(July 13, 2016 – Arlington, VA) – AHC Inc., a nonprofit affordable housing developer, partners and City of Alexandria officials celebrated the groundbreaking for St. James Plaza, 93 new affordable apartments adjacent to Alexandria’s Beauregard neighborhood.
The project, located on a portion of a three-acre site previously owned by the St. James United Methodist Church and the Bi-District Office of the Northern Virginia Methodist Church, expects to welcome residents in late 2018. The remainder of the site will have a public landscaped mews and 31 new market-rate townhomes.
“AHC Inc. is delighted to partner with the City of Alexandria again to create housing that is affordable for a variety of individuals and incomes, including working families, senior citizens, and young adults just starting out,” explained AHC President and CEO, Walter D. Webdale.
St. James Plaza will include a mix of efficiencies, one-, two-, and three-bedroom homes. Amenities will include underground parking and a community space where a full day pre-kindergarten program will be offered by the Campagna Center for residents’ children as well as children from the neighborhood. Rents will be affordable to households with incomes ranging from 40% to 60% of the Area Median.
“The St. James Plaza project will provide a valuable affordable housing resource – including deeply subsidized apartments – for Alexandria residents,” said Alexandria Mayor Allison Silberberg. “We are particularly pleased to be working with AHC to create long-term committed affordable units for households in the Beauregard Plan area who may be displaced by future redevelopment. These units will be affordable for at least 60 years.”
In addition to the City of Alexandria, which is providing a loan of $5.7 million to AHC for the project, St. James Plaza partners include Capital One Bank, Hudson Housing Capital, and NeighborWorks of America.
Demolition of the existing buildings is scheduled to begin in the next couple of weeks, with construction of St. James Plaza to start later this year. Designed by Cunningham-Quill Architects, St. James is being built by Harkins Builders.
Photo caption: City of Alexandria officials, including Mayor Allison Silberberg and City Council members; along with project partners Capital One Bank, Hudson Housing Capital, and NeighborWorks America helped nonprofit developer AHC Inc. break ground at St. James Plaza, 93 new affordable apartments in Alexandria, VA.
Founded in 1975, AHC Inc. is a nonprofit developer of affordable housing in the mid-Atlantic region that provides quality homes and education programs for low- and moderate-income families. Based in Arlington, VA, AHC has developed more than 7,000 apartment units in 52 properties in Virginia and Maryland. AHC’s Resident Services program reaches 2,000 children, teens, adults and seniors each year through onsite education programs and activities.