The Alexandria Redevelopment and Housing Authority (ARHA) has scheduled a public hearing to discuss a proposed revenue bond financing initiative aimed at supporting the development of a new affordable housing project in the city. The hearing will take place at 7 p.m. on Monday, June 22, 2026, at ARHA headquarters located at 401 Wythe Street, Alexandria, Virginia.

The proposal involves an application by CLI New Elbert LLC, a Virginia limited liability company affiliated with Community Lodgings, Inc., headquartered at 3912 Elbert Avenue in Alexandria. CLI New Elbert LLC is seeking authorization from ARHA to issue up to $16 million in revenue bonds. These funds would be used to finance or refinance the acquisition, redevelopment, construction, and equipping of a residential facility at 3908 Elbert Avenue, Alexandria.

The planned development consists of a six-story building encompassing approximately 127,000 square feet. It will include about 91 affordable rental apartments intended to serve the local community. The project aims to provide new housing options that align with affordability goals, with ownership and operation managed by the borrowing entity.

Importantly, the issuance of these revenue bonds will not constitute a debt or pledge of the Commonwealth of Virginia's or the City of Alexandria’s full faith and credit. The bonds will represent limited obligations, payable solely from revenues generated by the project and secured through any collateral pledged to ARHA in connection with the bonds. ARHA does not possess taxing authority, and therefore, no tax revenues from the Commonwealth or local government will be used for repayment.

The hearing offers members of the public and interested parties the opportunity to provide input on the proposal before a final decision is made regarding the bond issuance. The session may be continued or adjourned as necessary.