The joint venture with Insight Property Group and FCP preserves affordable living opportunities in job-rich, metro-accessible Largo. Town Center
(March 29, 2022 – Arlington, VA) AHC Inc. with partners Insight Property Group and Federal Capital Partners (FCP) announce the purchase of the property formerly known as Camden Largo Town Center apartments for $71.9 million in Largo, MD. Forty percent (98 apartments) of the 245-unit community will be preserved as affordable for 15 years. The community at 9701 Summit Circle will be rebranded Haven Largo.
The opportunity was awarded through Prince George’s County’s Right of First Refusal (ROFR) program, which gives Prince George’s County Department of Housing and Community Development (DHCD) the authority to purchase properties to expand the availability of affordable rental housing in the County.
The commitment ensures that 10% of the property (25 units) are available to households earning up to 60% of the Area Median Income (AMI) and 30% of the property (73 units) are available to those with incomes at or below 80% AMI.
“AHC is delighted to acquire our first community in Prince George’s County in partnership with the County, Insight Property Group, and FCP,” said Mary Claire Davis, AHC Greater Baltimore Director. “We appreciate the County’s commitment to providing long-term rental affordability in such a prime location and look forward to adding programming and services to further enhance the quality of life for our residents.”
Haven Largo is an attractive, well-located garden apartment community in a tranquil setting in a quickly growing submarket in Prince George’s County, MD. The community is minutes from the Largo Town Center Metro Station and the Capital Beltway. Residents of the spacious one-, two-, and three-bedroom apartments have access to major employment centers including the nearby University of Maryland Capital Region Medical Center. Apartment amenities include in-unit washers and dryers, vaulted ceilings, kitchen pantries, and rentable garages. The community has a fitness center, swimming pool, grilling areas, and an outdoor gazebo.
“This multifamily apartment community sits in the heart of downtown Largo, a vibrant and growing retail center,” said County Executive Angela Alsobrooks. “With the new University of Maryland Capital Region Medical Center and the Blue Line Metro Station, downtown Largo is critical for our economic development vision along the Blue Line Corridor. With increasing market demand of rental property, exercising our Right of First Refusal program is not only helping us to protect and expand quality, safe homes that residents of all incomes can afford, but also plays a key role in contributing to the creation and preservation of healthy and inclusive communities where access to opportunity is increased.”
“Insight is thrilled to partner with Prince George’s County, AHC and FCP on this acquisition, where we will be able to create much-needed affordable housing in an exceptional location,” said Tim White, Partner at Insight Property Group.
“FCP is excited to continue investing in our home market with the acquisition of a well-maintained and high performing asset in one of the top submarkets in suburban Maryland,” said FCP’s Scott Reibstein. “As part of our commitment to the preservation of moderately priced apartment communities in the Washington, DC region, we plan to offer resident services and implement affordability requirements to a portion of the units.”
Founded in 1975, AHC Inc. is a nonprofit developer of affordable housing that provides quality homes plus education programs and social services for low-and moderate-income families. Based in Arlington, VA, AHC has developed more than 7,800 apartment units in 50+ properties in Virginia, Maryland and Washington, D.C. AHC’s Resident Services program reaches 3,000 children, teens, adults, and seniors each year. For more information, visit www.ahcinc.org
About Insight Property Group
About Insight Property Group: Insight Property Group acquires and develops mixed-use and residential communities in the Washington Metropolitan area. Since its inception in 2009, it has built a broad portfolio of housing including affordable, workforce, mixed-use and luxury rental communities as well as infill for-sale townhomes. With more than $1.5 billion in investments, Insight has purchased, re-positioned and constructed more than 4,800 residential units and 200,000 square feet of commercial space with another 1,250 units and 120,000 sf of retail in the immediate pipeline. The company is recognized for delivering memorable, neighborhood-centric projects that create strong returns for its partners. For more information, visit www.insightpropertygroupllc.com.
FCP® is a privately held real estate investment company that has invested in or financed more than $9.3 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and mezzanine investments in income-producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. For further information on FCP, please visit www.fcpdc.com
https://www.ahcinc.org/wp-content/uploads/710-2.png451710Jennifer Smithhttps://www.ahcinc.org/wp-content/uploads/AHC_logo_new-norule-red-1-300x229.pngJennifer Smith2022-03-29 13:23:162022-03-29 13:36:50AHC Inc. Acquires First Prince George’s Property to Provide Affordable Housing in Fast-Growing Largo, MD
Waterfront Station II, an innovative mixed-income, mixed-use project in Southwest Washington, DC, will include 450 homes, including 136 apartments (30% of the total units) that will be deeply affordable and available to households earning less than 50% of the area median income (AMI). Half of those will be set aside for households earning less than 30% of AMI. The $179.5 million project was strategically developed so the market units help subsidize the affordable apartments.
