The Arlington County Board allocated $8.23 million in funding to help redevelop AHC Inc.’s Arlington View Terrace apartment community at 1420 South Rolfe Street. The allocation includes a $7.25 million loan from the County’s Affordable Housing Investment Fund (AHIF) and $984,000 of Transit Oriented Affordable Housing (TOAH) grant funds. Located on the eastern end of […]
2019 has been a busy year as AHC continues our mission of developing affordable homes and helping communities thrive. As we approach our 45th anniversary, AHC provides more than 7,500 affordable apartments at 50+ properties in Virginia, Maryland and DC. AHC’s Resident Services programs and community partnerships also continue to grow to better meet the needs of the children, families and seniors we serve. We currently reach more than 3,000 residents each year.
AHC has acquired Brookside View, a 48-unit apartment community four miles east of downtown Gaithersburg in Montgomery County. The approximately $6.1 million total development cost was financed completely with private funds.
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. The $48 million redevelopment is expected to welcome residents in 2021.
AHC Inc., along with partners Jonathan Rose Companies and the Community Development Trust, celebrated the completion of an $8 million renovation of Lafayette Apartments, a large garden-style apartment community in Fairfax County.
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 Arlington-based nonprofit developer AHC Inc. is transforming the outdated property into a new affordable community with 256 apartments – almost doubling the original 137 homes.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 is expected to welcome residents in 2020.
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 preschool operated by The Campagna Center. The site will also include 31 market-rate townhomes constructed by Craftmark. Families began moving into St. James Plaza in mid-March.
NeighborWorks America (NW) was founded 40 years ago as a grassroots approach to creating better, more affordable homes in places that need them most. 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.
The Alexandria City Council unanimously approved a proposed 113-unit affordable housing development – a partnership between 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.
In 2017, AHC worked on 13 different development projects to produce nearly 1,800 new, preserved or renovated quality affordable apartments for low-income families, senior citizens, young professionals and hardworking individuals in Virginia, Maryland and Washington, DC.
