Built in 1940/ 2009
This parcel was redeveloped as a mixed-income community including a true spectrum of market rate, workforce, and affordable rentals, allowing for 12 affordable rentals, 10 new townhome-style condominiums for moderate income home buyers -workforce housing, and 8 market rate townhomes. An additional 24 rehabilitated affordable units are located on another parcel of land also fronting Old Dominion Boulevard. The affordable rentals receive subsidies from the public housing program and the workforce homes were offered to eligible purchasers at a significant discount 13% below the appraised market value. Buyers who qualified were able to receive additional City subsidies up to $60,000 toward the purchase if they lived or worked in the City. All purchasers were also potentially eligible to receive a one-half percent interest rate reduction through City programs. Restrictions and resale requirements are detailed in the Deed of Covenants and Restrictions for the Community and are administered by the City Office of Housing.
DetailsCOMMUNITY COMPOSITION 134 Affordable Rental Units 159 Market Rate Townhomes 86 Market Rate Multi-family Units FEATURES 5 Blocks from Braddock Road Metro 5 Minute Walk to King Street in Historic Old Town Alexandria 5 Miles from Washington D.C. Next to Charles Houston Recreation Center Walkable to Multiple Riverfront Parks LEED/Earthcraft Certified CONTRIBUTING PARTNERS Alexandria Redevelopment & Housing Authority – Land Sale Proceeds Virginia Housing Development Authority – 9% LIHTC City of Alexandria Boston Capital – Equity Syndicator Eakin Youngentob Associates (EYA) – Market Rate Component Developer
AwardsDelta Associates Award for Excellence: 2013 Best Mid-Atlantic Neighborhood Impact Condominium Community NAHRO 2014 Award of Merit: Successful Use of A Public Private Partnership ULI Award of Excellence: 2014 Jack Kemp Affordable & Workforce Housing Models of Excellence Virginia Governor's Housing Awards: 2013 Best Mixed-Income Project The Great American Living Awards (GALA): 2011 Best Designed Architecture, 2010 Best Green Community, 2010 Most Innovative Infill Neighborhood Best in American Living Awards (BALA): 2013 Gold Award, Neighborhood of the Year