The affordable housing units were financed using both 4% and 9% Low-Income Housing Tax Credits (LIHTC). Ninety-four of the total affordable apartments are credited to the 4% LIHTC, while 42 of the affordable units are attributed to the 9% LIHTC. Land acquisition occurred in 2020, with a 99-year ground lease with the District’s Office of the Deputy Mayor for Planning and Economic Development.
Located in the heart of Southwest DC, Waterfront Station II is situated less than one block from the Waterfront Station green line metro stop and three blocks from The Wharf neighborhood. Upon completion, the 12-story, 400,000-square-foot building will provide a mix of market-rate and affordable residences, and dynamic retailers that will serve the community, including a performing arts/theater space; AppleTree Public Charter School, a DC-based early childhood education provider; and a neighborhood restaurant by Good Company Doughnuts, with an additional 7,000 square feet of retail space available for lease.
The new project is creating committed affordable homes in a neighborhood that is rapidly gentrifying. Conveniently located next to the Waterfront Metro station, the new development will enable hardworking families and individuals to put down roots near jobs, transit and other opportunities they might not otherwise be able to afford.
Waterfront Station II, expected to start welcoming new residents in 2023, is a joint venture of AHC Inc., Hoffman & Associates, CityPartners, and Paramount Development. Capital partners include Merchants Capital, Grosvenor Americas, and The Richman Group.
https://www.ahcinc.org/wp-content/uploads/WAterfront-700.webp451700Jennifer Smithhttps://www.ahcinc.org/wp-content/uploads/AHC_logo_new-norule-red-1-300x229.pngJennifer Smith2021-12-09 23:59:032022-03-29 13:34:47Waterfront Station II: Mixed-Income, Mixed-Use Development in Southwest DC
I want to assure you AHC is deeply sorry that some Serrano residents experienced maintenance, pest-related challenges or disrespect by our staff or vendors. I also want to let you know we have made significant progress resolving deferred maintenance and resident concerns, in collaboration with our property management partner Drucker + Falk.
As difficult as this journey has been, we are grateful for the feedback, scrutiny, and candid assessments. As I reported to County leaders in December, “A silver lining has been close reflection on every aspect of AHC’s operations. We have learned many lessons and have taken feedback to heart – in who manages each apartment community, how we plan for capital improvements; how we engage and communicate with residents; the qualities of our next CEO; and how to further diversify and equip our board of directors, staff, and property management partners. Our residents are our North Star. We remain deeply committed to ensuring safe, welcoming, and affordable homes for Arlington neighbors.”
Along with stabilizing Serrano residents, addressing physical repairs, and improving onsite communications, we are making lasting changes at AHC to further raise residents’ voices.
Highlights of Progress at Serrano and AHC since May:
Helped the 44 Serrano families who expressed interest in moving to successfully relocate or return to fully inspected and repaired apartments at the Serrano. (Note: after looking at many options, fully half of the residents decided to return to fully refurbished Serrano homes.)
Helped 1/3 of Serrano residents access rental assistance (more than $700,000 so far)
Paid $150,000+ in rent credits to all residents
Established a voluntary claims process for residents without renter’s insurance
Provided onsite vaccinations, financial literacy program, backpack, and food distribution
Offered all residents onsite inspection by Arlington County – 100% of apartments passed
Third-party air quality testing found no systemic air quality issues
Greatly reduced pest activity; pest control professionals are onsite three days a week to respond immediately to resident concerns
Continued to plan for full renovation in the next few years
Added real-time text messaging with residents
Restarted monthly resident meetings with professional Spanish translator
Expanded bi-lingual staff onsite
Participated in bi-weekly collaboration with tenant advocates
Expanded onsite Resident Services office hours
Our Board has expanded and now includes residents
Hired a bilingual community engagement professional to further raise residents’ voices
Several long-time senior staff have retired
We are ceasing operations of our property management subsidiary in 2022 and transitioning to third-party management companies at AHC-owned apartment communities
Susan Cunningham Interim CEO
October 22, 2021
Dear AHC Residents, Partners, and Supporters,
Over the past few months, we have made significant progress resolving deferred maintenance and resident concerns at The Serrano Apartments, which is under new management by our partner Drucker + Falk. We want to thank each of you for your partnership, honesty, and patience as we work with residents to make every home at The Serrano — and at every AHC apartment community — welcoming and comfortable.
