Saturday, August 15, 2009

Alexandria Workforce Housing Opens Sales Today


Developer EYA will hold a grand opening today for Alexandria Crossing, its workforce housing project in Alexandria, Virginia. These new homes will be priced from $300,000 to $365,000, and will include as much as $20,000 in purchase assistance subsidies from the City of Alexandria's Moderate Income Homeownership Program. Employees of the city and its public school system are eligible for an additional $10,000 in assistance from the city.

Applicants must live or work in Alexandria, and qualify as a first-time homebuyer with an income of less than $71,900 (for an individual) and less than $102,700 for a family of 4. The project is located between Mt. Vernon Avenue and W. Glebe Road - in the words of the developer, "walking distance to countless restaurants and shops."

The 18 new townhouses being offered are part of 102 units of new and converted housing that EYA is building at the site.

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