Clubs and Organizations
January 7, 2015
Effort Works to Preserve Housing Affordability
Alexandria, VA -- More than 15 Alexandria residents celebrated New Year's in their own home thanks to A Home of Your Own, a Rebuilding Together Alexandria program offered in partnership with the City of Alexandria. Rebuilding Together Alexandria is a volunteer-based, non-profit that creates and preserves affordable housing and revitalizes communities.
"We welcome our city's newest homeowners - who play an important role in creating a strong, stable, and vibrant community. A Home of Your Own is creating housing affordability and stabilizing neighborhoods by helping families invest in their futures," said Katharine Dixon, President/CEO, Rebuilding Together Alexandria. "I can't think of a better way to celebrate the New Year than for these families to start making memories in their own homes."
The program is an extension of Alexandria's Neighborhood Stabilization Program. Rebuilding Together Alexandria received $1 million from the City of Alexandria's Office of Housing to purchase foreclosed or short sale properties, rehab them, and sell them to income eligible, qualifying homebuyers.
By leveraging volunteer labor and funds through existing City home purchase programs and VHDA reduced rate mortgage financing, Rebuilding Together has already been able to help seven first time, low income buyers become homeowners. This diverse group of homeowners includes individuals and families, totaling 15 people in all. Rebuilding Together Alexandria is already a third of the way to reaching its goal to help 20-25 families achieve the dream.
Rebuilding Together Alexandria is one of 166 Rebuilding Together affiliates nationwide. With the help of funders and dedicated volunteers, the organization provides free home repairs and modifications to ensure that low- and moderate-income Alexandria homeowners can live in safe and healthy homes. To date, in-kind donations of labor and materials have resulted in nearly $7 million worth of value on more than 1,700 properties.
For more information about the program, visit www.RebuildingTogetherAlex.org or call 703-836-1021. Interested buyers can also join the online eNews (Affordable Housing Opportunities subscription) at www.alexandriava.gov/enews.