SUPPORTING THE MOST AFFECTED HOUSEHOLDS
We want every resident in the 280 apartments at The Serrano to feel secure and comfortable in their home. Progress includes:
Relocation support. All Serrano residents who expressed interest in moving have successfully relocated to new permanent homes or returned to fully inspected and repaired apartments at the Serrano. Of the 44 families that expressed interest in exploring other homes, about half moved to other communities and half returned to refurbished Serrano apartments. One is still choosing her home. All 31 families who chose to relocate temporarily to a hotel suite are now in their preferred permanent housing: 20 at the Serrano and 11 in other homes.
Rental assistance. Serrano families have accessed more than $600,000 in rental assistance.AHC’s onsite Resident Services team has helped 57 Serrano families access rental assistance so far, and continues to help residents access additional rent relief.
Rent and utility credits. All Serrano households received a one-time credit to apply toward their July rent payment ($500 for studios/one bedrooms, $750 for two-bedrooms, and $1,000 for three-bedrooms). We also simplified utility payments, so residents are billed the same amount based on standard HUD utility allowances. The rates are based on apartment size and are updated by HUD annually. AHC made this change retroactive to July 2020, issuing a rent credit to any residents who paid more than this rate during the previous 12 months.
Reimbursement process. This summer we worked with Serrano residents and tenant advocates to create a voluntary claims process for residents to request reimbursement for any losses they incurred related to past maintenance challenges. Throughout September, tenant advocates, AHC staff and AHC Board members worked with past and present residents to prepare voluntary loss claims. We received claims from 19 households, one is going through the mediation process, three have been fully resolved, and the others are in active review by a third-party adjuster for resolution in the coming weeks.
We are continuing to make near term improvements in the physical plant at Serrano and have launched the pre-development team who will plan (in collaboration with residents) the options and phasing for comprehensive renovation in the next few years. Highlights include:
Inspections. 100% of the apartments inspected by Arlington County passed inspection. The onsite inspection was provided for every resident who expressed interest.
Pests. Mice activity was a key concern, and we are seeing significant progress.We continue to work hand-in-hand with our new pest vendor, residents and staff to inspect and treat the 99% of apartments who have granted access. We have moved from “heightened” to “average” pest activity. Our pest professionals are onsite three times a week to treat proactively and respond immediately to any new concerns.
Air Quality. Arlington County conducted extensive third-party air quality testing this summer and identified no systemic air quality issues, including no airborne asbestos or observed lead paint. We continue preventative maintenance, and unit-specific repairs to further improve air quality, including providing four furnished onsite hospitality suites to make it easier and more convenient for families to temporarily relocate onsite while repairs are being made.
Plumbing Repairs. We continue to work with residents to reduce the disruption from routine plumbing repairs. The building is designed with groups of 5-10 apartments that are affected by a plumbing repair in any one of the apartments. Though water shut offs are typically brief and usually planned, we know they are disruptive to impacted residents and are exploring retrofits to reduce the number of homes impacted each time the water is shut off.
Elevator Upgrades. We have completed routine updates to elevator interiors and updated annual inspections of all four elevators. When elevator work is scheduled, residents are informed by text and paper notice and work is phased to ensure that each building has at least one elevator operating at all times.
IMPROVING COMMUNICATION, TRUST AND PARTNERSHIP
We know this is the key to making sure residents really feel at home and know their voices are heard. We’ve made some good progress, but have more to do. Residents continue to share both suggestions and positive feedback – particularly about our new texting program.
Communication. We have developed several new tools to improve how we stay in touch and listen to residents.Over 85% of Serrano households now receive regular text messages in Spanish and English. To ensure we are listening effectively and hearing residents’ concerns, we hold monthly resident meetings (with English-Spanish translation), focus groups in English and Spanish, and third-party surveys to collect resident feedback. In addition, our Interim CEO has worked onsite at the Serrano several days a week to hear directly from residents.
