News from AHC Inc. l February 2020

Developing affordable homes and helping communities thrive since 1975.

The Spire Reaches Skyward

The Spire is starting to take shape in Alexandria, VA. The project will welcome 113 families to affordable homes in 2021. The Episcopal Church of the Resurrection's new worship space, which is adjacent to the apartment building, is also starting to emerge. Watch the project come alive on our construction cam. Link below.

Construction Cam

AHC Teens Learn About Carpenter Trade Career Options and Training Programs

AHC's College and Career Readiness Program (CCR) exposes teens to a wide variety of experiences to open their eyes to potential career paths. Recently, about 30 teens visited the Mid-Atlantic Carpenters Training Center to learn about different trades and post-secondary options.

Students toured the facility and learned about different trades such as carpenter, welder, pile driver, and much more. Students built a tool box with the help of current apprentice students and also participated in a virtual reality experience of what it's like to be a welder.

While CCR focuses primarily on college, we also recognize there are other paths to success after high school. This trip was an opportunity for our students to see first-hand that participating in trade programs is another way to build a solid career and earn a good salary.

Take Action: Support Arlington's Housing Loan Fund

"The AHIF loan fund is the glue that helps cement the financing package."

AHC currently has 24 affordable apartment communities in Arlington. Of those, 20 include funds from Arlington County's revolving low-interest loan program, the Affordable Housing Investment Fund (AHIF).The AHIF program is integral to leveraging other investment dollars. Over the years, AHC has received $94 million in loan funds from Arlington County, which has helped capitalize nearly $400 million in real estate development.

"Financing affordable housing requires securing a variety of resources," says AHC's President & CEO, Walter D. Webdale. "The AHIF loan fund is the glue that helps cement the financing package."

AHC repays part of our AHIF loans every year. Recently, AHC deposited $710,000 into the fund. This repayment boosts AHC's total repayments to more than $45 million since the AHIF program began in 1988. The payments vary from year to year. Last year, AHC returned $4.9 million to the fund.

Currently, Arlington County allocates an average $14.3 million to its AHIF fund each year. Affordable housing advocates are requesting an increase to $25 million in FY21 to help meet the growing demand for housing affordability in the County.

The Alliance for Housing Solutions is leading a campaign to build the County's investment in affordable housing and increase the AHIF funding. Click the link below to to add your voice and take action.

Take action for more affordable housing in Arlington!

Supporters of the Combined Federal Campaign

can pledge to AHC via CFC #77198. Thank you!