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The Arlington Partnership for Affordable Housing Nina Janopaul, President/CEO, [email protected] APAH owns, develops and preserves quality homes that are affordable and enhance the Arlington community.

The Arlington Partnership for Affordable Housing

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The Arlington Partnership for Affordable Housing. Nina Janopaul, President/CEO, [email protected]. APAH owns, develops and preserves quality homes that are affordable and enhance the Arlington community. . APAH’s Tremendous Growth 1989-2011. 995 units in 12 properties - PowerPoint PPT Presentation

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Page 1: The Arlington Partnership for Affordable Housing

The Arlington Partnership for Affordable Housing

Nina Janopaul, President/CEO, [email protected]

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

Page 2: The Arlington Partnership for Affordable Housing

APAH’s Tremendous Growth 1989-2011• 995 units in 12

properties• 8 properties funded

with LIHTC• 8 properties funded

with HOME loans• 11 properties funded

with AHIF• 170 residents receive

rental or supportive services

• North and South Arlington Resident Services

Page 3: The Arlington Partnership for Affordable Housing

Buchanan Gardens• Built 1949• APAH Purchased 2009• $30 million renovation includes

all new systems and finishes, energy-saving features, expanded units community room and playground.

• Arlington AHIF and LIHTC financing

• Renovation complete in Aug 2012

111 Units • 100% affordable units (50% and

60% AMI)• 1, 2, and 3 bedroom units

PRESERVATION

Page 4: The Arlington Partnership for Affordable Housing

Arlington Mill • Groundbreaking: Late

summer 2012• Completion: December

2013• 4 story, new wood-frame

construction• Public land for public good• Earthcraft certification• $30 million project• LIHTC financing

PIPELINE

122 units• 121 affordable units (40%, 50% and 60% AMI• Innovative 8-unit efficiency wing targeting

those hardest to house.• Efficiency, 1, 2, and 3 bedroom units• All units are visitable

Page 5: The Arlington Partnership for Affordable Housing

The Need for Affordable Housing is Increasing:

Market rate (>80%)

Market rate (>80%)

40-60% MARKS

40-60% MARKS

CAFs CAFs