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Housing Alexandria sets timeline for affordable homeownership program.

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In a significant stride toward providing quality affordable ownership housing, Housing Alexandria announces key milestones in its Seminary Road Affordable Homeownership Program construction and sales timeline. The program will provide a shared-equity homeownership model that will allow families earning up to 80% of the Area Median Income to purchase a home and enjoy the benefits of homeownership.

The following contains information both about the construction process and our community meeting for development neighbors, as well as information for interested buyers in this program.

Estimated Construction Timeline and Construction Meeting Information:

  • Construction Start (demolition and site work): January 2024
  • Townhome Construction Start: May 2024
  • Condo Building Construction Start: July 2024
  • Townhome Construction Completion: October 2025 
  • Condo Building Construction Completion: November 2025

Housing Alexandria hosted a virtual meeting on January 9th, 2024, to discuss the construction site policies and neighborhood impacts. To view a recording of that meeting, please click here. (YouTube)

Estimated Sales Timeline:

  • Buyer Selection Begins: Early 2025
  • Home Sales Start: Around October 2025

Homeownership Buyer Readiness Process:

Housing Alexandria will host its first shared equity homeownership program orientation in the Spring of 2024. Subsequent orientations will be held monthly, providing essential information about the homeownership process and Housing Alexandria’s approach. This system allows approximately 12 months for potential buyers to prepare before the selection process commences in early 2025.

Potential buyers are encouraged to stay informed, connect with Housing Alexandria, and take preparatory actions to secure a spot in this groundbreaking homeownership initiative. Housing Alexandria encourages all interested homeowners to fill out this survey that will help them assess where they are in the homeownership readiness process and join our interest list at the bottom of this page. Interested buyers can also see our first kick-off meeting recording for more information: you can click here to watch it on YouTube (Amharic | Spanish).

Estimated Sales Prices:

  • 2BR Condo: $275,000 (5 total homes)
  • 2BR Town: $325,000 – $350,000 (16 total homes)
  • 3BR Town: $350,000 – $380,000 (15 total homes)

To be eligible for the Seminary Road Affordable Homeownership Program, individuals must:

  • Live or work in the City of Alexandria
  • Have a household income less than 80% of the Area Median Income (AMI). In 2023, the approximate income of a mathematical 80% AMI for a family of four was $120,000. More information about AMI can be found on our website.
  • Be a first-time homeowner (no ownership of a home in the last three years)
  • Occupy the home as a primary residence

Housing Alexandria Homeownership Program Readiness Survey

We need your help! Please fill out the following survey to help us understand your interest and readiness level for our homeownership program. After you fill out the survey, you'll be able to see your answers and will be provided a series of links to start exploring the next homeownership steps. We encourage you to print your answers or write them down for your future use.

Name(Required)
Please check which of the following steps you have STARTED for a homeownership journey:(Required)
Please note: none of these steps are required to be completed ahead of joining Housing Alexandria’s Shared Equity Homeownership Program. They will be required of all buyers before they can purchase a home with Housing Alexandria. These questions are designed to help us assess program strategies for the upcoming year.
Please check which of the following steps you have COMPLETED for a homeownership journey:(Required)
Please note: none of these steps are required to be completed ahead of joining Housing Alexandria’s Shared Equity Homeownership Program. They will be required of all buyers before they can purchase a home with Housing Alexandria. These questions are designed to help us assess program strategies for the upcoming year.
Will you meet program eligibility requirements by the year 2025? Check all that apply:
You can learn about what the current 80% of AMI threshold is on our website, at www.housingalexandria.org/all-about-ami/
If you are not on Housing Alexandria's homeownership interest email list already, would you like to be added to it?
Consent(Required)

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Learn more about our Seminary Road development plans

Seminary Road Affordable Homeownership Development (2024)
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Learn all about how Area Median Income works

All About AMI
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