Credit Squeeze Hits F.C. Affordable Housing Effort
Reporting to the Falls Church City Council at its work session Tuesday, leaders of the Falls Church Housing Corporation (FCHC) said that the global economic downturn, and the U.S. banking and credit crisis, has stalled progress on obtaining financing for their City Center South Apartments project, which is now jeopardized by at least a temporary unraveling of agreements between participants in the plan.
