor Loans are pioneers in this space. Their early involvement demonstrates not only a commitment to innovation but also a deep understanding of the Arlington County market.
Kristin’s big piece of advice for investors wanting to get in on missing middle housing? "Be patient with the approval process.” She says. “There are complexities involved in navigating new housing developments, but I’m committed to guiding clients through every step of the process.”
Anchor Loans: Your Partner in Real Estate Investment
Anchor Loans has been a trusted lender for experienced real estate investors and builders since its founding in 1998. With over $15 billion in loan volume and more than 35,050 loans funded, Anchor Loans has established itself as the lender of choice for fix-and-flip projects, new construction, and rental property investments. Anchor Loans offers the expertise and speedy funding you need to succeed.
Missing middle housing is set to play a crucial role in shaping the future of Arlington County’s real estate market. With Kristin Young’s extensive experience and Anchor Loans’ proven track record, you can be confident in navigating this exciting opportunity. For more information on how missing middle housing could benefit you, reach out to Kristin at kristiny@anchorloans.com and start the conversation today.
