AHC Inc., Episcopal Church of the Resurrection and City of Alexandria Break Ground on $48M Affordable Apartment Community in Alexandria, VA

(June 18, 2019 – Arlington, VA) Gathered together below the church’s towering steeple, leaders of the Episcopal Church of the Resurrection, the City of Alexandria and nonprofit developer AHC Inc. broke ground on The Spire, 113 new affordable apartments for low- and moderate-income families in Alexandria’s West Beauregard neighborhood.

“This is a really exciting project that will provide affordable homes for some of our most vulnerable population near a brand new transit system and jobs,” said City of Alexandria Mayor Justin Wilson. “We wouldn’t be standing here today if not for the selfless act of a congregation that looked outside their walls and asked what they could do for the community at large.”

Seven years in the making, The Spire is becoming a reality thanks to ECR’s mission-driven generosity. By a nearly unanimous vote, the congregation voted to make a lasting difference to the community by transforming their two-acre plot of land into a combination of affordable housing and worship space.

“Ours is a church that works together,” said Reverend Jo Belser. “It has really taken the whole community to make this possible. And we are really proud of what we have accomplished together.”

The Spire will include a mix of one-, two- and three-bedroom apartments, including 12 fully accessible homes, that will serve households with incomes ranging from 30 to 60% AMI. It will also include Universal Design features and achieve EarthCraft Gold certification.

“Thanks to a wonderful partnership – the leadership and commitment of the Episcopal Church of the Resurrection, the ongoing support of Alexandria’s Mayor and City Council, and the steadfast efforts of the City’s Office of Housing – we are delighted to break ground on homes that will be affordable for hard-working families in need,” said John Welsh, AHC’s Vice President Multifamily Group.

The $48.3 million affordable apartment development successfully competed for a variety of local, state and national funds, including $23 million in tax credit equity from the Virginia Housing Development Authority (VHDA), a $9.9 million loan from the City of Alexandria, a $1.3 million loan from Virginia/National Housing Trust Funds, and a $500,000 loan from the Federal Home Loan Bank of Atlanta.

Other sources include a $11.5 first trust loan from Capital One and Freddie Mac and $500,000 from NeighborWorks America. The City of Alexandria also provided a rental assistance grant of $350,000 to make 12 apartments deeply affordable.

The Spire, designed by Cunningham-Quill and constructed by Harkins Builders, will welcome families in 2021.

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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 50+ properties in Virginia, Maryland and Washington, DC. AHC’s Resident Services program reaches 3,000 children, teens, adults and seniors each year through onsite education programs and activities.