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Alexandria Housing Development Corporation Annual Report 2018 Building and Preserving Affordable Housing in Alexandria

Celebrating an outstanding youth award winner and his family at The Station, 2017.

LETTER FROM THE DIRECTOR

As we reflect on this past year, Alexandria Housing Development Corporation (AHDC) celebrates it’s growth, partnerships, and organizational sustainability in 2017. AHDC believes that affordable housing is at the nexus of many issues facing our city today, and we are proud to be part of the solution.

In 2017, AHDC paved the way for an additional 171 units of affordable housing construction, in addition to the renovation (and long-term preservation) of 44 existing affordable apartments. These homes will provide financial stability, a sense of community, and other valuable resources to their residents. AHDC is also proud to have won substantial tax credit and State and National trust fund awards to build these properties.

AHDC has grown as an organization to meet these needs. In addition to the hiring of three new staff members, AHDC has supported an AmeriCorps VISTA member and paid graduate-level summer interns to develop our programs, expand our perspectives, and tell our story. We implemented our Strategic Plan to guide us forward, and have integrated data analysis into all our decision making.

Most importantly, we made partners in our community. AHDC works with the City, faith based groups, market rate developers, gardening and wellness experts, local non-profits, and our residents to see our vision come to life - that all may live and thrive in Alexandria.

We hope that you’ll continue to support AHDC and affordable housing as we work towards making our city and region a more affordable place to call home.

- Jonathan D. Frederick, Executive Director

Santa Breakfast 2017

MISSION MILESTONES

1.

AHDC formally adopted our new strategic plan, “Vision 2020.” This plan lays out our four priorities: Affordable Housing Development, Sustainable Communities, Sustainable Organization, and Residential Services.

2.

AHDC received over $4 million in LIHTC credits for multiple developments in 2017, totaling over $40 million in equity: The Gateway, a mixed-use development project, and Lacy Court Apartments, a garden- style complex in Del Ray that will undergo full renovation. AHDC also won $1.6 million in state and national Housing Trust Fund awards for The Bloom.

3.

97 apartments at The Bloom and 74 apartments at The Gateway are underway, which will double AHDC’s housing stock by 2020. 10 of these units will be permanent supportive housing at The Bloom, run in conjunction with Carpenter’s Shelter. AHDC will also renovate 44 existing affordable homes at Lacy Court, bringing the total number of units under construction to 215.

4.

AHDC added three full-time and one part-time staff members in 2017, reflective of the continued and growing need for affordable housing in our city and AHDC’s ability to tackle this problem. Construction of AHDC’s units also adds construction, property management, and other related jobs to the local economy.

Thanksgiving AHDC Resident Potluck

OUR RESIDENTS

The Bloom/Carpenter's Shelter Redevelopment

WHAT'S NEXT

As we entered 2018, AHDC had 171 units in pre-development or under construction, 44 in renovation, and several projects on the horizon:

The Gateway: AHDC will add 74 units of affordable housing to this market rate development at King and Beauregard.

The Bloom: In partnership with Carpenter’s Shelter, AHDC will build 97 units of affordable housing over the purpose-built shelter facility.

Lacy Court: AHDC’s commitment to keeping affordable housing affordable includes this renovation of Lacy Court to create modern, energy efficient units in the heart of Del Ray.

Future partnerships: AHDC is in the early stages of work with new partners in the city: market rate developers, faith-based groups, and non-profits serving the city’s most vulnerable.

OUR LOCATIONS

AHDC Rooftop Community Garden

THE NEED FOR AFFORDABLE HOUSING

1. City of Alexandria Office of Housing
2. National Low Income Housing Coalition "Out of Reach" Report, 2017
3. City Of Alexandria "Community Livability Report," 2018.

See the full report: housingalexandria.org/annual-reports

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