Resident engagement.Our two onsite Resident Services staff members continue to work with residents to access rental relief funds and onsite programs, including onsite vaccination clinics, backpack distributions, and fresh meal programs. A community fair held in mid-October offered pet checkups and an array of other opportunities in residents’ front yard. Link to short video.
Community partnerships. We are coordinating closely with tenant advocates (VOICE, BU-GATA and NAACP) and Arlington County staff, meeting regularly to identify opportunities for better coordination and communication to best support residents of AHC apartment communities.
STRENGTHENING AHC LEADERSHIP AND GOVERNANCE
Building on lessons from the Serrano, AHC is making structural changes within our organization, to improve our communication and amplify residents’ voices. Our goal is to make sure every resident in every AHC apartment community feels comfortable and welcome in their home.
Amplifying resident voices. This week our Board of Directors added six new members, including two residents of AHC apartment communities. A joint CEO/Board Community Engagement Initiative is lifting resident voices and redoubling our commitment to building strong and diverse communities. Next month we will welcome a dedicated staff member to coordinate community engagement across AHC, ensuring resident and community voice in our decision-making — across resident services programming, communications, real estate development and property management.
Supporting diversity and inclusion.Our Diversity, Equity and Inclusion efforts include intentional conversation and training, from the Board room to the frontline. We are expanding intercultural communication strategies and trauma-informed practices training, to complement existing customer service and conscious bias training.
Hiring a permanent CEO. The AHC Board is partnering with Marcum Search to conduct a national search for our next CEO, with the goal of identifying the next leader in the second quarter of 2022. If you have any questions or referrals to share, please contact Peggy Sand, Marcum Search and Sustainability Consultant at Peggy.Sand@Marcumllp.com
We want to thank our residents, Arlington County, and advocates who have been working with us to make sure that AHC continues to provide the level of service and care that our residents expect and deserve.
David Barsky, AHC Inc. Board Chair Susan Cunningham, AHC Inc. Interim CEO
August 13, 2021
AHC Inc. recognizes that at times during the last few years, living conditions at the Serrano did not meet our high standards. We are sorry for any inconvenience and thank our residents and the community for your patience and partnership as we make things right.
Although Virginia law states that renters are generally responsible for any damage sustained to items inside their homes, we want to do more to help Serrano residents who may have experienced losses.
On August 13, AHC distributed letters to all Serrano residents outlining the process we’ve put in place to reimburse residents if they sustained damage to personal belongings such as furniture or clothing due to pests or maintenance failures at the Serrano or if Serrano management failed to fix a defective condition in their home within a reasonable time after they brought it to management’s attention.
We take the safety and well-being of our residents extremely seriously and we are working to build a better future for residents of The Serrano apartment building, which is owned by AHC Inc. and currently managed by one of our partners Drucker & Falk (D+F). In response to reports from some residents about unacceptable conditions in several units, AHC and D+F are working closely with the Arlington County Housing Commission, county officials, and community organizations, to ensure that residents’ concerns are not only heard but addressed as soon as possible.
We have made significant steps in addressing the challenges at The Serrano, but there is still much that needs to be done. The following is an update about the progress AHC and D+F have already made, as well as upcoming changes and improvements to the building’s infrastructure that are currently being planned at The Serrano.
ADDRESSING IMMEDIATE REPAIRS AT SERRANO
AHC is committed to investing in The Serrano and its future. To date, we have invested $500,000 in 2021 for immediate repairs at the community. AHC has also allocated up to $2 million of its cash reserves to conduct necessary repairs at The Serrano over the next 6 to 12 months.
D+F has hired two pest management companies to comprehensively address the challenges. The primary firm, Environmental Pest, has completed its total seal and treatment of both buildings (12 apartments were not treated due to no access).
A second firm, Orkin, has done a complete walkthrough of the community and confirmed that Environmental Pest’s approach is effectively addressing the property’s needs.
Along with pest treatment, D+F has addressed pest issues by repairing and thoroughly cleaning trash chutes throughout the buildings.
As of May 14, the property’s 600+ convectors were cleaned to industry standards and inspected for proper function (except for 10 apartments due to no access).
AHC and D+F also initiated a second air quality testing on June 16, which has been shared with the County and coordinated with the County’s environmental testing set.
D+F and AHC completed due diligence to inspect convectors to verify proper operation and D+F will replace units that are no longer operational.
By May 14, 2021, D+F completed its full inspection of the kitchen and bath exhaust systems. To date, D+F has replaced two of the exhaust system fan motors located on the roofs and repaired a third.
