The Affordable Housing Investment Fund (AHIF) is the County’s main financing program for affordable housing development. Since its creation in 1988, this revolving loan fund has helped to create most of the 7,500 affordable rental units that house Arlington’s low and moderate-wage working households. AHIF applications are currently received on a rolling basis.
To better accomplish County policy goals and objectives, staff is initiating a Notice of Funding Availability (NOFA) process to access AHIF loan funds. These goals and objectives include:
- Concurrent review of proposals to improve decision making,
- Encouraging competitive applications to better leverage AHIF,
- Clarifying the process and schedule for all developers, and
- Consistency with the Affordable Housing Master Plan.
An Advisory group was created to provide feedback on staff recommendations as the NOFA is being developed. The 10-member NOFA Advisory Group includes representation from the development community, Fiscal Affairs Advisory Commission, Housing Commission, Affordable Housing Master Plan Working Group, and other community stakeholders. It is anticipated that the NOFA will be ready for AHIF applicants seeking loan funds beginning in FY18.
All meetings will be held in Cherry/Dogwood rooms of Courthouse Plaza located in the lobby of 2100 Clarendon Blvd. (unless otherwise noted) from 8-9:30 a.m.
|February 26||Agenda Feb26||PowerPoint Presentation 2_26|
|March 28||Agenda March28||Advisory Group Presentation 3_28|
|April 25||Agenda April 25||Advisory Group Presentation 4_25|
|May 23||Agenda May 23||Advisory Group Presentation 5_23|
|June 27||Agenda June 27||Advisory Group Presentation 6_27|
|August 1||Agenda August 1||Advisory Group Presentation 8_1|