Affordable Homeownership Opportunity at Quaker Hill Condominiums
The City of Alexandria is assisting with marketing a Resale Restricted Homeownership unit at the Quaker Hill Condominiums. This one-bedroom with den, priced at $243,500 is located at 1100 Quaker Hill Drive, Unit 3011 and available to first-time homebuyers who live or work in the City of Alexandria. Applicants must have a gross annual income below the following limits:
· one person – $76,440
· two person – $87,360
· three person – $98,920
The City of Alexandria can provide a downpayment and closing cost assistance loan of up to $50,000 to qualifying households. Current income and assistance limits can be found here.
Homebuyer Training Classes Scheduled
Start the new year in your first home! Learn how to navigate the homebuying process by attending one of two upcoming workshops sponsored by the City of Alexandria. Workshop attendees will learn about personal finance and credit reporting, how to prepare for homeownership, and the basics of the homebuying process. Presenters include lenders, real estate agents, home inspectors and housing counselors.
Classes are offered at no charge to participants. Completion of one of these workshops leads to a certificate from the Virginia Housing Development Authority (VHDA) and access to below market rate mortgage financing.
The training sessions will be held on January 23 and again on February 27 from 10 am to 4 pm at the Charles Houston Recreation Center, 901 Wythe Street in Alexandria. Registration may now be completed online through the VHDA website.
For more information regarding affordable ownership or rental housing opportunities in the City of Alexandria, visit the Office of Housing webpage or call 703.746.4990.
Behind on Your Mortgage Payments – Free Counseling Services Are Available
Facing a job loss or life change resulting in a loss of income? The City of Alexandria Office of Housing can provide referral services for mortgage default and deliquency counseling as well as other financial counseling services at no cost to the homeowner. These services are provided through a partnership with the nonprofit agency First Home Alliance. For more information or to receive a counseling referral, please contact Shane Cochran with the City’s Office of Housing (703.746.4990).