Affordable For-Sale Units
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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.
- 2-bedroom, 1 bath at Bolling Brook, 3242 S. 28th Street, #203. This unit is available for purchase to a first-time homebuyer who has an annual income below 80% of the Area Median Income (one-person household up to $65,680, two-person household up to $75,040, three-person household up to $84,400). To learn more, please click here.
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 requirements.
- 2-bedroom, 1-bath at The Seasons, 5801 Quantrell Ave, #208, $163,900. This unit is available for purchase to a first-time homebuyer who has an annual income below 100% of the Area Median Income (one-person household up to $82,100, two-person household up to $93,800, three-person household up to $105,500). To learn more, please click here.
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 Vicente Espinoza at firstname.lastname@example.org or 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 or contact Brandi Collins at email@example.com or Vicente Espinoza at firstname.lastname@example.org or call 703-746-4990.