The City of Alexandria Office of Housing is currently assisting with the marketing of two affordable set-aside resale units. The first home is a restricted resale unit at The Exchange at Van Dorn, 4870 Eisenhower Avenue, #104. This unit is available to first-time homebuyers who live or work within the City of Alexandria and who have had no ownership interest in real property for the past three years. The property is a two bedroom, two bath unit with a discounted purchase price and special purchase and resale requirements. The listing agent for this property is Neil Evans with Keller Williams Realty® 571.643.3025 (cell). Click this link for the complete listing.
The second is a Workforce Affordable Homeownership unit at 3911 Old Dominion Boulevard in Alexandria Crossing is available. This unit was constructed in 2010 and is being sold at $299,900. This price reflects an 11% discount below the property’s appraised value. This is a two-bedroom, one bath unit with 1,024 square feet and a low monthly condo fee of $154. Click this link for the complete listing.
Note that this unit is available to households with incomes up to 120% of the area median income ($115,560 for a three person household). However, City purchase assistance is not available to households with incomes between 100% and 120% of the area median income.
General Eligiblity Information:
Households with incomes below 100% of area median income ($96,300 for a three person household) may be eligible for downpayment and closing cost assistance based on income and household size. Please see the attached income guidelines for detailed eligibility information.
For additional information, please call the Office of Housing at 703.746.4990 or visit the Office of Housing’s webpage at www.alexandriava.gov/housing.