To further help to improve airflow throughout the buildings, AHC is hiring a firm to test and balance the ventilation system.
AHC’s Construction Management team had a structural engineer review/inspect the balconies.
Having received the structural engineer’s report, we are now soliciting pricing proposals for any recommended work.
D+F has also repaired all identified broken glass panels.
Other recently completed maintenance
AHC and D+F installed new laundry equipment and flooring in laundry rooms.
Completed lighting survey and tree trimming to brighten property exterior. Additional lights are ordered and will be installed this summer.
Installed package delivery lockers to ensure security of delivered packages.
Repaired pool pump.
NEXT STEPS: NEAR-TERM PLAN OF ACTION
120-day repair plan
Based on the completed inspections, D+F is developing a 120-day plan to address individual apartment needs and the overall living environment throughout the property.
Keeping residents informed
D+F completed full inspections of almost all The Serrano apartments (except 20 they were not given permission to enter). By July 15, 2021, each resident will have received a letter with the specific work that will need to be done in their apartment. Residents will be notified at least 48 hours before repairs are scheduled in their apartment.
Accommodating residents during repairs
To minimize the inconvenience while repairs are underway, AHC will make 2 or 3 apartments at The Serrano available as temporary living arrangements. In addition, the community room will also be available for several families to spend the day.
Helping families move, if desired
For residents who choose to move out of The Serrano permanently, AHC and Arlington County are working together to cover the majority of moving costs. Additionally, AHC is waving all fees for ending their lease.
The Serrano residents who want to learn more about this option can call Jeray Wilson of Housing Opportunities Unlimited at 202.977.8099.
Expediting returns to The Serrano
AHC and D+F are expediting repairs for households who were temporarily relocated to hotels by Arlington County.
For any questions regarding this process, The Serrano residents can reach out to Nakia Brown at 703.253.7811 or nbrown(AT)druckerandfalk.com.
Recognizing residents’ inconvenience
To acknowledge the residents’ challenges, we are crediting a payment to each household toward their July rent ($500 for studios/one-bedrooms, $750 for two-bedrooms, and $1,000 for three-bedrooms).
AHC is also providing $200 gift cards to all families who had to move to hotels temporarily so repairs could be completed in their apartments. In addition, families living elsewhere temporarily will not be billed for utilities while they were living off-site.
AHC’S LONG-TERM COMMITMENTS TO ARLINGTON AHC RESIDENTS
Simplifying utility payments
AHC is simplifying the utility system in response to residents’ concerns. Starting August 1, 2021, residents will be billed the same amount each month based on federal guidelines, according to the apartment size. AHC will make this system retroactive to July 1, 2020, which may result in rebates to some families.
The new utility billing system will be explained in more detail at the next resident meeting on Thursday, July 15, 2021.
Amplifying resident voices
AHC will invite two residents, one from Arlington and another from across our portfolio, to join AHC’s 10-member Board of Directors at AHC’s Annual Meeting in October. If you are interested in being considered, please submit your name to endo(AT)ahcinc.org.
We are also committed to improving customer service and re-building trust. As such, D+F will continue holding monthly meetings with The Serrano residents to discuss any questions and concerns.
Customer service is our number one priority. If you are ever less than satisfied with the service you receive at The Serrano or any other AHC apartment community, we hope you will take the time to call AHC’s customer service hotline at 703.271.8425 to register a formal complaint. Our staff will be sure to follow up.
Planning for full-scale renovation
In addition to addressing residents’ immediate concerns, AHC plans to fully renovate The Serrano within the next three years. We will keep everyone updated as we determine exact timing and details.
We value your support and appreciate your patience as we make progress improving the overall living conditions at The Serrano. AHC Inc. is fully committed to making sure our residents have safe, healthy and quality homes. Working together, we know we can and will make The Serrano a wonderful place to live!
AHC Inc. Board of Directors
May 20, 2021
Dear AHC Supporters, Partners and Residents,
We take the safety and well-being of our residents extremely seriously and we are working to build a better future for residents of The Serrano apartment building, which is owned by AHC Inc. and currently managed by one of our great partners Drucker & Falk. In response to reports from some residents about unacceptable conditions in several units, AHC Inc. and Drucker & Falk are working closely with the Arlington County Housing Commission, County officials, and community organizations, to ensure that residents’ concerns are not only heard but addressed as soon as possible.
