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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.

 

 

Local Leaders Kick Off $100 Million AHC Inc. Affordable Housing Redevelopment in Arlington

(May 31, 2018 – Arlington, VA) With sledge hammers and shovels, local leaders, community members and partners helped kick off the redevelopment of The Berkeley, an aging affordable apartment complex in Arlington, VA.

Arlington-based nonprofit developer AHC Inc. is transforming the outdated property into a new affordable community with 256 apartments – almost doubling the original 137 homes. The $100 million redevelopment, renamed The Apex,  is expected to welcome residents in 2020.

Nearly 50 people helped celebrate the milestone event. Virginia State Delegate Alfonso Lopez, who represents the neighborhood, took the first whack at the building. Former State Senator Mary Margaret Whipple and Arlington County Board leaders Christian Dorsey and Erik Gutshall also participated.

The 4.6 acre project, five years in planning, is significant because it complements Arlington County’s Affordable Housing Master Plan by providing affordable apartments in a neighborhood that has a lower share of affordable housing.

“AHC is excited about building something new in this part of the County that will welcome so many more families looking for a comfortable, modern and affordable home in Arlington,” said Mary Claire Davis, AHC Inc. Director and Berkeley Development Manager.

The redevelopment also includes a broader mix of housing options than most affordable projects. “Along with much-needed affordable housing, we are also adding ‘missing middle’ housing for households that earn 60% to 80% of the Area Median Income (AMI) – a demographic that is having an increasingly tough time finding homes they can afford,” said AHC Board Vice-Chair John Snyder. “We are also including a large number of apartments for families – a real need here in Arlington. Eighty-one percent of the new homes will have two or three bedrooms.”

The new development also complements the Four Mile Run Master Plan with a green design, active outdoor spaces and increased access to the waterfront through additional access points and a much wider pedestrian/bike trail. Reduced impervious surfaces along the stream will minimize run off by 80 percent. The buildings also limit environmental impact by meeting EarthCraft Gold standards.

Other positive community benefits include space for resident services, fitness room, playground and outdoor sport court.

“I want to thank AHC and all of you here for improving the quality of life for countless people and making the dream of what is and should be Arlington more real every day,” said Delegate Lopez.

The project’s financing includes up to $20.9 million in revolving loan funds from Arlington’s Affordable Housing Investment Fund (AHIF). The redevelopment also won $2.5 million in 9% Low-Income Housing Tax Credits (LIHTC), which will provide approximately $24 million in equity financing. The highly competitive federal program, designed to encourage the development of affordable rental housing, is administered through the Virginia Housing Development Authority (VHDA). The project also received approximately $1 million in 4% LIHTC tax credits, which will generate roughly $10 million in equity. NeighborWorksAmerica helped fund pre-development costs.

Project partners include Arlington County; Capital One; Harkins Builders; Hudson Housing; Klein Hornig, LLP; Michael T. Foster Architects; NeighborWorks America; Walter L. Phillips, Shulman, Rogers, Gandal, Pordy & Ecker, P.A.; Virginia Housing Development Authority; and Walsh, Colucci, Lubeley & Walsh, P.C.

Event photos.

Construction Cam

Photo Left to Right: AHC Board members C.C. Jenkins and John Snyder, Virginia State Delegate Alfonso Lopez, Former State Senator Mary Margaret Whipple, Arlington County Board Vice-Chair Christian Dorsey, AHC President and CEO Walter D. Webdale, Arlington County Board member Erik Gutshall, and AHC Board member Wanda Pierce, helped “Knock Down” the Berkeley.  

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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.

 

 

93 New Affordable Apartments Open in Alexandria

Development Also Includes Preschool and Market-Rate Townhomes

(April 16, 2018 – Arlington, VA) Local lawmakers, partners, community supporters and residents joined AHC Inc. to cut the ribbon on St. James Plaza, which delivers 93 new affordable apartments to the City of Alexandria’s Beauregard neighborhood.

Working together, nonprofit developer AHC Inc. and the City of Alexandria successfully transformed three acres previously owned by St. James United Methodist Church into a vibrant, mixed-use, mixed-income community with an onsite pre-school operated by The Campagna Center. Families began moving into St. James Plaza in mid-March.

With affordable housing increasingly difficult to find in Northern Virginia, the St. James Plaza waiting list topped 2,600 people by the beginning of March. According to information published by the City of Alexandria’s Office of Housing, the number of market-affordable rental units in the City of Alexandria has declined 90% between 2000 and 2017.

