FOR IMMEDIATE RELEASE: December 18, 2016
ALEXANDRIA, Va. – Virginia Housing Development LLC, the development arm of the Alexandria Redevelopment and Housing Authority (ARHA), is pleased to announce that ARHA has selected Alexandria Opportunity Housing LLC as the developer partner for the redevelopment of Andrew Adkins and Samuel Madden into mixed-income communities. Alexandria Opportunity Housing LLC is led by Arlington-based CRC Companies LLC.
This is the culmination of an RFP process initiated for the redevelopment of five sites in the ARHA portfolio: Andrew Adkins, Samuel Madden, Cameron Valley, Hopkins-Tancil, and the former ARHA Administrative Building.
The ARHA Board of Commissioners has chosen the Andrew Adkins site to advance first in the redevelopment of the five sites. ARHA and Alexandria Opportunity Housing LLC are kicking off the community engagement process for the redevelopment of Andrew Adkins with a listening session on Sunday, December 18th at 1:30 PM, at Charles Houston Recreation Center.
“This is yet another building block in the commitment ARHA has made to providing viable, affordable housing opportunities to our residents,” said Mr. Roy Priest, CEO of ARHA.
Other members of the Alexandria Opportunity Housing LLC team include Northern Real Estate Urban Ventures and Alexandria-based architect Cunningham | Quill.
"We are thrilled to be working on the redevelopment of Andrew Adkins Homes with ARHA to create a vibrant mixed-income, mixed-use, walkable community," said Xavier Arguello, director at CRC. "As we embark on the next steps of the process, we look forward to engaging with the City of Alexandria, community stakeholders, and neighbors to make this vision a reality."
Please visit www.vhdllc.us/andrewadkins for updates on the redevelopment efforts and future community meetings.
About Virginia Housing Development LLC
Virginia Housing Development LLC (VHDLLC) is the development arm of the Alexandria Redevelopment and Housing Authority. Founded in 2010, our properties have earned national recognition from the Urban Land Institute, Builder Magazine, NAHRO, and other industry leaders for our successful mixed-income housing model. Our unique form of public-private partnerships and gap financing has made us a pioneer in the affordable housing industry. With over $100 million in affordable development experience, VHDLLC has gained recognition as an Experienced LIHTC Developer by the State Housing Finance Agency. For more information, visit www.vhdllc.us.
About CRC Companies
CRC Companies LLC includes a collection of national, award-winning real estate, construction, and asset management firms. Grounded in a 100-year heritage of assured performance, we are operations experts with
deep experience in originating, running, and sustaining large assets for the long term. Together with our related companies, CRC’s diverse portfolio includes more than $7 billion in development experience across residential, retail, mixed-use, commercial, and land developments, and spanning more than 60 projects, 38,000 residential units, 10,000 acres of land, and 50 million SF. For more information, visit www.crccompanies.com.
About Northern Real Estate Urban Ventures
Northern Real Estate Urban Ventures (NREUV) has developed more than 2,000 units of affordable housing and more than 200,000 SF of commercial development with a value of over $500 million. NREUVS’s core competencies include financial analysis, securing project financing, and managing the design and construction phases of real estate development. Led by principal Gina Merritt, NREUV offers tremendous affordable and public housing development, finance, and community engagement experience and maintains close working relationships with many public housing authorities. For more information, please visit www.nreuv.com.
About Cunningham | Quill
Established in 1996, Cunningham | Quill Architects has generated a diverse portfolio of projects that celebrate context and reflect a fresh and insightful approach to design. Specializing in architecture, planning, and urban design, Cunningham | Quill has received more than 67 design awards in the past five years for the firm’s work with residential, commercial, mixed-use, and institutional projects. For more information, please visit www.cunninghamquill.com.
FOR MORE INFORMATION: Alisha Ault, VHDLLC, email@example.com