Affordable For-Sale Units
To receive email alerts when affordable for-sale units become available, please sign up for the City’s eNews Affordable Housing Opportunities notices or contact us at 703.746.4990
Neighborhood Stabilization Program: Through this program, the City and its
nonprofit partner Rebuilding Together Alexandria, acquire and fully renovate
distressed properties and offer these homes for sale to income-eligible,
first-time homebuyers. No units are available at this time.
Set-aside Homeownership Program: This program provides a limited number of affordable, resale-restricted units in some newly constructed homeownership developments. The units are priced at levels affordable to low- and moderate-income first-time homebuyers and have long-term affordability requirements. No units are available at this time.
Resale Restricted Homeownership Program: This program helps market resale-restricted units
purchased with City assistance. The units are priced at levels affordable to
low- and moderate-income first-time homebuyers and have long-term affordability
- UNDER CONTRACT! 3-bedroom, 1-bath rowhouse in the Hume Springs Community at 3816 Edison Street, Alexandria, VA; near Del Ray and Potomac Yard neighborhoods. This unit is available for purchase to a first-time homebuyer who has an annual income below 100% of the Area Median Income (up to $117,200 for a four-person household). To learn more, please click here for the complete listing and here for the property's webpage.
Virginia Housing Development Authority: VHDA offers free classes for first-time homebuyers on an ongoing basis throughout Northern Virginia. Classes are held in English and Spanish. Successful completion of VHDA pre-purchase training gives first-time homebuyers access to VHDA's below-market interest rates. Participants in the City’s homeownership program are required to complete a VHDA pre-purchase training class. To learn more or to register for an upcoming class, click here.
City: The City offers free training opportunities covering a range of topics. To learn more, contact Brandi Collins or Vicente Espinoza at 703.746.4990.
Closing Cost and Downpayment Assistance
Flexible Homeownership Assistance Program: This loan program provides no-interest, deferred payment downpayment and closing cost assistance to first-time homebuyers purchasing a home through the Affordable Set-Aside Homebuyer Program, Neighborhood Stabilization Program, and Resale Restricted Homeownership Program. Two income tiers are used to determine the amount of assistance available to participants. Participants must be approved for a mortgage by one of the Program’s participating lenders. To learn more, download our Program description here, contact Vicente Espinoza (firstname.lastname@example.org) or Brandi Collins (email@example.com), at 703.746.4990.
Additionally, the City of Alexandria offers the Employee Homeownership Incentive Program (EHIP) to employees of the City of Alexandria and the Alexandria City Public Schools which provides an interest-free, deferred payment loan of $10,000 for home purchases in the City of Alexandria. To apply or learn more, contact Vicente Espinoza at firstname.lastname@example.org.