AHC Inc.’s Board of Directors is pleased to announce that Paul Bernard has been unanimously selected as the organization’s new President/Chief Executive Officer (CEO). He will join AHC in his new role on April 4.
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.
Generous community members made the holidays brighter for AHC residents of all ages with visits from Santa, Christmas trees, toys, and gift bags.
Waterfront Station II, an innovative mixed-income, mixed-use project in Southwest Washington, DC, will include 450 homes, including 136 units (30%) 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.
AHC Inc. announced it plans to transition its property management services to third-party management companies starting in January 2022. While managing the transition process into the new year, AHC Inc. will continue to focus on its mission to provide quality affordable housing and resident services, while engaging with residents and local leaders to help individuals and communities thrive.
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.
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.
The Montgomery County Planning Board has approved the site plan for a new six-acre mixed-income community at 4010 Randolph Road. The redevelopment, a partnership among AHC, Habitat for Humanity of Metro Maryland, and Interfaith Works, will provide nearly 200 affordable homes, including both rental and homeownership opportunities, at various incomes – including deeply affordable units at 30%, 40% and 50% AMI.
AHC Inc. is breaking ground on the redevelopment of Arlington View Terrace East (AVT), a garden-style affordable housing community located on Arlington’s Columbia Pike, one of the County’s main corridors. The $39 million new construction project will create an expanded, sustainably designed community, which will provide residents with modern conveniences, such as free WiFi, a community room, fitness room, courtyard, and parking garage, as well as advanced green-building systems including roof-top solar.
AHC Inc. has acquired two prime properties in Fairfax County, which will preserve 292 affordable homes on a 16-acre site in the Fort Belvoir/City of Alexandria Route 1 corridor. The acquisition was made in partnership with Virginia Housing and Fairfax County to fulfill their goal of providing safe, affordable homes for the residents of Fairfax County.
This acquisition ensures the preservation of 292 apartments as affordable homes. The properties will provide homes for residents earning between 50% and 80% of the Area Median Income or between $63,000 and $79,600 for a family of four. Affordability will be implemented in a phased approach upon turnover.
