Alexandria non-profit Community Lodging has announced plans to significantly expand affordable housing in Arlandria-Chirilagua with the redevelopment of a 1940s apartment complex.
Elbert Avenue Apartments, a set of three three-story buildings constructed in the 1940s, currently has 28 units affordable for renters making 60% of the Area Median Income (AMI) — the standard applied for evaluating affordable housing. But these buildings are in rough shape after what Community Lodging called years of “Band-Aid fixes”.
In a release, Community Lodging said the plan is to redevelop the site with 96 units available at various levels of affordability.
“The new property, currently proposed to include 96 apartments, would substantially expand Community Lodging’s impact,” the non-profit said. “The project provides a unique opportunity as Arlandria-Chirilagua faces challenges of rent increases and gentrification due to its location near Amazon HQ2 in Arlington and the upcoming Potomac Yard Metro.”
Community Lodging said affordable housing investments are particularly important for Arlandria-Chirilagua’s majority Latinx community where median household incomes are below 50% of AMI and are a “historically underserved and underinvested community.”
Financing for the project is being sought through a housing tax credit program. Households will be accessible for those at or below 60% of AMI. Of the new units, 20% will be dedicated to households at or below 50% of AMI.
Image via Google Maps
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