Large 2 BR, 2 BA Only $189,422 for Qualified Applicants
The City of Alexandria Office of Housing is now marketing an affordable Resale Restricted Homeownership located at 2500 N. Van Dorn Street, Unit 407 in the Park Place community. This is a large two-bedroom, two-bath condominium unit with a restricted purchase price of $189,422. The unit is beautifully updated and the monthly condo fee includes all utilities as well as access to the pool, fitness center, and many transportation options.
To qualify for this home, buyers must have live or work in the City of Alexandria, be a first-time homebuyer (no ownership interest in the most recent three year period), and a gross annual income below 100% of the area median income.( one person up to $77,250, two people – $88,250 and three person households -$99,300). Eligible purchasers may receive a City shared equity loan of up to $50,000 through the City’s Flexible Homeownership Assistance Program.
This unit is also eligible for reduced rate mortgage financing through the Virginia Housing Development Authority’s Community Homeownership Revitalization Program (CHRP).
For additional information regarding qualifying criteria, please call the Office of Housing at 703.746.4990 or visit the Office of Housing’s webpage at www.alexandriava.gov/housing