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 unit is being marketed:
- 401 N. Beauregard Street, Unit T-2, a 3-bedroom, 1.5 bath condominium unit in the Mayflower Square community. Click here to learn more.
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. While the following unit is now available to the general public, eligible purchasers participating in the City’s Flexible Homeownership Assistance Program (FHAP) may be able to purchase this home at a restricted priced at $227,059:
- 2-bedroom, 2.5-bath at The Fountain Condominium, 301 N. Beauregard, Unit 110, $227,059 w/$738
monthly condo fee (includes all heating, cooling, electricity, water, sewer, gas, and trash
removal costs). 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 Shane
Cochran at email@example.com 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 firstname.lastname@example.org or Vicente Espinoza at email@example.com or call 703-746-4990.