2404 units preserved to date* * closed / pending |
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progress report
 2010 Meeting Dates of the Affordable Housing Advisory Committee:
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Friday, July 2, 2010
Board of Supervisors Adopts Plan Amendment for Tysons Corner
Fairfax County’s “Downtown” to Include 20 Percent Affordable/Workforce Housing
On June 22, 2010, the Fairfax County Board of Supervisors adopted an amendment to its land use Comprehensive Plan that will guide the transformation of Tysons Corner into a walkable, green urban center by 2050.
This groundbreaking action reaffirmed and expanded the Board’s efforts to foster the development of affordable, workforce housing in the county:
- Affordable unit expectation: In total, 20 percent of new residential units must be set aside as work force or affordable housing. This requirement surpasses the county’s current countywide policy of 12 percent. This housing will be made available to households earning between 50 to 120 percent of the area median income.
- Commercial development linked to affordable housing: The Board also included in the Plan an historic provision that will generate $3.00 per square foot up-front contribution for affordable/workforce housing from non-residential developments (or $0.25 per-square foot annually) – ground-floor retail exempted. The Board also directed staff to provide a proposal to modify the countywide workforce housing policy to encourage monetary contributions to affordable/workforce housing from future mixed-use development
HCD Participates in “Cash Counts” Foreclosure Fair
On Saturday, June 19, the “Cash Counts” Foreclosure Fair & Family Finance Expo was held at the Fairfax County Government Center from 9 a.m. – 3 p.m. The free event was hosted by Fairfax County as a part of the Northern Virginia CASH Campaign (Creating Assets, Savings and Hope). Lenders, personal finance experts, banks, consumer protection agencies, and community-based groups offered tools and expertise to expertise to impart knowledge to attendees on rebuilding after a financial crisis or recovering from mortgage distress. At the opening breakfast, speakers included:Congressman Gerry Connolly, 11th District of Virginia, Northern Virginia Association of Realtors Executive Director Christine Todd and Virginia Delegate Mark Keam, HCD Director Paula C. Sampson, and DFS Director Nannette Bowler.
The Homeownership division of Fairfax County Department of Housing and Community Development (HCD), presented a session called “Tools to Avoid Foreclosure” presentation from 10:30 a.m. – 12 p.m. in partnership with Legal Service of Northern Virginia and Consumer Affairs. HCD participated in panel discussion topics including: Home Affordable Modification Program (HAMP), the Home Affordable Foreclosure Alternatives program (HAFA), down payment and closing cost assistance program. In addition, HCD had a booth at the event to answer questions about foreclosure prevention.
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FCRHA Authorizes Additional Funds to Homestretch, Inc.
The Fairfax County Redevelopment and Housing Authority (FCRHA) approved loans of up to $270,000 in Neighborhood Stabilization Program (NSP) funds to Homestretch, Inc., a Falls Church-based non-profit. In addition, in April 2010, the Board of Supervisors approved an amendment to the NSP program that allowed additional NSP funds to be allocated to non-profits, of which Homestretch received funding of $109,370. These funds resulted in Homestretch acquiring and rehabilitating three foreclosed homes located in Annandale and Falls Church. Homestretch will use these homes to provide transitional housing for homeless individuals.
Homestretch, inc. provides transitional housing and supportive services with the goal of providing education and resources that will enable homeless families to become self-sufficient and live independently. Since April 2004, the FCRHA has assisted Homestretch in acquiring 25 units using a variety of funding sources.
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