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Affordable Housing Fund (AHF)
The purpose of the Affordable Housing Fund (AHF) is to provide flexible gap financing to development projects that will increase the supply and/or preserve affordable housing units in Prince William County by encouraging private investment to address the critical affordable housing needs of County residents and the workforce. 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-WV Metropolitan Statistical Area and adjusted annually.
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
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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.
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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”.
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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