City of Alexandria, Virginia
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MEMORANDUM
DATE: JUNE 7, 2022
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
THROUGH: JAMES F. PARAJON, CITY MANAGER /s/
FROM: HELEN S. MCILVAINE, DIRECTOR, OFFICE OF HOUSING
DOCKET TITLE:
TITLE
Consideration of Predevelopment Loan Requests to Advance Two Affordable Housing Pipeline Projects.
BODY
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ISSUE: Predevelopment Loans for Community Housing Partners' Duke Street project and for CLI's Elbert Avenue project.
RECOMMENDATION: That City Council approve the predevelopment loans for the projects described below, and authorize the City Manager to execute agreements, as necessary, to implement the loans:
1. Community Housing Partners (CHP), 2712 Duke Street ("Witter Place"), $400,000; and
2. Community Lodgings, Inc. (CLI), Elbert Avenue, $400,000.
BACKGROUND: At City Council's February 22, 2022, legislative meeting, and in a follow-up FY 2023 budget memo (https://www.alexandriava.gov/budget-memos/fy-23-budget-qa-045-please-provide-the-affordable-housing-project-pipeline-information), Housing staff presented a pipeline of potential affordable housing projects, including recommendations regarding how the City might advance some new projects while efforts to identify and secure non-City funds to support large, multi-phased projects with development approvals continue. Two proposed pipeline projects, that fit the criteria for predevelopment support, have submitted requests for City predevelopment resources to progress design work and professional studies to inform ongoing development staff review and upcoming community engagement. Both projects incorporate highly desirable deeply affordable housing, are locationally efficient, and help address City strategic housing goals and priorities.
DISCUSSION:
Witter Place
Community Housing Partners (CHP) is a Christiansburg, VA-based nonprofit affordable housing developer founded in ...
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