Back
Affordable Housing Fund (AHF)
AFFORDABLE HOUSING FUND (AHF) OVERVIEW
The establishment of an Affordable Housing Fund (“AHF”) and an Affordable Dwelling Unit (“AfDU”) program are identified as key implementation steps for the housing policies adopted by the Prince William County Board of County Supervisors as part of “Pathway to 2040: the Prince William County Comprehensive Plan” (“Comprehensive Plan”), on December 13, 2022. Ordinance No. 25-35 was approved on June 3, 2025, to establish the Affordable Dwelling Unit (AfDU) Ordinance under state enabling legislation Code of Virginia 15.2-2305.1, with the purpose of providing affordable housing for persons of low-moderate income through the Affordable Dwelling Unit Rental and For-Sale Programs. The Affordable Dwelling Unit (AfDU) Ordinance also authorized the creation of an Affordable Housing Fund.
The Prince William County Affordable Housing Fund (AHF) is a dedicated fund intended to provide flexible gap financing to development projects that will increase the supply and/or preserve affordable housing units in Prince William County and is a part of the Affordable Dwelling Unit (AfDU) Ordinance approved by the Prince William County Board of County Supervisors on June 3, 2025. The AHF’s primary purpose is to create and promote both affordable rental and home ownership opportunities for households with incomes at or below 80% of the Area Median Income (AMI) as defined by the U.S. Department of Housing and Urban Development (HUD) for the Washington-Arlington-Alexandria, DC-VA-MD Metropolitan Statistical Area and adjusted annually.
The Affordable Housing Fund was approved by the Board of County Supervisors on December 2, 2025, with revisions and recommendations from the Office of Housing and Community Development (OHCD) and final approval of the Affordable Housing Fund Policies and Guidelines by the Board of Supervisors on February 3, 2026.
Eligibility
Eligible loan applicants include non-profit and for-profit affordable housing developers that propose to provide affordable housing within the County. The units may be homeownership or rental housing and must be located in Prince William County. All applicants must have demonstrated capacity and experience developing products like that proposed, and with an acceptable credit history per the program’s underwriting guidelines.
Program Application and Funding Timeline
Image
How to Apply
- Review the AHF Program Guidelines
- Review the FY27 Notice of Funding Availability (NOFA)
- Complete Appendix A: Development Description Form
- Complete Appendix B: Loan Application Affidavit
- Click Here to complete the online application, and upload supporting documentation
This link will take you to the Prince William County Housing and Community Development Participant Portal. At the Participant Portal, click on Start Application for the Affordable Housing Fund Program.
Image
If you have to stop and come back later, you may click “Save”. In each application section, after all information has been filled in, click “Complete & Continue”.
_____________________________________________________________________________________________
Questions about the application process?
Send an email request to [email protected] or call 703-792-3753.
Internal Resources
External Resources
- Affordable and Special Needs Housing – Virginia DHCD
- HUD Funding Opportunities – Notice of Funding Opportunities (NOFO'S)
- National Housing Conference – Information on housing grants programs
- National Housing Trust Fund – Administered by Virginia DHCD – focused on 30% AMI and lower
- Virginia Affordable Housing Loan Fund: A 501-C3 that is also a statewide Community Development Financial Institution (CDFI)
- Virginia Housing Trust Fund: The statewide housing fund that was created by the Virginia General Assembly in 2013.
- Virginia Housing Low-Income Housing Tax Credit (LIHTC or Housing Tax Credit) - The federal Low-Income Housing Tax Credit (LIHTC or Housing Tax Credit) program is sponsored by the U.S. Treasury Department
- Virginia Housing Trust Fund Competitive Loan Pool | DHCD
Market context and useful information
Prince William County Affordable Housing Fund (AHF)
We are working on bringing you exciting content on the use of the Affordable Housing Fund - stay tuned for updates!
Frequently Asked Questions
Developers, both non-profit and for-profit, who would like more information about the Affordable Housing Fund and wish to receive an invitation to any informational meetings may send an email request to [email protected].
Visit the Office of Housing and Community Development (OHCD) website and learn about rental and homeownership programs offered by Prince William County.