Housing News

Fairfax County Proffer Map

On July 1, the new proffer legislation passed by the last session of the General Assembly goes into effect, and many jurisdictions are unsure exactly what the impact will be on their ability to negotiate community benefits in exchange for density. Fairfax County has created a map of designated mixed-use areas that are exempt from

Expanding the LIHTC Program

From our colleagues at the Virginia Housing Alliance: We have promising news on the Housing Tax Credit, along with a call to action. Senators Maria Cantwell (D-WA) and Orrin Hatch (R-UT) have introduced S.2962, The Affordable Housing Credit Improvement Act of 2016. This Act will make significant strides towards addressing the nation’s severe shortage of

Filling the Gap

FY17 Local Housing Revenue “Filling the Gap” Alexandria, Arlington and Fairfax County   City of Alexandria¹ Arlington² Fairfax County $884,970 $13,719,787 $0   This chart shows new FY17 local tax revenue dedicated to preserving or developing affordable housing. This funding is essential for a jurisdiction to meet its commitment to its adopted affordable housing goals.

Housing: Part of the Nighttime Economy

Loudoun County is the latest in a growing list of jurisdictions taking a comprehensive look at how they plan for future growth and attract and retain a talented workforce in light of changes to the region’s economy and jobs market. All of this is happening amidst strong emerging public preferences for live/work/play development that features

FY17 THUD Spending Bill

From our friends at the National Low Income Housing Coalition… Senate Committee Passes FY17 THUD Spending Bill The Senate Committee on Appropriations passed its FY17 Transportation, Housing and Urban Development, and Related Agencies (THUD) funding bill on April 21 by a vote of 30 to 0. The bill can now go to the Senate floor,

Alexandria HTF Turns 30!

Celebrating three decades of supporting affordable housing opportunities and choices for residents and workers, the City of Alexandria recently released “A Housing Trust Fund: From the 1980s to Today.” Since the first contributions were pledged almost 30 years ago, the Housing Trust Fund has leveraged over $150 million dollars in private and public financing to

Natl Housing Trust Fund

The Federal Housing Finance Agency has authorized Fannie and Freddie to begin setting aside funds for the National Housing Trust Fund, which was created in the Housing and Economic Recovery Act of 2008. Here is a summary of the pertinent facts: NHTF is designed “to increase and preserve the supply,” of housing affordable to Extremely

New Housing Funding

The Virginia General Assembly included additional resources for housing in the FY17-FY18 budget that was just adopted. Our colleagues at the Virginia Housing Alliance developed a helpful info sheet to summarize the new funding allocations. Here’s some of what passed: Housing Trust Fund – The HTF received an increase of $1.5 million per year- bringing

Ramsey Homes Second Chance

The Alexandria Redevelopment and Housing Authority (ARHA) will get a second chance to secure approval for the redevelopment of Ramsey Homes, 15 units of public housing located in the Parker-Gray District in Alexandria. After a contentious and heated City Council session on Feb 20 lasting several hours, the Council could not produce the super majority

Stealth Anti-Proffer Bills

Local government officials and community development activists have watched with concern and alarm as SB549, an anti-proffer bill, moved swiftly through the Senate. Promoted by the home builders association and sponsored by Sens. Richard Saslaw and Mark Obenshain this legislation significantly limits the ability of local governments to negotiate proffers with developers for needed infrastructure