City of Alexandria, Virginia
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MEMORANDUM
DATE: FEBRUARY 3, 2016
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
FROM: MARK B. JINKS, CITY MANAGER /s/
DOCKET TITLE:
TITLE
Consideration of a Predevelopment Loan to AHDC for a Mixed Use Development, Including a New Shelter Facility and Affordable Housing, at the Carpenter's Shelter Site.
BODY
ISSUE: A predevelopment loan to the Alexandria Housing Development Corporation (AHDC) for a joint project with Carpenter's Shelter to redevelop the Carpenter's Shelter site.
RECOMMENDATION: That City Council:
(a) Approve a predevelopment loan to AHDC of up to $500,000 for a proposed redevelopment of the Carpenter's Shelter site to provide a new shelter and related administrative and case management space; 10 units of permanent supportive housing for households transitioning out of the shelter; and approximately 100 affordable and workforce apartments, all above underground parking; and
(b) Authorize the City Manager to execute documents related to the predevelopment loan.
BACKGROUND: AHDC and Carpenter's Shelter, two City-based nonprofit housing organizations, are collaborating on a proposal to redevelop Carpenter's Shelter's existing .82 acre property located at 930 N. Henry Street in the Braddock Metro Neighborhood Plan area. Pursuant to a Memorandum of Understanding between the parties, AHDC is acting as the developer for this joint venture and will acquire development rights for the affordable/workforce rental housing from Carpenter's Shelter pursuant to a third party appraisal.
A preliminary early-stage concept vetted with the City includes underground parking, a first floor level that will include a new shelter facility, related administrative and case management space, and 10 units of permanent supportive housing, to be topped with five stories of rental housing affordable to incomes ranging from 40% to 60% of the area median income (AMI) (Attachment ...
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