So, what is AHC doing?
To move forward, we are redoubling our efforts and taking immediate actions to address residents’ top concerns:
AHC Inc. has allocated $1 million to conduct necessary repairs at The Serrano in 2021, in addition to the $3 million we already invested in the property over the past three years. We are planning to invest another $2+ million in near-term capital repairs to improve residents’ living experience at Serrano. To pay for this work, AHC will invest its own funds.
Over the past few days, Drucker & Falk has completed more than half of its 100% inspection of the property (except for the apartments where residents have not provided access) to document and remediate all identified issues. Drucker & Falk is using special software to photograph and document conditions to create individualized action plans for each home and to hold ourselves accountable for the progress.
AHC is working closely with Arlington County to respond to any residents’ interest in alternative living options. AHC is waiving fees and returning resident’s deposits. The County will help move belongings free of charge. More information.
We have hired two pest control companies to treat the entire property. One company is searching and sealing for mice while the other is inspecting and re-checking the work.
To address issues with heating and cooling convectors, AHC Inc. has expedited the spring maintenance schedule. All 639 convectors at The Serrano will be opened and vacuumed with a triple HEPA-filtered vacuum by the end of the month. All grille panels, evaporator pans, screens, and AC coils will be thoroughly cleaned.
To continue building better communications and trust with our residents, Serrano’s new bilingual Resident Services office will be holding monthly bilingual resident meetings. Additionally, AHC Inc. will be administering anonymous surveys to provide residents an opportunity to confidentially convey their concerns, comments, and suggestions. Residents will receive a $25 gift card if they fill out the survey. We will repeat the survey in six months to track progress.
As pandemic restrictions are lifted, we look forward to making these repairs more quickly and will keep you up to date on our progress.
AHC Inc. is 100 percent committed to making sure our residents have safe, healthy and quality homes. We are proud of the 7,800 much-needed affordable homes AHC has created throughout the region, and we will continue to work hard to help our residents build brighter future.
Sincerely, AHC Inc. Board of Directors
https://www.ahcinc.org/wp-content/uploads/Serrano-3-700.png451700Jennifer Smithhttps://www.ahcinc.org/wp-content/uploads/AHC_logo_new-norule-red-1-300x229.pngJennifer Smith2021-05-20 13:43:282022-01-18 15:08:45Building a Better Future for The Serrano
HUD Secretary Fudge, Congressman Beyer, and Alexandria Mayor Wilson toured AHC Inc. affordable housing property The Spire to address the affordable housing crisis and the path to recovery through Biden’s Build Back Better Agenda.
Officials Visit Alexandria Affordable Housing Community to Highlight National Affordable Housing Crisis
For Immediate Release: August 24, 2021
On Friday, August 13, U.S. Department of Housing and Urban Development (HUD) Secretary Marcia Fudge, Congressman Don Beyer (VA-08), and City of Alexandria Mayor Justin Wilson visited AHC affordable housing community, The Spire, as part of a larger discussion about the nationwide affordable housing crisis.
“We are one of the wealthiest jurisdictions in the world, and certainly in America, one of the best educated, and yet there are still many people struggling and living in poverty among us,” said Beyer. “Thank goodness we are choosing as a community to use our resources to invest in housing and other services for these people.”
In Alexandria, The Spire is one of a half-dozen newly built affordable housing developments. The City is working to meet both its Housing Master Plan target of 2,000 committed affordable rental apartments by 2025, as well as its portion of the 2030 regional housing goal set by the Metropolitan Washington Council of Governments, which would require production or preservation of an additional 2,250 affordable and workforce level homes. While this will not meet all the affordable housing needs in the City, it represents an acceleration of the City’s historical rate of affordable housing production.
After touring The Spire’s community spaces and an accessible two-bedroom unit, officials provided remarks on the project and highlighted the Biden administration’s Build Back Better Agenda. As part of this recovery initiative, the creation of two million new affordable and low-income homes is proposed, along with expanding financial resources, including private investment through the low-income housing tax credit program, to support the goal.
“Low-income and affordable housing was a problem before COVID, but it is even a bigger problem now,” observed Fudge. “There is no place in this country today where a person making minimum wage can afford to rent a two-bedroom apartment. We know, we hear, and we understand what’s happening in this country. And I want to thank everybody who had anything to do with this project.”
