As part of Alexandria’s program to help first-time homebuyers who live or work in Alexandria, two properties near Landmark Mall are now on the market for around $200,000.
One of the homes is a two-bedroom, one-bathroom unit at 14 Canterbury Square, part of the Canterbury Square Condominiums. The home is being offered through the Alexandria Neighborhood Stabilization Program, which acquires and fully renovates distressed properties then sells them to income-eligible, first-time homebuyers. The unit is priced at $197,877.
To be eligible to purchase the Canterbury Square condo, the purchaser must make below 80% of area median income — $68,000 for a one-person household, $77,680 for a two-person household, or $87,360 for a three-person household.
The second home is at 5831 Quantrell Avenue. The home is being offered through the Resale Restricted Homeownership Program. The condominium is three-bedroom and two-bathroom, priced at $211,959.
To qualify for the Quantrell Avenue home, purchasers must make less than 100% of AMI — up to $85,000 for one-person households, up to $97,100 for two-person households, up to $109,000 for three-person households.
There are a variety of other forms of financial assistance available as well, according to a press release from the City of Alexandria.
“Eligible purchasers may receive a City shared equity loan through the City’s Flexible Homeownership Assistance Program,” the press release said. “The homes are also eligible for reduced mortgage interest rate financing through the Virginia Housing Development Authority’s Community Homeownership Revitalization Program (CHRP).”
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If you had a chance to enhance a child’s future with a time commitment of less than 2 hours a week, how would you respond? You have that opportunity right now to join over 200 Alexandrians as a reading tutor volunteer with the Alexandria Tutoring Consortium (ATC).
ATC tutors work with one child in kindergarten, first, or second grade in Alexandria public schools who need extra help with reading. Tutors meet with their Book Buddy 1-2 times each week for 30 minutes October-May at school, during school hours. Many struggling readers only receive one-on-one instruction through this program, and it makes all the difference. Last year, ATC served 195 children, of whom 82% ended the year reading on grade level and 96% made substantial reading gains. But the need is great, and we are still seeing learning lags from the pandemic.
This year, ATC plans to significantly increase the size of the program to reach over 250 students and to serve every elementary school in Alexandria. This is very exciting news, but we will only succeed if we can recruit more tutors. ATC trains you, matches you with a child, and provides ongoing lesson materials and support.
If you have been thinking about buying your first home or haven’t owned one in the last three years, THIS IS FOR YOU!
In the DMV area, it can be difficult to save the downpayment necessary for you to get into your own home. We have a solution. The Funder’s Summit!
We have assembled a summit with different municipalities to tell you how to access their funds for your home purchase.
2023 Alexandria Fall Festival
Food trucks, bounce houses, pony rides, magic shows and more at the 2023 Alexandria Fall Festival, an Alexandria Living event presented by The Patterson Group. Join us at River Farm on Sunday, Nov. 5 from 11 a.m. – 4 p.m.
