AGENDA REQUEST

Sponsor:

Board of Supervisors Meeting Date: 

William G. Downey,  Scott District Supervisor

August 9, 2007

Staff Lead:

Department: 

Anthony I. Hooper, Deputy County Administrator

 County Administration

Topic: 

A Resolution Directing Staff to Proceed with Development and Implementation of a Pilot Affordable Housing Program

 

Topic Description:

On June 18, 2007, Virginia Housing Development Authority (VHDA) awarded Fauquier County $1,000,000 in Sponsorsing Partnerships and Revitalizing Communities (SPARC) funding for its affordable housing program for first time home-buyers, which the Board of Supervisors, at its July 2007 meeting, voted to accept.  Pursuant to the acceptance of these funds, County Administration has developed key criteria for Fauquier’s pilot program.  This criteria was developed with the assistance of the consultant used to provide part-time staffing assistance to the Affordable Housing Committee, and after reviewing affordable housing program criteria established by other local jurisdictions in Virginia.  In order to implement the recommended program the County will need to adopt an Ordinance as provided for in the Code. 

The Code of Virginia states in § 15.2-958.2:

In order to ensure its competitiveness as an employer, a locality may, by ordinance, provide for the use of funds, other than state funds, to provide home-ownership grants to employees of the locality, employees of the school board and employees of constitutional officers, to purchase their primary residences in the locality. The ordinance shall require that individual grants not exceed $25,000 per employee, nor lifetime cumulative grants exceed $25,000 per employee. Any such grants issued shall be subject to the Virginia Housing and Development Authority regional sales price and household income limitations. The ordinance may establish such other terms and conditions to ensure the integrity of the home-ownership grant program.

While the County’s proposed program recommends assistance in the form of a forgivable loan, to ensure compliance with the State Code, it is recommended the County adopt an Ordinance as allowed in the Section quoted above.  Pending direction of the Board of Supervisors, the County Attorney will draft an Ordinance for consideration by the Board, and schedule a public hearing at its September meeting. 

Attached is a matrix of the key criteria proposed for the pilot affordable housing program in Fauquier County.  It should be noted that although preference will be given to employees working for local governments within the County and seeking to purchase a home in the County, staff proposed criteria broad enough to allow citizens of the County not employed by local governments to participate, should funding be available.  Also, the terms proposed for the down payment/closing costs assistance loan from the County are consistent with the loans provided for the Botha development. 

For the Board’s information and review, a matrix of key criteria used by other jurisdictions to screen affordable housing program applications is attached.

 

Requested Action of the Board of Supervisors: 

Consider adoption of the attached resolution.

Financial Impacts Analysis:

A portion of the FY 2008 affordable housing budget will be used to provide the local funds required for this program.

 

Identify any other Departments, Organizations or Individuals that would be affected by this request:

Affordable Housing Committee

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