The Fairlington Presbyterian Church is another step closer to building an affordable housing complex in its parking lot.
City officials announced Thursday they will submit a request early next month for U.S. Department of Housing and Urban Development HOME Investment Partnerships funds for The Waypoint at Fairlington — a four-story, 51,000-square-foot development at 3846 King Street.
The church has been considering development proposals on the property since 2016. The City Council approved the project in 2018.
City officials said the project would not have a “significant impact on the human environment.”
The affordable multi-family building will accommodate residents making between 40%-60% of the area median income. The building is planned for 81 rental units, including three efficiencies, 12 one-bedroom apartments, 49 two-bedroom apartments and 17 three-bedroom apartments.
Council previously approved a $7.65 million subordinate loan for the project, in addition to funding nine project-based rental assistance vouchers. Developer Wesley Housing, which is partnering with the church on the project, also received low-income housing tax credits from the Virginia Housing Development Authority last year.
Alexandria is currently experiencing an affordable housing crisis, and the city has pledged to produce or develop 2,000 affordable housing units by 2025. The city has also agreed to produce an additional 1,950 units by 2030 in order to meet its regional housing goal set by the Metropolitan Washington Council of Governments, which aims for the region to produce 320,000 affordable housing units.
Construction is planned to begin in late summer.
The Notice of Intent Request for Release of Funds and the Notice of Finding of No Significant Impact for the Waypoint at…
Posted by Office of Housing, City of Alexandria, VA on Thursday, April 16, 2020
Images via Wesley Housing
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