Nina Janopaul, President/CEO, njanopaul@apah.org

Arlington Partnership for Affordable Housing

APAH owns, develops and preserves quality homes that are affordable and enhance the Arlington community.

Creating New Affordable Homes on Columbia Pike

2012 Leckey Forum

The Need for Affordable Housing is Increasing:

  CAFs40-60% MARKS

60-80% MARKS

Market Rate

(>80%)Unknown

Total rental stock

2000** 4,307 units 17,500 8,500 4,685 3,035 38,027

2011 5,900 units 5,298 11,017 21,340 0 43,555

change in market share

+ 3% - 34% + 2% + 37%    

Affordable Housing on Columbia Pike

14%

12%

25%

49%

Arlington County: Overall43,555 units

Committed AffordableUnits (CAFs)

60% Market AffordableRentals (MARKS)

80% Market AffordableRentals (MARKS)

Market Rate (>80%)

Unknown

13%

32%35%

19%4%

Columbia Pike9,077 units

CAFs60%

MARKS80%

MARKS

Market Rate

(>80%)Unknown Total rental stock

Arlington rental stock (overall) 14% 12% 25% 49% 0% 43,555

Columbia Pike rental stock 13% 32% 35% 19% 4% 9,077

Based on 2011 data

Columbia Pike BaselineColumbia Pike

CAFs 1,204

60% MARKS (40-60%)

2,924

MARKS (60-80%)

3,191

Market Rate (>80%)

1,707

Unknown 51

Total Rental Stock

9077

Neighborhood Planning Process

Potential CAFs Achieved Through Increased Density = 1800 units

SedonaDeveloper: JBG

Under construction in Rosslyn

Original site: 84 units (92 bedrooms)

New construction: 454 units

Affordable housing: 54 units (92 bedrooms)

In Rosslyn, JBG is building Sedona. JBG used the 25% bonus provision that allowed them to build 454 units of which 54 (92 bedrooms) will be affordable housing.

Innovation,Mixed Income

Example: Bonus density onsite for affordable units

New CAF Density Approved = 1300 units(on Committed Affordable sites)

Current CAF owners: APAH, AHC, Silverwood and Kettler

Columbia GroveYear Built: 1954

APAH purchased: 2003

Renovated: 2009

Neighborhood: Columbia Forest

# of Units: 208

# of Affordable Units: 130

Unit Sizes: 1 and 2 bedroom

Under Neighborhood Plan, could add 200-400 new units.

Preservation

Example: Potential for increased density at existing CAF site

Transfer of Development Rights = up to 1350 units

• Sending sites– Barcroft– Fillmore Gardens

• Receiving sites (assumes 3:1 ratio) – “Alternative heights” on

East End (300 units)

– New density on Pike nodes (450 units)

– New density off the Pike (600 units)

– New density onsite at Barcroft

Example: Potential transfer of development rights

Under the Neighborhood Plan property owners could sell density to commercial developer.

Fillmore Gardens Apartments559 one and two bedroom units on 24 acres

Barcroft Apartments1318 one, two and three bedroom units on 57 acres

Potential Arlington County Subsidy Needs

• AHIF need estimated at $85,000/unit for 3300 units not provided onsite• Consider new Tax Increment Financing to supplement AHIF• $280M total need, assumed without inflation, spread over 30 years at $9M/year

Pike Plan Identified Affordable Home Ownership a Priority

• 3,679 condos identified along Columbia Pike• Average price of $196,000 worth over $700 million in home ownership• Pike Plan recommended technical assistance to preserve this valuable

resource for first-time, low and moderate income buyers