MF Quick Takes: Indigo at McLean Station

Freddie Mac and an array of public and private development partners and funding sources are helping SCG Development create hundreds of affordable housing units on the site of a former office building in McLean, Virginia.

In partnership with syndicator Hudson Housing Capital, we invested $32.3 million in Low-Income Housing Tax Credit (LIHTC) equity to support Phase B of Indigo at McLean Station.

Our investment will help usher in an additional 225 affordable units for residents earning between 50-70% of area median income, including a provision for up to 10% of units to serve those currently on the Housing Choice Voucher Program waitlist.

In total, Indigo at Mclean Station will offer 456 new homes, including studio, one-, two- and three-bedroom units. The property will feature urban improvements including pedestrian paths and bike lanes connecting the apartment buildings to neighboring parks, playgrounds and public transportation, including the McLean Metro Station.

  • Street view of Indigo

    Street view of Indigo at McLean Gardens

  • View of Indigo from back of property

    View from the back of the development

  • Front view of Indigo

    Front view of the property

  • View of Indigo Entryway

    View of future resident entryway

Phase B of this project included Virginia Housing Development Authority, Amazon Housing Equity Fund, Fairfax County Redevelopment and Housing Authority, Virginia Department of Housing and Community Development, SCG Development Partners, Stratford Capital Group with TD Bank, Hudson Housing Capital and Freddie Mac Multifamily to complete the full capital stack.

We’re proud to be a part of this initiative, which will supply more affordable housing options — while also creating a positive community impact that reaches beyond its front door.