Post Content

Wesley Housing apartment acquisition will keep apartments affordable in Arlandria for 99 years

A new acquisition will preserve some affordable housing in Alexandria’s Arlandria/Chirilagua neighborhood for nearly 100 years. Wesley Housing has acquired the six-building Parc Square Apartments buildings.

Wesley Housing will now make immediate safety repairs, with a long-term plan to redevelop the property. The 1940s-era properties were acquired after Wesley Housing got a $2.3 million grant from the Amazon Housing Equity Fund, and conditionally will reman affordable for at least 99 years.

Wesley Housing will likely start construction on the major phase of redevelopment in 2025.

Amazon’s HQ2 has raise concerns in the area of gentrification, and the purchase establishes the path for a multi-phased redevelopment plan. The $2 billion Amazon Housing Equity Fund is intended to create and preserve upward of 20,000 affordable housing units in Arlington, Alexandria, and in Washington State’s Puget Sound region — three areas experiencing Amazon’s growth.

“Committing these units to long-term affordability and making critical repairs will greatly benefit existing residents and the community at large,” said Wesley Housing Vice President of Real Estate Development Kamilah McAfee. “Our ultimate goals are to reduce the economic burden of housing in this community, improve the quality of living for residents, contribute to income diversification, and attract private and public investment to generate economic opportunities and access to desirable amenities and services.”

As a condition of Amazon funding, the 66 units will remain affordable for at least 99 years.

“We are so pleased to be a part of the solution by addressing the affordable housing shortage,” said Catherine Buell, Director of the Amazon Housing Equity Fund. “By teaming up with organizations such as Wesley Housing, we are able to help grow the housing stock for moderate- to low-income households as well as support our communities of color whose diverse contributions help make Northern Virginia such a wonderful place to live, work, and thrive.”

Alexandria is currently experiencing an affordable housing crisis, and lost 90% of its affordable housing stock between 2000 and 2017. Consequently, the city has pledged to produce or develop thousands of units to meet 2030 regional housing goal set by the Metropolitan Washington Council of Governments

Via Wesley Housing

Recent Stories

One of Alexandria’s more unique Halloween traditions, a reenactment of Edgar Allen Poe’s 19th-century speaking engagements, is set to return for two nights later this month. Every year, The Lyceum…

It’s a change that likely won’t go noticed by many Alexandrians, but the city is making an adjustment to its manholes that could have an impact on flooding during storms….

Alexandria Police are investigating a report of shots fired last Thursday night in the 700 block of N. West Street in the Braddock area. No arrests have been made, and…

Morning Notes

Shooting Victim Dies After Being Dropped Off at Fairfax County Hospital — “A man is dead after being dropped off at a Fairfax County hospital with a gunshot wound Sunday morning,…

Looking for a more convenient way to work out?

On the Go Fitness Pro offers in home personal training. We bring the gym to you, so you can save time and skip the hassle of going to the gym. Plus, our trainers are certified and experienced, so you can be sure you’re getting the best possible workout.

We provide all the equipment needed for a great workout or we can use the equipment that you have.

Read More

Submit your own Community Post here.

Are you tired of going to the gym? It might be the crowds, the locker room, waiting on equipment or the time it takes to commute to the gym.

Having a personal trainer come to your home will keep you accountable, save you time and allow you to workout in the comfort of your own home.

Skip the hassle of the gym and try our in-home personal training service.

Our services are reasonably priced, convenient, effective and are risk free.

Read More

Submit your own Community Post here.

Think BIG! About the Future of Movement

Join the City of Alexandria and Arlington County’s Initiative to Rethink Energy at our first ever electric vehicle (EV) and sustainable technologies showcase! Get inspired by seeing a variety of electric cars, scooters, bikes, motorcycles, police cars, buses, trucks and

Between Home and the Front: Book Talk and Signing

Join the Smithsonian’s National Postal Museum on Zoom or in person at the museum for a special book talk with the curators behind Between Home and the Front: Civil War Letters of the Walters Family. A book signing will be

×

Subscribe to our mailing list