Buying snow Alexandria

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Buying snow Alexandria

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Alexandria & Elliott

Buying snow Alexandria

Check out these quick links to our Income Limits and Participating Lenders! Neighborhood Stabilization Program: Through this program, the City and its nonprofit partner, Rebuilding Together Alexandria, acquire and fully renovate distressed properties and offer these homes for sale to income-eligible, first-time homebuyers. Buyers are encouraged to secure a first-trust mortgage through a City designated participating lender. For more information, please contact Vicente Espinoza at This program provides a limited number of affordable, resale-restricted units in some newly constructed homeownership developments. Buyers are encouraged to pursue a first-trust mortgage through a City designated Participating Lender. This program helps market resale-restricted units purchased with City assistance. The units are priced at levels affordable to low- and moderate-income first-time homebuyers and have long-term affordability requirements. Visit Virginia Housing to learn more about their services. For additional information, please contact Vicente Espinoza at Click here for a complete listing of the property. For questions regarding this opportunity and qualifying criteria, please contact the listing agent, Mr. Joe Facenda at This charming row house features three finished levels, complete with stainless steel appliances and a fully finished basement and much more. For questions regarding this opportunity and qualifying criteria, please contact the listing agent, Ms. Beverly Tatum at Workforce Affordable Homeownership units are priced at levels affordable to moderate-income first-time homebuyers and have long-term affordability requirements. This loan program provides no-interest, deferred payment downpayment and closing cost assistance to first-time homebuyers purchasing a home through the Affordable Set-Aside Homebuyer Program, Neighborhood Stabilization Program, and Resale Restricted Homeownership Program only. Two income tiers are used to determine the amount of assistance available to participants. Applicants are strongly recommended to receive a mortgage from a Participating Lender. SPARC financing is an allocation; and not a grant or a loan. It does not require repayment. However, SPARC allocations are only reserved for individual homebuyers after the buyer has a ratified sales contract. Those interested should contact the Office of Housing. Click here for additional information on Virginia Housing services. Virginia Housing offers classes for first-time homebuyers on an ongoing basis throughout Northern Virginia. Classes are held in English and Spanish. The program covers personal finance, managing credit, the role of the lender, working with a real estate agent, home inspections, and closing day. The trainings are free, however, registration is required. The next class will be held on:. Please register at this link. If you have attended a previous orientation, you do not need to attend this session. Please email homeownership housingalexandria. Please note that this Housing Alexandria-sponsored orientation is not a substitute for Virginia Housing first-time homebuyer trainings which remain a prerequisite for participation in all City affordable homebuyer programs. To learn about upcoming Virginia Housing trainings, please visit Homebuyer Training. Update: The lottery has been conducted. All lottery participants have been notified of the lottery drawings. A recording of the lottery is available. The application submission period is closed. Eligible participants have been selected for the units. A recording of the completed lottery is now available. Seven affordable condominium units, ranging in size from 1-bedroom to 2-bedroom units, will be available to income-eligible, first-time homebuyers that live or work in the City of Alexandria, VA. One 2-bedroom unit is designed as an accessible unit. Available affordable unit type. Sales Price. Minimum household size. Maximum household size. To qualify, prospective purchasers must:. Maximum household income. Households with two or more members will be given priority for the two-bedroom units. The City accepted applications between March 15 and April 15, at 5 p. Due to high demand, eligible purchasers were selected through lotteries the week of May 6, A separate lottery process will be conducted for the accessible two-bedroom unit. To be considered for the lottery, interested purchasers must have submitted the following documentation by April 15, at 5 p. Applicants should indicate at the time of application if they are interested in the accessible unit. Documents should be emailed to Vicente Espinoza at Vicente. Espinoza alexandriava. The counseling session will be coordinated by Office of Housing once there is a ratified sales contract. This means that selected purchasers will be required to provide share a percentage of their increase in equity at the time they decide to re-sell their unit to another income-eligible homebuyer. The community features a range of amenities, including parking and bike storage, a rooftop terrace, and fitness center. Learn more about the Aidan Old Town amenities. For more information about the application requirements, available downpayment assistance, the lottery process, and obligations of the purchaser, please contact Vicente Espinoza at the Office of Housing at Vicente. Free interpretation and translation services are available upon request. Skip to main content. You're logged in with MyAlex Logout. Homebuyer Resources The Office of Housing provides a range of services to homebuyers, including first-time homebuyer training, reduced interest financing, and access to resale restricted affordable units, in partnership with Virginia Housing. This translation has not been reviewed by the City of Alexandria and may contain errors. Stay informed! Looking for a homebuyer document? Affordable For-Sale Units Neighborhood Stabilization Program Neighborhood Stabilization Program: Through this program, the City and its nonprofit partner, Rebuilding Together Alexandria, acquire and fully renovate distressed properties and offer these homes for sale to income-eligible, first-time homebuyers. Set-aside Homeownership Program This program provides a limited number of affordable, resale-restricted units in some newly constructed homeownership developments. The application period for the Aidan Old Town is now closed. Resale Restricted Homeownership Program This program helps market resale-restricted units purchased with City assistance. Resale Restricted Workforce Homeownership Program Workforce Affordable Homeownership units are priced at levels affordable to moderate-income first-time homebuyers and have long-term affordability requirements. Closing Cost and Downpayment Assistance Flexible Homeownership Assistance Program This loan program provides no-interest, deferred payment downpayment and closing cost assistance to first-time homebuyers purchasing a home through the Affordable Set-Aside Homebuyer Program, Neighborhood Stabilization Program, and Resale Restricted Homeownership Program only. Lender Eligibility To provide City of Alexandria-sponsored SPARC funding, the prospective lender must meet the following criteria: Be a Virginia Housing lending partner and provide homebuyer with a Virginia Housing first trust mortgage that meets their loan requirements; Obtain designation from the City of Alexandria as a Participating Lender. Homebuyer Training Virginia Housing offers classes for first-time homebuyers on an ongoing basis throughout Northern Virginia. The next class will be held on: Saturday, October 19, from a. The 2-bedroom units are square feet. One 1-bedroom unit has a small balcony, and another 1-bedroom unit has a small patio. Condominium fees will be finalized before the signing of each sales contract and are subject to annual increases. Gudiel PearsonSmithRealty. Amenities The community features a range of amenities, including parking and bike storage, a rooftop terrace, and fitness center. Hold on, redirecting Household Size.

Buying snow Alexandria