City of Alexandria, Virginia
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MEMORANDUM
DATE: DECEMBER 7, 2021
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 City Grant/Equity Investment of up to $5 Million to the Alexandria Housing Development Corporation (AHDC) to Develop Affordable Mixed Ability Housing, Including 36 Homeownership Units, on Seminary Road.
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ISSUE: Consideration of a City grant/equity investment of up to $5 million to Alexandria Housing Development Corporation (AHDC) to develop a mixed ability housing community, including 36 affordable for-sale homeownership units and three condominium units to be owned and operated by Sheltered Homes of Alexandria (SHA) for individuals with developmental and/or intellectual disabilities.
RECOMMENDATION: That City Council contingent on land use approvals on December 18 including receipt of a positive 9.06 report from the Planning Commission by December 18:
(a) Approve a City Housing Opportunities Fund grant to AHDC of up to $3.9 million (including $250,000 of previously approved predevelopment funds) for the development of 36 affordable housing units;
(b) Approve an additional City equity investment through the transfer of city land valued at $0.8 million to $1.2 million to AHDC to complete its land assemblage for the project;
(c) Approve a City Housing Opportunities Fund grant of up to $1.1 million for construction of the SHA units; and
(d) Authorize the City Manager to execute the grant agreement and negotiate terms for the land transfer which are consistent with the project's affordable housing purposes after all potential non-city funds have been secured.
BACKGROUND: The Seminary Road project involves three land parcels including 4547 Seminary Road, a five-bedroom single-family home owned by SHA and operated as a group home by DCHS; 4555 Seminary Road, a single-fam...
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