We build affordable, energy-efficient residential housing for families
HILOA is an IRS Section 501c3 nonprofit organization established in Virginia. We build affordable, green-certified residences:
+ Alexandria, VA - 16-20 affordable flats
+ Environmental Building Design to Certification Standards
+ Environmentally Sound Construction Materials
+ Energy Efficient Infrastructure (Water and Electricity)
+ 100% of the units are affordable
Housing:
Safe and clean air and water
Walkable Communities
Access to essential elements for living (nutritional, medical, dental, educational, recreational, cultural, etc.) Climate:
On-site renewable power generation
On-site power storage
Energy-efficient construction design and construction materials
Parking equipped for EV charging
Economics:
Affordable rents
Minimized utility costs
Walkability with easy access to multiple modes of public transportation
Proximity to employment opportunities
High Income:
+ All capital for land, construction, and projected reserves is secured prior to ground breaking
+ Private grant and private foundation funding
+ Public grant funding (federal, state, and municipal)
+ Private donations
Low Income:
+ Less fortunate families lease the affordable units
+ HILOA defines "Low Income" according to the AMI where our developments are located
"Affordability" usually ranges from ELI to 50% of AMI
+ ELI - extremely low income
+ AMI - area median income
Affordable and Sustainable Housing:
+ Modern green energy efficiencies result in lower expenses for the resident families
+ $0 debt servicing expense
+ Financial output of the property after full leasing adds to funding (free cash flow) for
future HILOA projects
