Affordable For-Sale Units
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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.
Neighborhood Stabilization Program: This program provides a limited number of affordable, resale-restricted units purchased and renovated by Rebuilding Together Alexandria (RTA). The units are priced at levels affordable to low- and moderate-income first-time homebuyers and have long-term affordability requirements. To learn about the program’s eligibility requirements, click here. The following units are currently being marketed:
- 2-bedroom, 1.5 bath at 6151 Edsall Road, Unit M in the Edsall Bluff Community, $205,000 w/$382 monthly condo fee. RTA is offering a matching closing cost grant of up to $4,000 to the qualified purchaser. Purchasers may be eligible for up to $50,000 in no-interest, deferred payment financing through the Flexible Homeownership Assistance Program. This unit is available to first-time homebuyers who live or work in the City of Alexandria with incomes up to 80% of the area median income.
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. The following units are currently being marketed:
- 1-bedroom, 1-bath at the Olympus Condominium, 6301 Stevenson Avenue, Unit 604, $132,880 w/$636 monthly condo fee (includes all heating, cooling, water, sewer, gas, and trash removal costs).
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.
The City: The City offers free training opportunities during the year covering topics such as the rights and responsibility of condominium ownership. To learn more, contact Shane Cochran at email@example.com or 703-746-4990. The following trainings are scheduled:
- Amending Governing Documents for Condominium and Community Associations: Saturday, June 10, 10:30 a.m.-12:30 p.m., Beatley Library, 5005 Duke Street. Registration begins at 10:00 a.m. To learn more, click here.
The Office of Housing provides referral services to partner agencies addressing a range of housing counseling needs. These include foreclosure prevention, loan default and delinquency, and reverse mortgage counseling. To learn more, contact Shane Cochran 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.