FY 08 Notice of Funding Availability (NOFA) for Affordable Housing Investment Funds (AHIF) and Federal Loan Funds Overview Arlington County Department of Community Planning, Housing, and Development (CPHD) invites eligible developers or owners of rental housing to submit proposals requesting funds for the creation or preservation of rental Committed Affordable Units (CAFs) from the Affordable Housing Investment Fund (AHIF) and federal loan funds for fiscal year 08 (July, 07 June 30, 08). The Affordable Housing Investment Fund (AHIF) is the County s main financing program for affordable housing development. Since its creation in 988, AHIF has helped to create the majority of Arlington s more than 7,500 approved affordable rental units that benefit low- and moderate-income households. This revolving loan fund provides low-interest loans for new construction, acquisition and rehabilitation of affordable housing. The fund is comprised of local and federal dollars and is also supported by loan repayments and developer contributions. The selected proposals will form the FY 08 staff pipeline recommendations for AHIF and federal loan funds. Selected applicants will then participate in the public process, which may include Site Plan Review Committee, Form Based Code Advisory Working Group, Commission, and/or other necessary meetings. A County Board hearing would be scheduled upon successful completion of this process. Any allocation of AHIF or federal funds is contingent upon County Board approval. Eligibility CPHD will accept and consider proposals from non-profit or for-profit qualified applicants that meet the following eligibility requirements: -Applicant has owned or developed at least one development that contains committed affordable (CAF), income-restricted, or market rate housing units that have been placed in service. If applying for Low Income Housing Tax Credits, applicants must meet VHDA eligibility requirements. -The AHIF and federal loan funds must be used for rental units affordable up to 80% Area Median Income as published by the US Department of Housing and Urban Development (HUD) for the Washington, DC Metropolitan Statistical Area, adjusted for household size. If the development is mixed-income, AHIF loan funds will be applied only to the affordable portion of the development. -The CAF units must remain committed affordable for no less than 30 years. Note that proposals to be funded with a combination of 9% Tax Credits and 4% Tax Exempt Bonds must submit separate NOFA applications ( application for the 9% Tax Credit building(s) and application for the building(s) utilizing 4% Tax Exempt Bonds).
For help in determining if your project is eligible, call County staff at (703)8-793. Funds Available The NOFA budget will be determined upon the Arlington County Board s adoption of the FY8 County Budget. The FY8 County Budget is anticipated to be approved in April 07. Important Dates NOFA Workshop and ZoomGrants Demonstration for Prospective Applicants (Optional) Tuesday, January 7, 07; 0am :30am County staff will host a workshop on January 7, 07 for prospective applicants detailing the application process and new application software, ZoomGrants. The ZoomGrants demonstration will include information on setting up an account and submitting applications. Participants are welcome to bring a laptop or tablet to access ZoomGrants and follow along during the demonstration. Interested applicants are highly encouraged to attend. Arlington County Stambaugh Human Services Center (Sequoia ) Ground Floor Auditorium 00 Washington Blvd, Arlington, VA 04 Submittal Deadline: Friday, March 0, 07; 5PM All proposals must be submitted electronically via ZoomGrants no later than 5PM on Friday March 0, 07. Any application missing one or more of the required information or documents will be considered incomplete and will not be reviewed. No hard copies will be accepted. Application Timeline March 3, 07 April 8, 07: Proposal review by County staff May, 07: Developer Notification Application Evaluation Applications will be scored by County staff using the evaluation criteria described in more detail in the Scoring Guidance document found in the Library tab of this application. Pipeline recommendations will be based on which project meets or exceeds these criteria to the greatest degree. If selected, the AHIF proposal will be reviewed by the Housing Commission at the appropriately scheduled time. An allocation of AHIF funds would be made contingent upon County Board approval.
