RAMSEY HOMES

ramsey homes

ADDRESS:

699 N. PATRICK STREET
Alexandria, VA 22314
United States

UNITS:
52

The 2017 award of tax credit financing for the redevelopment of the Ramsey Homes community represents a three-year effort to transform an underutilized and obsolete public housing site into a mixed-income development that adds 37 net new units to the affordable housing inventory in Alexandria. The Project is consistent with the Alexandria Redevelopment Housing Authority (ARHA) 2012-2022 Strategic Plan, the City of Alexandria Strategic Plan, the Housing Master Plan, the Braddock Metro Neighborhood Plan and the Braddock East Master Plan (“BEMP”). The new construction of the 52 unit property will be realized using equity raised by the syndication of competitive 9% LIHTC and soft loans committed by both ARHA and the City of Alexandria. Capital One will provide a bridge loan for construction. 

Amenities:

COMMUNITY COMPOSITION

  • 52 Affordable Rental Units
  • 10 One-BR / 36 Two-BR / 6 Three-BR
  • 6 Fully Accessible Rental Units
  • 15 Rental Units available for households earning 30% of the Area Median Income (AMI); 11 at 50% and 26 at 60%

DESIGN FEATURES

  • Contemporary Architecture
  • 4 Stories with Elevator
  • Brick and cementitious façades with metal panel detailing
  • 39% green space with public access 
  • Earthcraft Gold certified
  • Below grade structured parking

AMENITIES

  • 5 blocks from Braddock Road Metro
  • 5 minute walk to King Street in Historic Old Town Alexandria
  • 5 miles from Washington D.C.
  • 5 minute walk to riverside parks and adjacent to City Recreation Center

Nearby:

Metro Braddock Road
School T.C. Williams High School

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