The Affordable Housing Investment Fund (AHIF) is the County’s main financing program for affordable housing development. Since its creation in 1988, AHIF has helped to create the majority of Arlington’s nearly 7,500 approved affordable rental units that benefit low- and moderate-income households. In conjunction with the Affordable Housing Ordinance, this revolving loan fund provides incentives for developers through low-interest loans for new construction, acquisition and rehabilitation of affordable housing. Since the inception of the AHIF program, the County has originated more than $316 million in loans for affordable units.
A total of $14.3 million has been allocated for AHIF for Fiscal Year 2019. The fund is comprised of local and federal dollars and is also supported by loan repayments and developer contributions. For most projects, every $1 of County loan funds can leverage $3 in private funds. The AHIF is often used in combination with other Affordable Housing Financing Programs.
The Notice of Funding Availability (NOFA) for FY 2019 (July 2018 – June 2019) Federal and local loan funds application period has closed.
FY 2019 Project Funding Scoring Guidance
The FY 2019 NOFA for Federal and Local Loan Funds Scoring Guidance was used to guide review and evaluation of loan requests.
Out-of-cycle applications will be considered for time-sensitive 3rd party acquisitions on a case-by-case basis. “Time-sensitive 3rd party acquisition” means the development is currently listed on the open market or will be listed on the open market in the immediate future. If the applicant is applying to be considered out-of-cycle please e-mail a letter to Melissa Danowski at firstname.lastname@example.org with information about the project (location, units, price) and documentation of time-sensitivity (listing or letter from owner). Describe why an in-cycle application would preclude the ability to purchase. DO NOT fill out ZoomGrants application unless advised by Arlington County staff to do so.
Questions can be submitted to email@example.com
FY 2019 Q&A: Read the Questions and Answers document that contains answers to the questions staff received during the FY 2019 NOFA application period.
FY 2018 Q&A: Read the Questions and Answers document that contains answers to the questions staff received during the FY 2018 NOFA application period.