There’s nothing unusual in Alexandria financing an affordable housing project, but one specific request from the Alexandria Redevelopment and Housing Authority (ARHA) could set a notable precedent.
The Samuel Madden redevelopment would replace the 66 affordable housing units with a new mixed-use development featuring around 530 units. Two-thirds of those units would be available at various levels of affordability, while the other third would be available at “market rate” –rents without any affordability baked in.