Flexible Homeownership Assistance Program (FHAP)

Flexible Homeownership Assistance Program (FHAP) is sponsored by City of Alexandria Office of Housing. The Flexible Homeownership Assistance Program (FHAP) assists lower-income first-time homebuyers in the City of Alexandria by providing financial assistance for down payments, principal reduction, and/or closing costs.

Homebuyer Resources | City of Alexandria, VA You're logged in with MyAlex | Logout 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. Page updated on August 6, 2026 at 12:58 PM X WARNING: You have chosen to translate this page using an automated translation system.

This translation has not been reviewed by the City of Alexandria and may contain errors. Looking for a homebuyer document? Check out these quick links to our 2026 Income Limits and Participating Lenders !

Homeownership Opportunity at 4 South Van Dorn Street NEW! The City of Alexandria Office of Housing is marketing a resale-restricted condominium unit at 4 South Van Dorn Street, Unit 603, Alexandria, VA 22304 . The one bedroom/one bath, 750 square foot unit is listed at a reduced price of $193,896 and is part of West End Condominiums.

This unit includes a private balcony, granite countertops, and a spacious dining area. Amenities include a swimming pool, laundry facilities, community center, and fitness center.

To qualify for this home, purchasers must be first-time homebuyers (defined as not having held a homeownership interest in the past three years) who live or work within the City’s corporate limits and have a total (gross) household income at or below 100% of area median income ($116,300 for a one-person household, $132,900 for a two-person household, $149,500 for a three-person household, $166,100 for a four-person household).

Eligible purchasers may receive a City shared equity loan up to $50,000 through the City’s Flexible Homeownership Assistance Program. This home is also eligible for reduced mortgage interest rate financing through the Virginia Housing (VH) Sponsoring Partnerships & Revitalizing Communities (SPARC) program.

To qualify for SPARC and/or City financing, participants must complete a Virginia Housing-sponsored homebuyer training class, followed by an individual counseling session. Click here for additional information on Virginia Housing services. For questions regarding this opportunity and qualifying criteria, please contact the listing agent, Carla Moore at carlamoorerealtor@gmail.

com / 703. 994. 0508 or the Office of Housing at 703.

746. 3092. Homeownership Opportunity at 3702 Valley Drive NEW!

The City of Alexandria Office of Housing is marketing a resale-restricted condominium unit at 3702 Valley Drive, Alexandria Virginia, 22302 . The one bedroom/one bath, 760 square foot unit is listed at a reduced price of $324,900 (previously $335,000) and is part of Parkfairfax community. This unit includes a patio and in-unit washer and dryer.

Amenities include pools, tennis and basketball courts, playgrounds, and an exercise room.

To qualify for this home, purchasers must be first-time homebuyers (defined as not having held a homeownership interest in the past three years) who live or work within the City’s corporate limits and have a total (gross) household income at or below 100% of area median income ($116,300 for a one-person household, $132,900 for a two-person household, $149,500 for a three-person household, $166,100 for a four-person household).

Eligible purchasers may receive a City shared equity loan up to $50,000 through the City’s Flexible Homeownership Assistance Program. This home is also eligible for reduced mortgage interest rate financing through the Virginia Housing (VH) Sponsoring Partnerships & Revitalizing Communities (SPARC) program.

To qualify for SPARC and/or City financing, participants must complete a Virginia Housing-sponsored homebuyer training class, followed by an individual counseling session. Click here for additional information on Virginia Housing services. For questions regarding this opportunity and qualifying criteria, please contact the listing agent, Lisa McCaskill at lisamhomes@gmail.

com / 703. 615. 6036 or the Office of Housing at 703.

746. 3092. Homeownership Opportunity for First-Time Homebuyers at The Residences at Tidelock Update: The lottery has been conducted.

All lottery participants have been notified of the lottery drawings. A recording of the lottery is available here: Tidelock Lottery Recording . T he Office of Housing accepted applications for four affordable for-sale condominium units at the The Residences at Tidelock between May 23 and June 22, 2026.

The application submission period is now closed. The lottery was conducted on July 8. Eligible participants have been selected for the units.