Policy Goals (40%) Max Points Supply 84 Access 6 Sustainability 0 Policy Total 00 x.4 = 40% Budget (40%) Max Points Capital Budget 50 Operating Budget 50 Budget Total 00 x.4 = 40% Project Experience and Readiness (0%) Max Points Team Experience 55 Readiness 45 Experience/Readiness Total 00 x. = 0% Policy criteria will equal 40% of the total score; Budget criteria will equal 40% of the total score; and Project Experience / Readiness will equal 0% of the total score. Note that if project proposals do not adequately meet the described guidelines, County staff may recommend not funding the proposal(s) and reserves the right to reject any and all proposals. Out-of-Cycle Applications 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 you are applying to be considered out-of-cycle please e-mail a letter to Melissa Cohen mcohen@arlingtonva.us with information about the project (location, units, price) and documentation of time-sensitivity (listing or letter from owner). Describe why an incycle application would preclude the ability to purchase. DO NOT fill out ZoomGrants application unless advised by Arlington County staff to do so. Questions? All content-related questions must be submitted in writing to Melissa Cohen mcohen@arlingtonva.us. All questions and answers will be posted to the AHIF webpage. To receive e-mail notifications of updates, please sign-up here. ZoomGrants Technical Support staff can help with technical questions or general inquiries about the system. Please contact: questions@zoomgrants.com
Application for FY 08 Notice of Funding Availability (NOFA) for Affordable Housing Investment Funds (AHIF) and Federal Loan Funds GENERAL INFORMATION Supply and Access. What type of rental application are you submitting? New construction Acquisition and new construction Acquisition and rehabilitation of existing multifamily units Acquisition only Rehabilitation of existing multifamily units Other, explain:. Project Narrative: Provide a concise description of the proposed project. Include an overview of any anticipated rehab or construction work, anticipated financing sources, general timeline for completion, individuals that will be served by the project, and public benefit achieved. Note any special features/amenities. 3. Affordability Commitment Period Must be committed affordable for at least 30 years to be considered. List the number of years the units will remain committed affordable. 4. Describe the type of units that are part of the proposal. Fill out the following table. For a detailed definition of "CAF" refer to the Glossary section of the Affordable Housing Master Plan located in the "Library" tab. Number of Committed Affordable Units (CAFS). Number of Unrestricted/Market Rate Units (if any) Total CAFS and Unrestricted/Market Rate Units Percent of Total Units that are CAFS Percent of Total Units that are Market Rate/Unrestricted Units (if any) Number of Age Restricted CAFS (if any) Number of Age Restricted Market Rate Units (if any) Number of Proposed Permanent Supportive Housing Units (if any) Percent of CAFS that are Proposed Permanent Supportive Housing (if any) Number of Type A Accessible CAF Units (if any) Percent of CAFS that are Type A Accessible Units (if any) Number of CAFS that are accessible for those with hearing/visual impairments (if any) Percent of CAFS that are accessible for those with hearing/visual impairments (if any)
5. List the parking characteristics of the proposed project. # of off-street parking spaces proposed Required minimum parking ratio per the Zoning Code (without modifications) Proposed parking ratio/unit Will off-street parking be located in an underground garage? (yes/no) # of underground garage levels (if applicable) Will off-street parking be located in a structured above-ground garage? (yes/no) # of above-ground structured garage levels (if applicable) 6. How far away is the closest transit stop? List answers in decimals. Example: "0.5 miles from bus stop." mile(s) from closest metro stop mile(s) from closest bus stop 7. Does the existing property contain market rate affordable units (MARKS)? If so, how many? If rents are unknown, please enter best estimate. Leave blank if there are no existing MARKS. MARKS are housing units that have market rents that are affordable to low-and moderate-income households. These units are not regulated by the County or any other public agency. # of MARKS up to 40% AMI # of MARKS up to 50% AMI # of MARKS up to 60% AMI # of MARKS up to 80% AMI 8. If the existing property contains MARKS, are they currently for-sale on the open market (i.e. there is an active listing for the property advertising the sale of the building)? Please upload documentation of active listing on "documents" tab. Yes, there is an active listing. No, it is not currently for-sale on the open market. There are no MARKS at the existing property. 9. Does the property contain existing CAFS that have affordability restrictions expiring in the next 5 years? Leave blank if there are no existing CAFS that have affordability restrictions expiring in the next 5 years. Affordability restrictions include any guaranteed agreements with federal, state, or County government to remain affordable for a specified period of time, e.g. site plan requirements, deed covenants, IRS regulations governing tax exempt financing, etc. # of CAFS up to 40% AMI expiring within the next 5 years. # of CAFS up to 50% AMI expiring within the next 5 years. # of CAFS up to 60% AMI expiring within the next 5 years.
