1. Arlington County Affordable Housing Ken Aughenbaugh Housing Director May 16, 2012

2. The Results 2 Over 3,300 new affordable rental units committed since 2000 Total number of committed affordable rental units is now over 6,500 In the past three years (2009-2011), Arlington County has loaned out an average of over $18 million per year in AHIF funds Committed Affordable Rental Units Now Form over 14% of Rental Stock!

3. AHIF ResourcesFY 2012FY 2013 New Allocation$6,688,557$9,480,623 Developer Contributions $2,800,000 (projected) $6,300,000 (projected) Loan Repayments & Payoffs $6,000,000 (projected) $4,500,000 (projected) Total$15,488,557$20,280,623 3 Housing Development Funding

4. Housing Development Outcomes FY11-12 AHIF Funding Outcomes: 1 The Colonial Village, Scattered Site and Marbella projects were previously included in the total CAF unit count and have been preserved with commitments extended to 60 years. 4 ProjectTotal Allocated Funds Total Development Cost CAF Units Created & Preserved 1 AHC’s Scattered Site$1,002,150$22,436,393103 Colonial Village$2,500,000$40,117,684162 Howard Manor$6,380,000$20,641,43876 Arlington Mill$4,247,261$28,659,510121 Marbella$4,031,000$14,302,825134 Magnolia Commons$13,266,315$56,668,147198 Total$31,426,726$182,825,997794

5. Potential Pipeline Project Needs Through Balance of FY 2012: Harvey Hall /Annex of Shell Site (83 units): AHC, $6.0 million (March 2012) Buckingham Village 3 (48 units): Telesis, no AHIF needed (March 2012) Subtotal Anticipated Requests FY’12 = $6.0 million FY 2013 and 2014 Potential Requests: Buckingham Village 3 Debt Service: $2.2 million (July 2012) Preliminary discussions with non-profits on 4 other potential pipeline projects to create up to 450 units (these requests could occur beyond FY 2013 and 2014) Columbia Pike Land Use and Housing Study projection: $7-$13 million (estimated) Subtotal Potential Pipeline Requests FY’13 = $40.2 - $56.2 million 5

6. Housing Budget County Board Added: $2.8 Million to AHIF $2.2 Million to Housing Grants FY 2013 Manager’s Proposed Budget Over $50 Million in Housing Programs for FY 2013

7. Housing Grants

8. Columbia Pike – Neighborhoods Plan Ambitious Goals & Exploration of Incentives: –Preserve 75% of the MARKS – approx 5,000 units –Increase moderate income ownership opportunities Outstanding items: –Housing expectations to enter Form Based Code –Additional work on other incentives - partial tax exemptions, etc. –Additional policy work – historic preservation, TDR’s, etc. Timeline: –Housing Comm – June 7 & July 12 –Planning Comm – July 9/11 –Adoption by County Board – July 21/24 8

9. Housing Study Data Collection & Analysis – Housing Needs Survey Assessment of Community Housing Needs Next Generation of Goals and Targets Address other Policy Issues Community Engagement 9

10. CAF Map 10