A recording of the completed lottery is now available. The Residences at Tidelock , a new 65-unit condominium community located at 1111 N. Fairfax Street, Alexandria, VA 22314, is anticipated to open in May 2026.

Four affordable condominium units, one 1-bedroom, one 1-bedroom+den, and two 2-bedroom units, will be available to income-eligible, first-time homebuyers that live or work in the City of Alexandria, Virginia. One 2-bedroom unit is designed as an accessible unit. Qualified applicants will be entered into a lottery.

Available Unit Types, Sales Prices, Fees and Occupancy Restrictions Affordable Unit Type # of Units Price (excluding optional parking) Estimated condominium fee # parking spaces ($30,000/space) Min household Max household 1-bedroom/1 bath 1 $195,000 $675/month 1/unit 1 3 1-bedroom/1.

5 bath/den 1 $220,000 $815/month 1/unit 1 3 2-bedroom/2 bath 1 $245,000 $967/month 1/unit 2 5 2-bedroom/2 bath (Accessible ANSI Type A) 1 $245,000 $967/month 1/unit 2 5 Notes: The 1-bedroom unit is 693 square feet. The 1-bedroom and den unit is 836 square feet. The 2-bedroom units are 992 square feet.

The ADA 2-bedroom unit will first be available to households with mobility accessibility needs. If no applicant is available, an applicant will be selected via lottery from the general pool of qualified applicants. Condominium fees will be finalized before the signing of each sales contract and are subject to annual increases.

They include concierge, property management, fitness center, package room/lockers, insurance, trash, water/sewer, and gas. Units are subject to the City’s Shared Equity Policy .

The community features a range of amenities, some of which are shared with its sister property, the Current, including a rooftop deck, rooftop lounge, courtyard, fitness center with yoga studio, a concierge, lounge and library areas, a dedicated conference room, and pet spa. Learn more here .

To qualify, prospective purchasers must: live or work in the City of Alexandria, Virginia for a minimum of six months prior to application; have a total gross (before taxes) household income at or below 100% of the area median income (see table); and be first-time homebuyers (have had no homeownership interest during the most recent three-year period).

Household Size Maximum household income 1-person $116,300 2-person $132,900 3-person $149,500 4-person $166,100 5-person $179,400 Households with two or more members will be given priority for the two-bedroom units. The City accepted applications between May 23, 2026 and June 22, 2026. Due to anticipated high demand, eligible purchasers will be randomly selected through a lottery.

Buyers are not assigned on a first-come, first-serve basis. There will be a total of four lottery pools based on unit type, including a separate lottery for the two-bedroom accessible unit. One lottery winner will be selected for each unit; a back-up winner will also be selected for each unit in the event the primary lottery winner is unable to proceed with and complete the purchase.

To be considered for the lottery, by 5 p. m. on June 22, 2026, interested purchasers must have submitted the following documentation via the Smartsheet application form: Tidelock Homebuyer Lottery Application Form (Paper copies were available in-person at the Office of Housing, 100 N.

Pitt Street, Suite #425, Alexandria, VA upon request); Copy of your mortgage preapproval letter issued within the last 60 days (applicants are encouraged to secure financing from one of the City’s participating lenders ); and Virginia Housing Homebuyer training certificate , received after completing a Virginia Housing Homebuyer Education course.

Applicants should indicate in their application which unit type they are applying for based on the specified minimum and maximum occupancy limits. If interested in the accessible unit, Applicants should explain why they are applying for that unit. Selected purchasers should be prepared to provide an earnest money deposit of $3,000 at the time of signing the sales contract.

Purchasers are also encouraged to secure mortgage financing from one of the following participating lenders . The City's preferred realtors are: Vanessa Rodriguez ( Re/Max), vanrmax@gmail. com /703.

477. 7433 Geraldine Gudiel ( Pearson Smith Realty), Geraldine. Gudiel@PearsonSmithRealty.

com /571. 505. 9953 Carla Moore ( Samson Properties), CarlaMooreRealtor@gmail.

com /703. 994. 0508 Purchasers may also use their own realtor, however the realtor should be familiar with the City’s Flexible Homeownership Program and shared equity model.

