City of Alexandria, Virginia
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MEMORANDUM
DATE: MARCH 19, 2026
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
THROUGH: JAMES F. PARAJON, CITY MANAGER
FROM: HELEN MCILVAINE, DIRECTOR, OFFICE OF HOUSING
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Consideration of a Resolution to provide a Housing Opportunities Fund Loan of Up to $4 Million to Housing Alexandria to Facilitate Construction of the Naja Building
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ISSUE: Request for a City Housing Opportunities Fund (HOF) loan of up to $4 Million to Housing Alexandria (HALX) to Facilitate Funding for construction of the Naja building, the final phase of the Glebe-Mount Vernon Development in Arlandria (Attachment 1).
RECOMMENDATION: That Council approve a Resolution (Attachment 4) to provide the final installment of the planned City funding package for Building Two of the Glebe-Mount Vernon development redevelopment and authorize the City Manager to execute all documents necessary to implement the HOF loan.
BACKGROUND: Housing Alexandria (HALX) is actively implementing the multi-phase redevelopment on land it assembled at the intersection of Mount Vernon Avenue and Glebe Road. When complete the 3.2-acre site will offer 495 affordable rental units and more than 20,000 square feet of community-serving commercial space, including city flex space to be delivered later this year as part of Phase I. Both the Sanse and Naja buildings are located on a platform above the underground parking garage that will serve residents and other building users.
The project started in October 2024 with significant infrastructure upgrades and site consolidation efforts to modernize utilities and enable higher-density affordable housing and other future development in the area. In addition to predevelopment loans, prior Council actions in 2022, 2023 and 2024 included development approvals and multi-year funding commitments related to land acquisition, infras...
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