ARLINGTON, Virginia., March 3, 2021 / PRNewswire-PRWeb / – More Affordable Housing Comes to the Alexandria and Fort Belvoir region, thanks to an affordable housing developer AHC inc., which today announced the acquisition of two premier properties. The acquisition was made in partnership with Virginia Housing and Fairfax County to achieve their goal of providing safe and affordable housing for residents of Fairfax County.
This acquisition ensures the preservation of 292 apartments as affordable housing. The properties will provide homes to residents earning between 50% and 80% of the region’s median income or between $ 63,000 and $ 79,600 for a family of four. Affordability will be implemented in a phased approach upon rollover.
“Fairfax County is committed to ensuring no net loss of affordability. To achieve this preservation goal, partnerships with the development community and financial institutions are essential, ”said the director of the Housing and Community Development Department. Tom fleetwood. “We are very pleased that AHC and Virginia Housing have taken the first steps to help us achieve this goal by preserving existing affordable market units along Richmond’s rich highway corridor.
One of the properties, currently known as Haven Mount Vernon, is located at 5401 Claymont Drive in Alexandria, while the other, known as Haven Fort Belvoir, is located at 9190 Richmond Highway in Fort Belvoir. The two properties will be renamed Landings I and Landings II, respectively.
Both communities will undergo moderate upgrades, including repairs to siding and sidewalks, in addition to partial HVAC and water heater replacements. Easier access to the rental center, as well as a new roof will be implemented at Landings I, while window repairs will be carried out at Landings II. Further renovations will take place in both buildings over the next 10 years.
“Preservation is an important aspect of Virginia Housing’s mission, and AHC is to be commended for preserving some of the from Fairfax County much-needed affordable housing stock along the Highway 1 corridor, said Virginia Housing CEO Susan dewey. “Virginia Housing remains focused on working with our partners to increase the amount of quality affordable housing available to our citizens, particularly in Northern virginia. In collaboration with AHC, Fairfax County and our other partners, we are making great strides towards our goal. “
Occupying nearly 12 acres of land, Landings I will offer 216 apartments with 168 two bedrooms and 48 one bedroom. Landings II is located on approximately four acres and will include 76 residences with 12 studios, 42 one-bedroom apartments, and 22 two-bedroom apartments.
Both communities will offer a number of amenities to their residents. Landings I will include a business center, gym, clubhouse, swimming pool, children’s play area and picnic area, while Landings II will have an on-site dog park, children’s play area, games and a fitness center.
“I am committed to preserving and adding affordable housing and workforce housing in the Richmond Freeway corridor as well as our many other new developments,” said Mount Vernon District supervisor Daniel Storck. “This new acquisition is an important step not only to preserve, but also to improve and strengthen the affordable housing stock we already have in the district for our residents.”
AHC Inc. financed the properties with loans from Virginia Housing and Fairfax County, as well as an AHC loan. The project also used funds from the Virginia Housing REACH grant for housing near Amazon’s new headquarters.
“We are delighted to partner with Virginia Housing and Fairfax County to help resolve the current affordable housing crisis in our state, ”said AHC Inc., Vice President of Multifamily Development, John Welsh. “Currently, there are a lot of working families who work in Alexandria and Fort Belvoir but do not live here because of the lack of affordable housing for them. Tiers I and II will provide essential affordable and moderately priced housing, located near employment centers and convenient transportation options. Landings I and II will connect well with from Fairfax County Get on the Richmond Highway. “
With the new acquisition, AHC Inc. has preserved or produced over 1,100 quality homes for low and moderate incomes Fairfax County residents.
AHC Inc. will also welcome 113 families later this month to a brand new affordable housing community in Fairfax County called The arrow, which is already accepting applications.
About AHC inc.
Founded in 1975, AHC inc. is a non-profit affordable housing developer that provides quality housing and education programs to low and moderate income families. Situated at Arlington, Virginia, AHC has developed more than 8,000 apartments in more than 50 properties in Virginia, Maryland and Washington DC The AHC Resident Services Program reaches 3,000 children, adolescents, adults and seniors each year through on-site education and social service programs and activities. For more information visit https://www.ahcinc.org/.
About the Fairfax County Redevelopment and Housing Authority (FCRHA)
FCRHA serves over 18,000 residents through various rental housing assistance and first-time home purchase programs; and owns and operates nearly 4,000 housing units – including multi-family housing, senior housing, licensed assisted living and specialized housing for tenants with varying needs. The FCRHA also supervises and administers from Fairfax County land use planning programs and the investment of local funds as well as state and federal grants to increase and / or preserve the county’s affordable housing stock. For more information visit http://www.fairfaxcounty.gov/housing.
About Virginia Housing
When homes are affordable and accessible to jobs, good schools, and transportation, everyone benefits. Individual lives are improving and communities as a whole are strengthening. Virginia Housing was established in 1972 by the General Assembly to help Virginians obtain affordable, quality housing. We accomplish this mission by working in public-private partnerships with local governments, community service organizations, lenders, real estate agents, developers and many more. We provide mortgage loans to first-time home buyers, as well as financing for apartment communities and neighborhood revitalization efforts. We offer free classes for home buyers, support housing advice, and help people with disabilities and the elderly make their homes more liveable. We also administer the Federal Home Choice Voucher and Home Loan programs in Virginia. Virginia Housing is self-sufficient and receives no state taxpayer dollars to fund our programs. Instead, we raise funds in the capital markets and contribute a significant portion of our net income each year to help meet the that of Virginia most difficult housing needs. http://www.virginiahousing.com.
Stephanie Grau, AHC Inc., 954-379-2115 x 111, [email protected]
SOURCE AHC Inc.