City of Alexandria, Virginia
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MEMORANDUM
DATE: JUNE 5, 2019
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
FROM: MARK B. JINKS, CITY MANAGER /s/
DOCKET TITLE:
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Consideration of a Loan of $450,000 to Sheltered Homes of Alexandria as Part of a Funding Package to Refinance, Renovate and Preserve Bellefonte Apartments as Affordable Housing
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ISSUE: A loan of $450,000 to Sheltered Homes of Alexandria to complete the funding package to renovate Bellefonte Apartments in Del Ray (Attachment 1).
RECOMMENDATION: That City Council:
1. Approve a loan of $450,000 from the Housing Opportunities Fund, including federal CDBG monies, to Sheltered Homes of Alexandria (SHA) for renovation of Bellefonte Apartments as part of its long-term preservation as affordable housing; and
2. Authorize the City Manager to execute related documents.
BACKGROUND: The Bellefonte Apartments, located at 417 E. Bellefonte Avenue in Del Ray, is a 12-unit apartment complex owned by Sheltered Homes of Alexandria (SHA), a local nonprofit entity that owns housing for adults with intellectual and development disabilities. The property was built in 1979, with financing from VHDA, and rent for the 12 households is subsidized with a federal Housing Assistance Payment (HAP) contract. The HAP contract supplements the difference between what the property's low-income residents can affordable to pay and fair market rents.
The 12 one-bedroom apartments that comprise Bellefonte Apartments are located in two garden-style buildings. In addition to a bedroom and bath, each unit has a kitchen, living room and washer/dryer. Besides the multifamily buildings, the site includes a single-family home that is operated as a group home for other adults with disabilities, and both buildings share green space and a 14-space parking lot accessed from E. Duncan Avenue. The City provides staffing, operational and c...
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