The Waypoint at Fairlington

2451 Menokin Dr, Alexandria, VA 22302

Waiting List Forecast: Likely Short or None

check_circleVerified for 2022 by Lorena Bentley, Ric Gresia

Rent	Beds	Baths	SqFt
Call for Rents^†	Floorplan Info Upon Request	-	-

This project has been funded and will begin construction soon.

Project Timeline
• Construction Site Planning Start – Summer 2019
• Updated Site/Construction Plans to City of Alexandria – September 2019
• Construction Site Planning Details (Parking transition, building access, etc.) – Winter
2019-2020
• Estimated Construction Start – Summer 2020
• Estimated Construction End – December 2021

In partnership with Fairlington Presbyterian Church, Wesley Housing is constructing 81 affordable housing units on the beautiful site adjacent to the Church. The project, which will enhance public transit accessibility and is within easy access from Interstate 395, will be conveniently located near a wealth of amenities, including grocery, retail and dining options.

Estimated to be complete in summer 2022

Dave's Thoughts On The Waypoint at Fairlington

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests The Waypoint at Fairlington does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for The Waypoint at Fairlington

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
50% AMI for LIHTC Units	$52,750 / year	$60,300 / year	$67,850 / year	$75,350 / year	$81,400 / year	$87,450 / year	$93,450 / year	$99,500 / year
50% AMI for PBRA Units	$52,750 / year	$60,300 / year	$67,850 / year	$75,350 / year	$81,400 / year	$87,450 / year	$93,450 / year	$99,500 / year
60% AMI for LIHTC Units	$63,300 / year	$72,360 / year	$81,420 / year	$90,420 / year	$97,680 / year	$104,940 / year	$112,140 / year	$119,400 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for The Waypoint at Fairlington

Does The Waypoint at Fairlington have a waiting list?

The Waypoint at Fairlington probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at The Waypoint at Fairlington?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges The Waypoint at Fairlington?

The Waypoint at Fairlington is managed by Wesley Property Management Company headquartered in Alexandria, VA.

In addition to The Waypoint at Fairlington, how many other affordable housing properties (and units) are there in Alexandria?

In addition to The Waypoint at Fairlington, we list 112 other affordable properties in Alexandria. Learn about these properties here. Our data research shows that there are a total of 7870 affordable units in Alexandria.