Affordable Housing Policy
The Program Administration division works on affordable housing policy through the development and implementation of the Housing Master Plan and Consolidated Plan for Housing and Community Development. The division is responsible for the Administration of the City's Community Development Block Grant (CDBG) and Home Investment Partnerships (HOME) funds from the U.S. Department of Housing and Urban Development.
Staff is responsible for local compliance with federal, state and local rules and regulations governing housing and community development activities and administration of the City's Housing Trust Fund (HTF). Staff also monitors private-sector participation in affordable housing programs, and administration of City fiscal affairs pertaining to housing falls.
Staff works with non-profit and private developers to develop structure and finance projects that include significant components of affordable housing. Additionally, staff works closely with other City departments to review development proposals, including affordable housing plans that will yield set-aside affordable units and/or voluntary monetary contributions pledged by developers to the HTF and supports the Alexandria Housing Affordability Advisory Committee.
Housing Opportunities Fund (HOF) Application Guidelines and HOF Checklist and Certification
Section 7-700 (Allowance for increases in floor area ratio, density and height and reductions in required off-street parking as incentive for provision of low- and moderate-income housing)
Current Affordable Housing Projects
Parc Meridian at Eisenhower Station. Parc Meridian is located at 750 Port Street in Eisenhower East. The City permitted the developer to use the bonus density provisions of the City’s zoning code, which created 33 dedicated affordable rental units (including six 2-bedroom units) within the 505-unit building. The building is currently being leased floor by floor and is scheduled to be completed by Summer 2016.
St. James Plaza. St. James Plaza (previously referred to as The Fillmore) is a 93-unit affordable project on Fillmore Avenue north of North Beauregard Street. Demolition of the existing building started in July 2016. The City approved a loan of up to $5.7 million to the developer, AHC Inc., from the City’s Housing Opportunities Fund in January 2015 to help fund the purchase of the land and the construction of the affordable project. AHC has secured all of the remaining funding needed for the project, including conventional financing and $19 million in low-income housing tax credit equity.
Gateway Apartments. Gateway Apartments is a proposed 74-unit affordable project within the Gateway at King and Beauregard, a three-building mixed-use development with approximately 618,000 gross square feet of residential, retail, and office uses. The City approved a loan of up to $5.5 million to the nonprofit developer of the affordable project, AHDC, from the City's Housing Opportunities Fund in November 2015; this included a $350,000 predevelopment loan (approved in June 2015). The City's financial support has enabled AHDC to broaden the affordability levels within the project. Eight units will be affordable to households at 40% of the area median income (AMI), 29 will be affordable to households at 50% AMI, and 37 will be affordable to households at 60% AMI. 84% of the units will be family-sized with two to three bedrooms, and 10 percent will be accessible. The building will be affordable for 60 years. As part of its financing package, AHDC applied for low-income housing tax credits during the 2016 tax credit cycle. The project has scored well in the preliminary rankings released in May 2016.
Recent Affordable Housing Projects
Lynhaven Apartments. The Lynhaven Apartments, owned by Wesley Housing Development Corporation, consists of 28 units and has undergone substantial rehabilitation. In September of 2013, Alexandria City Council approved a loan consisting of federal HOME dollars along with matching local dollars for the substantial rehabilitation of the property. In addition to the City’s loan, Wesley Housing used tax-exempt bond financing along with 4% Low Income Housing Tax Credits to complete the renovation. All 28 units at Lynhaven are preserved for households earning up to 60% of the area median income (AMI) with half reserved for households at or below 50% of AMI. The rehabilitation was completed in Summer 2016.
Jackson Crossing. During FY 2013, the City approved $2.5 million in funding along with a city-owned parcel for the development of a 78-unit affordable housing property to be built by AHC Inc. at the corner of East Reed Avenue and Jefferson Davis Highway. A Development Special Use Permit was also approved by City Council, and Virginia Housing Development Authority (VHDA) approved a tax application. The project was completed in December 2015.
Arbelo and Longview Terrace Apartments. The Arbelo and Longview Terrace Apartments are garden style apartments in Alexandria, consisting of 74 units. The City provided Housing Opportunities Fund loans to RPJ Housing to acquire the properties in 2007 and 2009 to preserve the units as dedicated affordable housing. The properties were subsequently transferred to the Alexandria Housing Development Corporation (AHDC). AHDC secured tax exempt bonds and 4% Low Income Housing Tax Credits for the renovation of all 74 units. Renovation of the units was completed in 2015.
Notch 8. Notch 8 (also referred to as the Giant site at Potomac Yard) is a mixed-use development located at 2801 Main Line Boulevard. The City permitted the developer to use the bonus density provisions of the City’s zoning code, which created 12 dedicated affordable rental units (including two 3-bedroom units) within the 253-unit building. The project was completed in 2015.
Station 650 at Potomac Yard. Station 650 (also referred to as Potomac Yard Landbay J), located at 1800 Main Line Boulevard at the south end of Potomac Yard, is a mixed-use development containing 183 dwelling units and approximately 2,500 square feet of ground floor retail. The City permitted the developer to use the bonus density provisions of the City’s zoning code, which created eight dedicated affordable rental units (including three 3-bedroom units) within the 253-unit building. The project was completed in 2015.
The Bradley. The Bradley (previously referred to as Braddock Metro Place) is located at 1261 Madison Street across from the Braddock Road Metro Station. The City permitted the developer to use the bonus height provisions of the City’s zoning code, which created ten dedicated affordable rental units within the 165-unit building. The project was completed in 2015.