To help subsidize the cost of the land for the affordable apartment building, AHC Inc. sold half of the site to Craftmark, a McLean-based homebuilding company. Craftmark is building 31 two- and three-bedroom market-rate townhomes adjacent to AHC’s apartment building.

“Finding developable land and putting together the financing to create quality affordable housing is a complex challenge,” said AHC Inc. Board Vice-Chair John V. Snyder. “This project is a living example of how local government, a nonprofit and a market-rate developer can work together to create a welcoming community with a variety of housing opportunities.”

The City of Alexandria approved a $5.7 million development loan to partially fund construction of the affordable building. AHC Inc. also received $19 million in competitive 9% Low-income Housing Tax Credits (LIHTC) equity through the Virginia Housing Development Authority (VHDA) competitive process.

“As housing affordability is harder to find in our region, the City of Alexandria is glad to make investments that help residents secure quality, affordable apartments,” said Mayor Allison Silberberg. “Partnering with nonprofits, like AHC Inc., reflects the City’s commitment to remaining inclusive and diverse by successfully creating mixed-income communities.”

The new development also includes an Early Learning Center, operated by The Campagna Center, with capacity to serve 50 children ages three to five across three classrooms.  The Campagna Center has offered quality educational programming and services in Alexandria for over 50 years. The Early Learning Center will open in September.

“The Campagna Center is excited to launch a new preschool in the Beauregard neighborhood–the second we have placed in an AHC Inc. community — and is eager to build connections with neighbors, local employers, and the nearby community college,” said President and CEO Tammy L. Mann. “Our ability to co-locate a quality preschool within a vibrant, diverse residential community helps families access vital early learning opportunities and extends our impact throughout Alexandria.”

St. James Plaza will include a mix of efficiencies and one- two- and three-bedroom apartments for households with incomes between 40% and 60% of the Area Median Income (AMI). A family of four, for instance, qualifies with a maximum household income between $46,880 (40% AMI) and $70,320 (60% AMI). The rent for a two-bedroom apartment will range from $920 (40% AMI) to $1,447 (60% AMI).

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.

In addition to the City of Alexandria, development partners include Capital One Bank, Hudson Housing Capital, Low Income Investment Fund (LIIF), NeighborWorks and NeighborWorks Capital. Designed by Cunningham-Quill Architects, the five-story building was constructed by Harkins Builders.

St. James Plaza is AHC’s second development in Alexandria. Jackson Crossing, with 78 affordable apartments, opened in 2016 on Route 1 near Potomac Yard.

A third project, in partnership with the Episcopal Church of the Resurrection, is on the drawing board. The Alexandria City Council approved the 113-unit project and a loan of up to $9 million in January 2018.  The project is subject to AHC receiving low-income housing tax credits later this year through the Virginia Housing Development Authority (VHDA).

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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.

Photo: Residents, partners, housing officials and local lawmakers, including City of Alexandria Mayor Allison Silberberg, helped cut the ribbon at the grand opening of St. James Plaza. Photo credit: Nick Crettier Photography

 

NeighborWorks America Helps Build Housing, Resident Services and Organizational Success

 NeighborWorks America (NW) was founded 40 years ago as a grassroots approach to creating better, more affordable homes in places that need them most. Since its Congressional chartering in 1978, the organization has expanded from working with 50 nonprofit organizations to nearly 250 nationwide.

AHC Inc. is proud to have been a NeighborWorks partner since 2001. Since then, we have received $13 million in assistance, which we have leveraged with public and private investment to develop more than 5,000 affordable and workforce housing units.

“Neighborworks America’s steadfast support to AHC Inc. over the last 18 years has significantly impacted AHC’s ability to expand our efforts in creating affordable housing and positively impacting the lives of our residents,” said Stephen Smith, AHC Inc. Executive Vice President. “NW assists AHC to strengthen communities, promote innovation, raise low cost capital and enhance our organization’s sustainability.”

Over the years, NeighborWorks has also significantly helped its nonprofit partners develop programs for residents, including financial coaching, job readiness and placement, healthy housing and access to educational opportunities.

NeighborWorks has supported a variety of AHC’s initiatives to help residents build stronger lives. Currently, NeighborWorks is working with AHC to develop an expanded Financial Capability program to help our residents build assets and start saving so they have more financial stability and are not living paycheck to paycheck. AHC started building a Financial Capability program in Baltimore eight years ago, and the initiative has already significantly improved hundreds of lives. Based on that success and, thanks to NeighborWorks support, AHC is working to replicate those efforts in Arlington.

