Arlington County

The State of Affordable Housing

May 14, 2014

Housing Affordability– Building a Sustainable Future

Affordable Housing Accomplishments

Rendering of the Springs SerranoArna Valley

New and Preserved Affordable Housing Units The Springs

o 104-unit tax credit project

Arna Valleyo 101-unit acquisition

The Serranoo 280-unit acquisition (196 Committed Affordable Units)

Columbia Pike – New Tools Adopted

Neighborhoods FBC Base affordable housing

requirement, TDR option, reduced parking ratio

Transit Oriented Affordable Housing Fund (TOAH)

Helps tax credit applicants pay for infrastructure and fees

Columbia Pike TIF Funding source for TOAH

Home Ownership Programs

Moderate Income Purchase Assistance Program (MIPAP) 18 households utilized program Jan 2013 to-date

VHDA Community Homeownership Revitalization Program 22 households utilized program Jan 2013 to-date

Condominium Initiative Workshops 6 events in the past year with 164 total attendees

Housing Assistance Programs

Housing Choice Voucher 1,346 households in March 2014

Housing Grants 1,244 households in March 2014 (4% growth March 2013-

14)

Homelessness Prevention and Rapid Re-housing Program (HPRP) 165 households in FY 2014 YTD 98% of prevention households served maintained stable

housing after 6 months

Housing Assistance Program

Permanent Supportive Housing (PSH) County is more than half-way to achieving goal of 425 PSH

units The 283 PSH units include:

• 227 units occupied (including 34 units provided by non-profits)• 35 units available• 21 units in the pipeline (2014 delivery)

85% of PSH served between 2005-2013 remain housed Arlington 100 Homes Campaign

▪ 84 individuals have been placed in housing, on target to house 100 people by Oct. 2014

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Affordable Housing Investment Fund

Projected Loan Re-

payments and Payoffs$5.0 million

Adopted County Board Appropriation $13.0 million

Projected Developer Contribu-

tions$4.1 million

Projected FY 2015 AHIF Components

Total = $22.1M(~ 260 CAFS @ $85,000 subsidy each)

Affordable Housing Study

Preliminary Report published Assessment of County

programs On-going survey of 1,700

residents

Focus Groups and Interviews

Housing Needs

Analysis

Community Forum and Workshops

Element of Comp. Plan

NEX STEPS

Building a Sustainable Future