City of Alexandria, Virginia
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MEMORANDUM
DATE: JUNE 25, 2026
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
THROUGH: JAMES F. PARAJON, CITY MANAGER
FROM: ASPASIA XYPOLIA, ACTING DIRECTOR, OFFICE OF HOUSING
DOCKET TITLE:
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Consideration of a Resolution Authorizing the Issuance of Revenue Bonds by the Alexandria Redevelopment and Housing Authority (ARHA) for the CLI New Elbert LLC Elbert Avenue Project. (Not a Public Hearing Item)
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ISSUE: Consideration of a Resolution authorizing the issuance of revenue bonds by the Alexandria Redevelopment and Housing Authority (ARHA) in an amount not to exceed $16,000,000 to CLI New Elbert LLC to finance and refinance certain costs of the acquisition, redevelopment, construction, and equipping of a 91-unit affordable apartment community located at 3908 Elbert Avenue in the City of Alexandria, Virginia.
RECOMMENDATION: That City Council receive and adopt the attached Resolution (Attachment 1), as recommended by ARHA.
BACKGROUND: Community Lodgings, Inc. (CLI) is a nonprofit affordable housing developer and operator with a long track record in Alexandria. The Elbert Avenue Project will redevelop 3908-3916 Elbert Avenue in the Arlandria neighborhood, replacing an existing 28-unit committed affordable property with a new 6-story building containing approximately 91 affordable apartments and a total floor area of approximately 127,000 square feet. The project will serve households with incomes ranging from at or below 30% to 60% of the Area Median Income (AMI), consistent with the affordability requirements of the Residential Multifamily (RMF) Zone under which it received land use approval.
The project advances the recommendations of the 2020 Arlandria Chirilagua Plan Update to preserve, improve, and expand housing affordability in partnership with community-based organizations. In addition to the deeply affordable rents, the ...
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