Nonprofit Rebuilding Together Alexandria received $1 million from the City of Alexandria’s Office of Housing to continue its Neighborhood Stabilization Program, which began in 2009.
The funds will allow Rebuilding Together to purchase foreclosed or short sale properties, rehabilitate them, and sell them to income eligible, qualifying homebuyers.
“We are so pleased to be able to continue our work with the City of Alexandria in preserving housing affordability in Alexandria,” Executive Director Katharine Dixon with Rebuilding Together Alexandria said in a statement. “The funding will allow us to meet the original goal of the federal program by acquiring, rehabilitating and reselling properties to low-income, qualifying homebuyers.”
Through volunteer labor and funds through existing city home purchase programs and VHDA reduced-rate mortgage financing, Rebuilding Together will be able to help up to 25 families buy homes across the city over the next few years.
Interested buyers can find out more information about upcoming homebuyer financial counseling sessions by calling Rebuilding Together at 703-836-1021 or joining the online eNews at www.alexandriava.gov/enews with the Affordable Housing Opportunities subscription.
Rebuilding Together Alexandria is one of 200 Rebuilding Together affiliates nationwide. With the help of funders and dedicated volunteers, RTA provides free home repairs and modifications to ensure that low- and moderate-income Alexandria homeowners can live in safe and healthy homes.
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National Rebuilding Day is a signature project of Rebuilding Together and will take place April 27, uniting nearly 1,000 volunteers to repair homes for low-income homeowners across Alexandria.