City of Alexandria, Virginia
________________
MEMORANDUM
DATE: JUNE 20, 2023
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
THROUGH: JAMES F. PARAJON, CITY MANAGER /s/
FROM: HELEN S. MCILVAINE, DIRECTOR, OFFICE OF HOUSING
DOCKET TITLE:
TITLE
Consideration of a Request for a City Housing Opportunities Fund Loan of an additional $2,100,000 to Alexandria Redevelopment and Housing Authority for the Samuel Madden Redevelopment Project.
BODY
_________________________________________________________________
ISSUE: Consideration of a request from Alexandria Redevelopment and Housing Authority (ARHA) for a City Loan of an additional $2,100,000 for the Samuel Madden Redevelopment Project (Attachment 1).
RECOMMENDATION: That City Council:
1. Approve ARHA's loan request for an additional $2,100,000 for the Samuel Madden Redevelopment Project; and
2. Authorize the City Manager to execute the loan agreement and such documents as
may be necessary to indicate the City's support for ARHA to implement the Samuel Madden Redevelopment Project
BACKGROUND: The Alexandria Redevelopment and Housing Authority has requested an additional $2,100,000 to support the redevelopment of Samuel Madden Homes, a garden-style apartment community comprised of sixty-six public housing units built in 1945. ARHA has entered a development partnership with Fairstead, Millcreek Residential, and The Communities Group to redevelop Samuel Madden Homes into a mixed-income, mixed-use development across two buildings with a total of 532 apartment homes, ground floor retail, an ALIVE! Food Hub, as well as a preschool operated by Hopkins House Preschool Academies. The development application for this project, as well as a $1,000,000 loan request from the City's Housing Opportunities Fund (HOF), was approved by City Council on February 25, 2023.
DISCUSSION: In May 2023, ARHA submitted a HOF loan request for an additional $2,100,000 to fund the construction of the north building. The...
Click here for full text