“It was an honor to welcome Secretary Fudge to Alexandria and have the opportunity to highlight a project that demonstrates the value of community partnerships,” added Wilson. “Affordable housing continues to be a priority for the City and is integral for the success of our community as a whole.”
The Spire opened its doors to residents this past spring, seven years after its inception. In 2014, the Episcopal Church of the Resurrection generously offered nonprofit housing developer, AHC Inc., a parcel of their property as part of their commitment to expanding housing affordability for neighbors in the Alexandria community. Located in the Beauregard neighborhood, The Spire’s 113 apartments offer affordable homes to households with incomes ranging from 30% to 60% of the area median income.
“We are so grateful that Secretary Fudge, Congressman Beyer, and Mayor Wilson came to The Spire to discuss this critical issue that affects so many in our region,” said Interim AHC CEO Susan Cunningham. “We hope projects like The Spire encourage other communities to join together to create affordable housing and pave a way forward for families in need.”
About AHC Inc.
Founded in 1975, AHC Inc. is a nonprofit developer of affordable housing that provides quality homes and education programs for low- and moderate-income families. Based in Arlington, VA, AHC has developed more than 7,500 apartment units in 50+ properties in Virginia, Maryland and Washington, D.C. AHC’s Resident Services program reaches 3,000 children, teens, adults and seniors each year through on-site education, and social service programs and activities. For more information, visit ahcinc.org.
For media inquiries, please contact Celia Slater, Communications Director, at email@example.com or 571-228-5948.
About the City of Alexandria
Founded in 1749, the City of Alexandria is a full-service, independent city in Virginia, with a AAA/aaa credit rating and a national reputation for progressive and responsible government. With a fast-paced business environment, walkable neighborhoods and lifestyle amenities, Alexandria is a world-class destination where businesses and nonprofits choose to be. Alexandria’s ample office space and urban amenities offer room to grow – and value that is unmatched anywhere in the region. Located minutes from the nation’s capital, Alexandria’s old-world charm and cutting-edge innovation are the perfect mix for attracting a diverse community, talented workforce and enthusiastic visitors.
For inquiries from the news media only, contact Kelly Gilfillen, Acting Director, Office of Communications and Public Information, at firstname.lastname@example.org or 571.208.9001.
https://www.ahcinc.org/wp-content/uploads/700-x-451-3.png451700Jennifer Smithhttps://www.ahcinc.org/wp-content/uploads/AHC_logo_new-norule-red-1-300x229.pngJennifer Smith2021-08-24 10:52:162021-08-24 11:02:41HUD Secretary Fudge and Officials Tour Alexandria Affordable Housing Community The Spire
(June 1, 2021 – Arlington, VA ) The Montgomery County Planning Board has approved the site plan for a new six-acre mixed-income community at 4010 Randolph Road. Located on Montgomery County-owned land, the redevelopment is a partnership between AHC Inc. and Habitat for Humanity of Metro Maryland.
The new community will offer nearly 200 affordable homes, including both rental and homeownership opportunities, at various incomes – including deeply affordable units at 30%, 40% and 50% AMI – with 80 hard-to-find three- and four-bedroom apartment homes. The project will also feature an half-acre park with a playground, picnic area, inviting pedestrian walkways, and open lawn areas.
The project includes 27 affordable-for-sale homes, including 24 condominiums and three single-family residences.
The design and development team includes Bonstra Haresign Architects, Parker Rodriguez Landscape Architects, Johnson Bernat Associates (civil engineer), Lerch Early Brewer (zoning attorney), and Kimley-Horn (traffic engineer).
The Planning Board approval enables a groundbreaking in early 2022, with the first new residents expected in 2024.
Founded in 1975, AHC Inc. is a nonprofit developer of affordable housing that provides quality homes and education programs for low- and moderate-income families. Based in Arlington, VA, AHC has developed more than 7,500 apartment units in 50+ properties in Virginia, Maryland and Washington, D.C. AHC’s Resident Services program reaches 3,000 children, teens, adults and seniors each year through on-site education and social service programs and activities. For more information, visit https://www.ahcinc.org/
https://www.ahcinc.org/wp-content/uploads/Randolph-Road-700.png451700Jennifer Smithhttps://www.ahcinc.org/wp-content/uploads/AHC_logo_new-norule-red-1-300x229.pngJennifer Smith2021-12-09 23:12:452022-11-01 18:10:32Montgomery County Approves Site Plan for AHC and Habitat For Humanity Mixed-Income Redevelopment