Are you looking for an affordable housing option in Alexandria, Virginia? If so, you're in luck! There are a variety of co-op housing options available for sale or rent in the city. The City of Alexandria has been working hard to provide its residents with affordable housing options. In March 2022, the city held a Housing Alexandria homeownership webinar with the help of Virginia Housing, the Family Support Center, First Home Alliance, and the Latino Economic Development Center. This webinar was funded by an interest-free loan from the Housing Opportunity Fund and short-term funding from the Virginia Housing Development Authority (VHDA) and permanent funding from BB&T.
HomeAid and its partners also provided discounted services and materials. The properties were later transferred to the Alexandria Housing Development Corporation (AHDC). Deputy Mayor Wilson gave a speech emphasizing the importance of preserving affordable housing as a city priority and a goal of the Housing Master Plan. He also highlighted the 1% reduction in mortgage interest rate available through the Virginia Housing Sponsoring Partnerships Community Revitalization Program (SPARC).In addition, Community Lodgings Inc (CLI) partnered with HomeAid Northern Virginia and four local home builders to renovate seven housing units that provide essential transitional and affordable housing for families emerging from homelessness. First-time homebuyers can also take advantage of programs from Virginia Housing and the City of Alexandria to purchase any home, affordable or not. The Carpenter's Shelter remodeling project meets several important objectives of the Housing Master Plan, such as supporting partnerships with and between nonprofit organizations, providing accessible, family-sized units, and locating affordable housing close to public transportation, jobs, and services.
Friends of Guest House has also been helping more than 4,000 women break the cycle of incarceration since 1974. In accordance with the recommendation of the Master Housing Plan to increase contributions to population density above the density foreseen in the underlying plan for small areas, the project will provide 12 rental units removed from land within reach of households with incomes equivalent to 50% of the Area Median Income (AMI). This funding is made possible by VHDA and applies only to Virginia home mortgages. The City Council also approved a special use permit for construction and VHDA approved a tax request. This preserves Housing Alexandria's interest in maintaining affordability and allows buyers to enjoy real estate capital and benefit from any advantage in the real estate market. If you're looking for an affordable housing option in Alexandria, Virginia, there are plenty of options available. From loan programs to transitional housing units, there are plenty of ways to find an affordable place to live in this city.
Be sure to take advantage of all available resources when searching for your new home!.