# of CAFS up to 80% AMI expiring within the next 5 years. 0. Does the property provide infill or higher-density redevelopment opportunities at a future date (aside from this application)? If yes, briefly describe the future infill/redevelopment opportunity.. Does the property have urgent capital needs? If yes, briefly describe the capital needs and provide a rationale for the urgency.. Is there time-sensitive funding that is at risk if the application is not selected in FY8? If yes, identify the source and amount of funds, and describe the nature of the time sensitivity; e.g. proposal is part of a hybrid 9% and 4% LIHTC project; a funding source has time limits on execution. 3. Is the project located in an area covered by an existing Small Area or Sector Plan? If yes, how is the project consistent with that plan? If no, is the project consistent with the General Land Use Plan? Briefly describe how the project is consistent with applicable Small Area/Sector plans or the General Land Use Plan. For a list of applicable plans go to https://projects.arlingtonva.us/plans-studies/land-use/. Excludes Neighborhood Conservation Plans. 4. Where is the proposed project located? Enter existing address. If there is no existing address, enter the closest key intersections. 5. What are the existing Real Property Number(s)(RPC) of the location of the proposed project? For help finding the RPC number(s) go to https://propertysearch.arlingtonva.us/home/search 6. What Census Tract(s) is the proposed project located in? Enter the census tract number(s) below. 7. What Civic Association is the proposed project located in? Has the Civic Association been consulted? If the Civic Association has been consulted, list date of meeting(s) and briefly describe the result. 8. Is the proposed project... Check all that apply. Located in the Rosslyn-Ballston or Jefferson-Davis metro corridors as defined in the General Land Use Plan? Located within /4 mile of Lee Highway?
Sustainability 9. Is the project pursuing LEED or EarthCraft Certification with ongoing energy use tracking? If yes, identify what level of LEED or EarthCraft certification is being pursued and if the project will conduct ongoing energy use tracking. If not pursuing LEED or EarthCraft certification or ongoing energy use tracking, explain why. 0. Is the project pursuing innovative, industry recognized "green" building standards such as, but not limited to, Passive House, Living Building Challenge and EnergyStar Certification? If yes, briefly explain the innovative green building standard being pursued. If no, leave blank. Experience. In the past 0 years, how many committed affordable, market rate, or mixedincome developments have you developed or owned? Readiness. At the time of this application, does the applicant or team member OWN (hold title) to the land? If no, does the applicant have site control? If the applicant does not hold title to the land, identify the form of site control (e.g. option agreement, executed Letter of Intent, purchase contract with the seller), and upload evidence of site control in the "Documents" tab. 3. Does the property require rezoning, a Special Exception Site Plan, Form Based Code, or use permit approval? Have County Planning staff been consulted? If yes, explain the plan and timetable for obtaining the approval. Briefly describe the result of discussions with County Planning staff. 4. Are there existing tenants that will be permanently or temporarily relocated? If yes, describe the relocation strategy. Include characteristics of existing tenants (# receiving Housing Choice Vouchers or Housing Grants and estimated income levels). Describe specific financial or other assistance that will be provided to households that will be displaced. 5. Describe your plan for delivering services at the proposed development. Leave blank if you are not planning to provide services or partner with service providers at the proposed development. 6. Identify and describe your plan for completing any necessary due diligence or pre-development tasks.
For example: appraisal (if not already provided), market study, environmental assessments, rent roll analysis. 7. Identify and describe your plan and schedule for preparing and coordinating the necessary public meetings which may include Civic Associations, Housing Commission, Tenant-Landlord Commission, Planning Commission, and County Board. Identify any anticipated opposition. Budget Characteristics 8. Enter the following budget details below. Total Development Costs (TDC) Total AHIF Request Leverage (TDC minus AHIF divided by AHIF amount. Answer should be expressed as a fraction) AHIF per CAF unit Developer Fee (Portion of developer fee received in cash cannot exceed $.5 million for 4% tax credit projects.) Developer Fee as % of TDC (Subtract the developer fee from the TDC. Divide the developer fee by this number. Express as a %) Deferred Developer Fee % of total developer fee that will be deferred Seller Note (if applicable) Developer contribution (other than deferred fee and seller note) Priority payment fee/unit (Fees paid from project income, such as management fees and resident services fees, not including the developer fee, which are paid ahead of the County loan repayment) Year AHIF loan crests (year AHIF loan balance begins to decline) Residual receipts cash flow split percent to County 9. For rehab and construction projects on the applicant's existing property: Describe the existing debt structure including the maturity date of the loan and any loan terms that would impact financing. Describe any existing affordability regulatory requirements that may be on the property. Leave blank if the proposed project is not on the applicant's existing property. BUDGET. List all funding sources.. List all funding uses. TABLES
Fill out the following table and list the type and affordability level of the proposed Committed Affordable Units: Type of Unit Up to 30% AMI Up to 40% AMI Up to 50% AMI Up to 60% AMI Up to 80% AMI Total Efficiency -BR -BR 3-BR 4-BR Total CAFS % of Total CAFS DOCUMENTS Upload documents to support your application. Only the documents listed as "Required" are necessary to submit the application. All other documents are optional. Experience Form Template. Applicants MUST upload experience form to be considered. (Download Template) - Required Audited Financial Statement or Equivalent. - Required One-page resume for each of the key staff persons that includes specific housing development experience and years of experience (limit up to 3 staff members per organization). - Required 30-year EXCEL proforma. Include detailed sources & uses, income & expenses, financing assumptions (interest rates, tax credit rates, etc.) cash flow split, repayment with ending balance. Show all formulas. No external links to workbook allowed. - Required Photo of the site. PDF of conceptual renderings/architectural plans (if prepared). Tax credit self-score sheet (if applying for 9% Low Income Housing Tax Credits). Appraisal (if already obtained).
