Post Content

City to Consider Purchase to Keep West End Apartments Affordable

(Updated at 2:25 p.m.) Alexandria is hoping to buy an apartment complex in the West End to maintain it as affordable housing.

The City Council is scheduled to consider a $8 million loan to the Alexandria Housing Development Corporation (AHDC), an affordable housing non-profit established by the city in 2004, at a meeting tonight (Tuesday).

AHDC is hoping to buy The Avana Alexandria (3001 Park Center Drive), a 326 unit apartment split between one-bedroom and two-bedroom units. The building also features amenities like a pool and tennis court. The actual cost of the acquisition is currently confidential, according to AHDC, pending closing.

Mayor Justin Wilson tweeted that the purchase would be the city’s first use of affordable housing funding connected to Amazon’s HQ2.

The Avana Alexandria was built in 1989 and, unlike many newer apartments in the area, is comprised entirely of market-rate units, meaning there is no existing requirement for units to remain affordable.

The loan to the AHDC would allow the agency to take over units once current occupants leave, and they will then be rented at affordable rates to income-eligible households.

Within one year of acquisition, it’s expected that 40 percent of all units, 130 in total, will be affordable at or below 60% of area median income. Other units that are considered “workforce” — affordable to those making up to 80% of area median income — will be retained at those levels.

One-bedroom units in the building are currently priced from $1,576-1,762 per month. Affordable rents for one-bedroom units would be set at $1,366 while workforce units would be set at $1,821.

Two-bedroom units run from $1,972-2,415, but would be set at $1,638 for affordable units and $2,184 for workforce units. Other subsidies would help keep utility payments adjusted for lower incomes for roughly five years.

Funding for the workforce housing would come from developer JBG Smith.

AHDC stated in documents sent to the City Council that the building offers flexibility for temporary relocation for people in housing slated for upcoming redevelopment.

Photo via City of Alexandria

Recent Stories

At the height of the pandemic, Classical Movements held weekly open-air concerts with world-renowned musicians in their “Secret Garden” in Old Town North. Business is slowly returning to its hectic…

Open Houses includes a 4 BD/2 BA renovated brick home with a fenced backyard.

A 2 BD/2 BA Penthouse at The Henry with hardwood floors and two parking spots is included in Just Listed.

An annual holiday bar crawl will work its way through Del Ray on Saturday. The seventh annual Candy Cane Bar Crawl will be held from 12:30 to 6 p.m., and the event…

High School Senior Anxious about College Life? Our amazing graduate interns, Meghan Damminger and Kelly Charwat are starting an affordable College Readiness group in early 2023. Working out day and time. Please email [email protected] to set up a free consultation after the Thanksgiving holiday. And yes, Meghan and Kelly have a few openings for individual clients as well. Their rate is $45 per session. [www.sarahmoorelpc.com](http://www.sarahmoorelpc.com/?fbclid=IwAR3ZlfQnSLVRCc78HbTZutDYZErTctC_5pl- zt4eo_wjQo1gF6uHS–k32g).

Submit your own Community Post here.

Brassy Jazzy Christmas

Don’t miss this toe tapping celebration!

The Symphony Orchestra of Northern Virginia (SONOVA) presents “Brassy Jazzy Christmas,” a strong lineup of Christmas and holiday favorites. Inspired by Stan Keton’s album “A Merry Christmas!,” SONOVA has created a jazz band–substituting french

Alexandria’s 47th Annual Turkey Trot 5 Mile Race

Join in Alexandria’s favorite Thanksgiving tradition- the 47th Turkey Trot 5 Mile Race. Alexandria’s favorite Thanksgiving morning tradition, the Alexandria Turkey Trot, returns to the streets of Del Ray on Thursday, November 24 at 9 a.m. In the spirit of

×

Subscribe to our mailing list