A $20 million bond financing agreement by the Alexandria Redevelopment Housing Authority (ARHA) for the second phase of an Old Town affordable housing project is set to move forward.
City Council unanimously approved the bond agreement on Dec. 13, which will support the conversion of the 4.76-acre, 244-unit mixed-income “Heritage at Old Town” complex into three buildings with approximately 750 apartments across three blocks, according to a Nov. 24 board report from ARHA.