Downpayment and Financing Assistance Eligible purchasers may qualify for closing cost and down payment assistance of up to $50,000 through the City’s Flexible Homeownership Assistance Program . Eligible purchasers may also be eligible for reduced mortgage interest rate financing through the Virginia Housing Sponsoring Partnerships & Revitalizing Communities (SPARC).

To qualify for SPARC and/or City financing, participants must complete a Virginia Housing-sponsored homebuyer training, followed by an individual counseling session. The Virginia Housing training is a pre-requisite for the lottery. The counseling session will be coordinated by Office of Housing once there is a ratified sales contract.

To register for the Virginia Housing homebuyer training (offered in person and virtually), visit Virginia Housing Homebuyers Tools and Resources . Equity Share Requirements The affordable homeownership units are subject to the City’s Shared Equity Homeownership Policy .

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. For more information about the affordable units or the Residences at Tidelock, please contact Kaye Placeres by phone at 571. 201.

7114 or email at TidelockADU@urbanpace . 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.

The homes are available to homebuyers who live or work in the City of Alexandria and have a gross annual income below 80% of the area median income. Buyers may be eligible for a City shared equity loan of up to $75,000 in downpayment and closing cost assistance through the City's Flexible Homeownership Assistance Program.

Additionally, buyers may be eligible for a 1% mortgage interest rate reduction through the Virginia Housing (formerly Virginia Housing Development Authority (VHDA)) Sponsoring Partnerships & Revitalizing Communities (SPARC) program (see below). Buyers are encouraged to secure a first-trust mortgage through a City designated participating lender. For more information, please contact Anelva Corcos Beltran at 703.

746. 3092. Set-aside Homeownership Program This program provides a limited number of affordable, resale-restricted units in some newly constructed homeownership developments.

The homes are available to first-time homebuyers who live or work in the City of Alexandria and have a gross annual income below 100% of AMI. Buyers may be eligible for a City shared equity loan of up to $50,000 in down payment and closing cost assistance through the Flexible Homeownership Assistance Program.

Additionally, buyers may be eligible for a 1% mortgage interest rate reduction through Virginia Housing (formerly Virginia Housing Development Authority (VHDA)) Sponsoring Partnerships & Revitalizing Communities (SPARC) program (see below). Buyers are encouraged to pursue a first-trust mortgage through a City designated Participating Lender. For more information, please contact Anelva Corcos Beltran at 703.

746. 3092. 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. The units are priced at levels affordable to low- and moderate-income first-time homebuyers and have long-term affordability requirements. The homes are available to first-time homebuyers who live or work in the City of Alexandria and have a gross annual income below 100% of AMI.

Buyers may be eligible for a City shared equity loan of up to $50,000 in down payment and closing cost assistance through the Flexible Homeownership Assistance Program (see below). Additionally, buyers may be eligible for a 1% mortgage interest rate reduction through Virginia Housing Sponsoring Partnerships & Revitalizing Communities Program (SPARC).

Buyers are encouraged to pursue a first-trust mortgage through a City designated Participating Lender. To qualify for SPARC and/or City of Alexandria financing, participants must complete a Virginia Housing-sponsored homebuyer training class, followed by a two-hour individual counseling session. Visit Virginia Housing to learn more about their services.

For additional information, please contact Anelva Corcos Beltran at 703. 746. 3092.

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.

The homes are available to first-time homebuyers who live or work in the City of Alexandria and have a gross annual income below 120% of area median income ($119,640 for a one-person household, $136,680 for a two-person household, $153,720 for a three-person household, $170,760 for a four-person household).

Buyers may be eligible for a City shared equity loan of up to $50,000 in downpayment and closing cost assistance through the Flexible Homeownership Assistance Program (see below). Additionally, buyers may be eligible for a 1% mortgage interest rate reduction through Virginia Housing Sponsoring Partnerships & Revitalizing Communities Program (SPARC).

Buyers are encouraged to pursue a first-trust mortgage through a City designated Participating Lender. To qualify for SPARC and/or City of Alexandria financing, participants must complete a Virginia Housing-sponsored homebuyer training class, followed by a two-hour individual counseling session. Visit Virginia Housing to learn more about their services.