Along with housing and services for residents, NW also helps its partners build strong and sustainable organizations.  “NW programs promote the professional growth and development of AHC staff and provide critical ongoing technical assistance to AHC – key ingredients to AHC’s organizational success,” said Smith.

Recently, AHC participated in a Peer Exchange with Common Bond Communities (St. Paul, MN) and Eden Housing (Hayward, CA) thanks to NeighborWorks support. Bringing organizations together from different parts of the country provides a valuable opportunity to share strategies and develop constructive ideas.

Photo: Leaders from Common Bond Communities and Eden Housing joined AHC Inc. to exchange ideas during a recent NeighborWorks Peer Exchange.

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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 and Maryland. AHC’s Resident Services program reaches 2,000 children, teens, adults and seniors each year through onsite education programs and activities.

 

Alexandria City Council Approves Development of 113 New Affordable Apartments and Church Building

Partnership between nonprofit housing developer and church will transform two-acre site into 113 affordable apartments and a new church building.

On January 20, 2018, the Alexandria City Council unanimously approved a proposed 113-unit affordable housing development located at 2280 N. Beauregard Street. The project is a partnership between nonprofit affordable housing developer AHC Inc. and the Episcopal Church of the Resurrection.

In addition to the development approvals, the City Council also unanimously endorsed a loan of up to $9 million to help facilitate the project, as well as a grant of $350,000 to provide rental assistance to make 12 units deeply affordable.

The development, which has recently been named “The Spire” in honor of AHC’s successful collaboration with the Church, will utilize a two-acre site that currently includes Resurrection’s church building and associated administrative space, as well as other ministry-related uses, including a food pantry that serves many households on Alexandria’s West End.

The plan approved by City Council will redevelop the site to include an affordable housing building and a new, smaller church.  The parties have agreed that the Church will retain ownership of the land, but will offer AHC a long-term ground lease.  AHC has committed to 65-year affordability term.

“As a faith community, affordable housing is a natural part of our mission. Our congregation has a long history of helping people find shelter,” said Betsy Faga, Chair of the Episcopal Church of the Resurrection’s Redevelopment Committee. “Working together with the community to address this critical need has been rewarding and also re-energizing for our church.”

AHC has worked with its development team, the Church, the City and with the community, including its adjacent neighbor Goodwin Housing of Alexandria, to refine the project concept for nearly three years.

“This project would not be possible without the generosity of the Episcopal Church of the Resurrection and the City of Alexandria’s steadfast commitment to improving housing affordability,” says Walter D. Webdale, AHC Inc. President and CEO.  “Thanks to their determination and leadership, we hope to create 113 high-quality, affordable homes for hardworking low- and moderate-income families.

The development will include a mix of one, two and three-bedroom units, including 12 fully-accessible units, that will serve households with incomes ranging from 40-60% Area Median Income (AMI).

The total development cost of the project is estimated to be approximately $46 million. AHC will apply for low income housing tax credits in an upcoming March competitive application process administered by Virginia Housing Development Authority (VHDA), the state housing financing agency.

The Spire is one of three City-sponsored “leveraged” projects envisioned by its 2012 Beauregard Small Area Plan and will help Alexandria fulfill its pledge to work with nonprofits and private developers to deliver 800 long-term committed affordable units in the Beauregard Corridor over the next few decades to address the potential loss of market affordable units in that area of the City.

Mayor Allison Silberberg and members of City Council heartily thanked and congratulated AHC and the Church for their work on the project, to date, recognizing the Church’s extraordinary commitment to housing affordability and meeting the needs of its neighbors in the Beauregard area.

The Spire is AHC’s third affordable housing development in Alexandria.  Jackson Crossing, a 78-unit project, located near Potomac Yard, completed construction in late 2014 and was fully leased shortly thereafter.

St. James Plaza, on Fillmore Avenue, is under construction. The development will provide 93 affordable apartments for families in early April. Leasing is now underway. Leasing information. A grand opening is planned for Saturday, April 14, 2018, at 8 AM.

Rendering courtesy of Cunningham-Quill Architects.

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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 and Maryland. AHC’s Resident Services program reaches 2,000 children, teens, adults and seniors each year through onsite education programs and activities.