September 13, 2017 — United States Representative Don Beyer recently toured the construction site of St. James Plaza, 93 new affordable apartments in Alexandria, VA. Rep. Beyer represents Virginia’s 8th Congressional District of Virginia, which serves Arlington County, the Cities of Alexandria and Falls Church, and portions of Fairfax County.
Developed by AHC Inc., St. James Plaza will also provide an onsite pre-school program in partnership with The Campagna Center. Along with the affordable apartment building, the three-acre site will also include 31 market-rate townhouses.
The City of Alexandria provided a $5.7 million loan for the affordable apartments. AHC Inc. also received $19 million in competitive 9% Low-income Housing Tax Credits (LIHTC) from the Virginia Housing Development Authority (VHDA).
“St. James Plaza is a great example of a public/private, tax-credit financed affordable housing development in Alexandria’s West End,” said Representative Beyer. “The mixed-use strategy that combines affordable apartments, market-rate townhouses and onsite education provides much-needed housing options and amenities for the neighborhood.”
St. James Plaza will include a mix of efficiencies, one-two- and three-bedroom apartments. Rents will range from 40% to 60% of the Area Median Income. The property will also include underground parking, a fitness center, and a community room for residents. The building will meet the highest EarthCraft environmental certification. Families are expected to move into the building in mid-2018.
Photo caption: Rep. Don Beyer toured the construction site of St. James Plaza in Alexandria, a new project under development by AHC Inc. that will provide 93 affordable apartments and an onsite pre-school in 2018.
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 53 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.