City of Alexandria, Virginia
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MEMORANDUM
DATE: FEBRUARY 7, 2023
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 a Request for a Resolution Designating the Samuel Madden Redevelopment Project Site a Revitalization Area. [ROLL-CALL VOTE]
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ISSUE: Introduction of a Resolution (Attachment 1) designating the Samuel Madden Redevelopment Project Site a "Revitalization Area" pursuant to Virginia Code Section 36-55.30:2.A.
RECOMMENDATION: That City Council:
(1) Approve the resolution designating the Samuel Madden Redevelopment Project Site a Revitalization Area pursuant to Section 36-55.30:2A of the Virginia Code following approval, if granted, of the related land use matters; and
(2) Authorize the City Manager to execute such documents as may be necessary to support ARHA's application for Low Income Housing Tax Credits related to this resolution.
BACKGROUND: ARHA and its development partners propose demolishing the existing Samuel Madden Homes development (built in 1945, and obsolescent to today's living standards) which is comprised of 66 public housing units to construct two multifamily buildings at 899 and 999 N. Henry Streets. The redevelopment proposal is scheduled to be considered by Planning Commission and City Council at their February public hearings. The mixed-use redevelopment concept includes 532 rental units, with more than 60% (326 units) being affordable to households at a range of incomes from 30% to 80% AMI. Besides the affordable and workforce housing, another 206 apartments will be market-rate units. The total development cost for the affordable units is anticipated to be approximately $103 million, for which the planned funding package is expected to include low-income housing tax credit equity, first mortgag...
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