City of Alexandria, Virginia
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MEMORANDUM
DATE: JUNE 4, 2024
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
THROUGH: JAMES F. PARAJON, CITY MANAGER /s/
FROM: HELEN MCILVAINE, DIRECTOR, OFFICE OF HOUSING
DOCKET TITLE:
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Consideration of a Housing Opportunities Fund Loan of Up to $14 Million to Housing Alexandria to Facilitate Completion of the Sanse Apartments (Building One) in Arlandria
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ISSUE: Request for a City Housing Opportunities Fund (HOF) loan of up to $14 Million to Housing Alexandria to help complete construction of the Sanse Apartments (Building One) in Arlandria (Attachment 1).
RECOMMENDATION: That Council approve this installment of the City funding package being provided to Housing Alexandria for Building One of its Arlandria project and authorize the City Manager to execute such documents, as may be needed, to implement the loan.
BACKGROUND: Housing Alexandria (HALX) is building a multi-phase development at the intersection of Mount Vernon Avenue and Glebe Road in the Arlandria section of the city. Over several phases, Building One, named Sanse Apartments, will deliver a total of 416 rental apartments, with more than 25% deeply affordable to households with incomes at or below 40% of the area median income (AMI).
Besides residential units, Building One will also include community meeting space, a plaza and open space for residents and neighbors, and flexible space for use by the health department and various city agencies, like the Department of Community and Human Services (DCHS) and the Office of Housing to bring services to the community. Building Two, branded Naja, will be mixed-use in character, with two stories of commercial space, including neighborhood serving retail, medical and dental clinics, office space for nonprofit entities, and affordable daycare and pre-K programs. Three stories of residential use comprised of 58 ...
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