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Affordable housing project in Virginia's Old Town Alexandria lands $120 million in financing

Multifamily complex with hundreds of mixed-income units expected to be completed in 2027
The planned Samuel Madden complex would replace an existing 66-unit public housing complex. (Torti Gallas)
The planned Samuel Madden complex would replace an existing 66-unit public housing complex. (Torti Gallas)

The developer of a ground-up multifamily building that would add hundreds of modestly priced apartments to Alexandria, Virginia's historic Old Town district has secured $120 million in financing for the project.

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