Affordable Homeownership Opportunities in Alexandria, Virginia

by Lee Hernly, Editor

4870 Eisenhower Avenue Alexandria, Virginia

The City of Alexandria’s Office of Housing is currently assisting with marketing the following restricted resale homeownership units:

  1. 3658 Edison Street – this is a three bedroom, one bath rowhome. The restricted price of this unit is $296,103. You may view the complete listing by clicking this link.
  2. 4870 Eisenhower Avenue, Unit 104 – this is a two bedroom, two bath condominium located in the Exchange at Van Dorn Community. Details of this opportunity are located at this link.

The purchasers of these properties must meet the following eligibility requirements:

  • Be a first-time homebuyer (no ownership interest in real estate in the most recent three year period)
  • Live OR work in the City of Alexandria
  • Meet current federal income limits for the program. Click this link to view the current limits for your family size. The income limits appear at the top of the What’s New page.

Eligible purchasers may qualify for up to $50,000 in downpayment and closing cost assistance through the City’s Flexible Homeownership Assistance Program (FHAP). In addition, discounted mortgage financing may be available through the Virginia Housing Development Authority’s (VHDA) Community Homeownership Revitalization Program.

For more information on the City’s FHAP Program, contact the Office of Housing at 703.746.4990 or email shane.cochran@alexandriava.gov.

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