For more information, please contact Anelva Corcos Beltran at 703. 746. 3092.

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.

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 . For more information, please review the Program Description and Steps in the Homebuying Process , or contact Anelva Corcos Beltran at 703.

746. 3092.

Employee Homeownership Incentive Program The City of Alexandria offers the Employee Homeownership Incentive Program (EHIP) to income-eligible employees of the City of Alexandria, Alexandria City Public Schools, Alexandria Commonwealth Attorney, Alexandria Clerk of Court, Alexandria Sheriff, 18th Circuit Court, 18th General District Court, 18th Juvenile and Domestic Relations Court, Alexandria Court Services Unit, Alexandria Law Library, Alexandria Registrar of Voters, Alexandria Public Library, and Alexandria Health Department who regularly work 20 hours per week or more.

EHIP provides an interest-free, deferred payment loan of up to $15,000 for home purchases in the City of Alexandria. Eligible purchases include condominiums, townhomes, cooperative housing, and detached homes with a sales prices of up to $725,000. To apply or learn more, contact Anelva Corcos Beltran /703.

746. 3092. SPARC Funds for Mortgage Interest Rate Reductions The City of Alexandria Office of Housing is pleased to announce the availability of Sponsoring Partnerships & Revitalizing Communities (SPARC) funds to provide first-time homebuyers with permanent financing for their home purchase.

SPARC funding supports the City of Alexandria’s efforts to increase affordable homeownership for income-qualified first-time homebuyers. This funding is made possible by the Virginia Housing (formerly Virginia Housing Development Authority (VHDA)) and applies only to Virginia Housing mortgages. SPARC funds reduce Virginia Housing mortgage loans 1% lower than Virginia Housing's published First-Time Homebuyer mortgage interest rate.

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.

To qualify for SPARC financing with the City’s Flexible Homeownership Assistance Program, participants must complete a Virginia Housing-sponsored homebuyer training class, followed by a two-hour individual counseling session. Homebuyers do not have to participate in the City’s Flexible Homeownership Assistance Program to use SPARC funding, but they may eligible. Those interested should contact the Office of Housing.

Homebuyers may also be eligible for Virginia Housing’s Down Payment Assistance Grant and should work with their lender to apply for funds. Click here for additional information on Virginia Housing services .

To qualify for a City of Alexandria-sponsored SPARC allocation, the prospective homebuyer must meet the following criteria: Live or work in the City of Alexandria for six months prior to request for SPARC funding; Have an annual household income at or below 100% of Area Median Income; Be a first-time homebuyer, defined as someone having had no ownership interest in real property in the past three years (exceptions may be granted based on circumstances regarding a termination of prior ownership); Receive a first trust Virginia Housing mortgage from a City of Alexandria designated Participating Lender; and Purchased home must be located within the corporate limits of the City of Alexandria.

Provide a Virginia Housing training certificate for first-time buyers and take an Individual Counseling Session through a HUD approved counseling agency.

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.

To become a Participating Lender, mortgage institution must agree to provide loans per City of Alexandria requirements; as well as, successfully provide financing to at least 1 first-time homebuyer participating in the City’s Flexible Homeownership Assistance Program; and Provide required documentation on behalf of borrower to City staff/Virginia Housing to reserve the necessary SPARC funds for individual home purchases (includes 1003, SPARC Reservation Form, Demographic Information Addendum, and verification of Alexandria residency or employment).

Process for Requesting a SPARC Allocation Lenders and homebuyers who wish to use SPARC funding should contact Anelva Corcos Beltran at 703. 746. 3092.

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.

Successful completion of the trainings gives first-time homebuyers access to Virginia Housing's below-market interest rates and to the City’s homeownership program. A calendar of all Homebuyer Education classes is available on Virginia Housing's webpage ( español ). The trainings are free, however, registration is required.

Virtual classes are also offered. Saturday, August 29, 2026 from 9:30 a. m.

- 4:00 p. m. in-person at Mount Vernon Recreation Center (2701 Commonwealth Avenue).

Register through Virginia Housing ( español ).