Map of site including street names. Document showing evidence of site control (option agreement, LOI, purchase contract, etc.) Documentation of active listing of MARK property (if applicable).
DEVELOPER EXPERIENCE FORM Please scroll to bottom of form before submitting. Instructions: Provide at least one example of a multifamily project that has most recently been placed in service in the table below. If applying for Low Income Housing Tax Credits (LIHTC), include at least one example of past LIHTC projects. Only list projects whereas the applicant has been the developer or owner. Include up to 5 projects. Applicant: Names of Multifamily Projects Most Recently Placed in Service. Indicate Rehab or Role (including New Construction owner, developer, (NC) etc.) City and State Number of Units Placed in Service Example: Heritage Town Center, NC Developer Fairfax, VA 50 5-Jan Type of Financing (i.e., LIHTC, HUD, Property Management AHIF, VHDA, etc.) Company Property Website LIHTC, SunTrust, VHDA, Fairfax County Affordable Housing Program Funds ABC Properties www.heritagetc.com Contact Info (Organization, Name, Position, Phone #, e-mail) Planning Process Contact (for site plan, Gap Financer Asset form based code, use Management/Loan Compliance Officer permit, or special Gap Financer Contact Repayment Contact Contact Building Permit Contact exception applications) Fairfax County, John Smith, Housing Fairfax County, Anne Fairfax County, Eric Fairfax County, James Fairfax County, Jennifer Development Director, Smith, Asset Manager, Smith, Compliance Smith, Permit Specialist, Smith, Associate (999)999-9999, (999)999-9999, Officer, (999)999-9999, (999)999-9999, Planner, (999)999-9999, jsmith@fairfax.gov msmith@fairfax.gov esmith@fairfax.gov jsmith@fairfax.gov jsmith3@fairfax.gov 3 4 5 Development Team and Partners (developer, contractor, architect, etc.) Instructions: List the names of key development team members, if known, and their titles below (limit up to 3 staff members per organization). Attach one-page resume for each of the key staff persons that includes specific housing development experience and years of experience. Role Name Organization Title (e.g. executive director, project manager, development specialist, etc.) Developer Lead Contractor Lead Property Manager Lead Team 3 Members Architect Lead Landscape Architect Lead Civil Engineer Lead Team 3 Members Real Estate Counsel Lead Zoning and Land Use Counsel Lead Consultant Lead 3 Other: 3 Other: 3 Other: Service Providers Instructions: List up to five organizations that you have partnered with in the past five years to provide services (optional). Name and Address of up to Three Name of Organization Website Address Type of Service Developments Currently Receiving Services 3 4 5 Will Services be offered at Proposed Service Provider Contact Info (Name, Position, Development? (Y/N) Phone Number, E-mail) Sustainability Instructions: List key members of the design team with experience in green design and construction during the past 5 years (limit 5 design team members) (optional). Professional Endorsements, Name and Location (City/State) of a development with Green Name of Staff Member and Contact Certifications and Type of Green Design/Construction Design/Construction Features that incorporated Staff Member Name of Organization Information (Phone Number, Email) Accreditations Experience Experience 3 4 5 Property Website