Infill Development

By | September 17, 2019

The process of developing vacant or under-used parcels within existing urban areas that are already largely developed. Many communities have vacant land within jurisdictional limits, which, for various reasons, has been passed over in the normal course of urbanization. The Municipal Research and Services Center

Research Justifications – Supplement to Building Northern Virginia’s Future: Policies to Create a More Affordable, Equitable Housing Supply

By | June 3, 2019

This supplement provides the research and analysis that informed the findings and recommendations of the main publication.

TIF (Tax Increment Financing)

By | November 4, 2018

A financial tool used by local government to promote economic development in a designated, underdeveloped area, or area whose appeal would not increase without aid from a public subsidy. A TIF district earmarks increases in future property tax revenues that result from increases in real estate values in the district. The tax revenue can be… Read more »

Proffer

By | November 4, 2018

A trade agreement of sorts proposed by a person wishing to change the zoning of a property. The trade, or proffer is a voluntary negotiation for cash or dedications of property for a land use that may impose public costs to offset any negative consequences that could result from the zoning change. Virginia Association of… Read more »

Pro-Forma

By | October 22, 2018

A pro-forma analysis is a set of calculations that projects the financial return that a proposed real estate development is likely to create. It begins by describing the proposed project in quantifiable terms. It then estimates revenues that are likely to be obtained, the costs that will have to be incurred, and the net financial… Read more »

Qualified Allocation Plan

By | October 22, 2018

The Qualified Allocation Plan (QAP) is a set of eligibility requirements that a state creates and uses to determine which projects receive low income housing tax credit (LIHTC) allocations. The QAP is reviewed and modified on a regular basis to reflect changing priorities.

Publicly Owned Land

By | June 14, 2018

Land owned by a public entity, such as a local government, school district, parks authority, or transit agency. A public entity may use this land for development of affordable housing; offer it to development entities at a discount; or sell it and use the proceeds to fund affordable housing development.

Home Slider

By | March 30, 2018

A house is a home when it shelters the body and comforts the soul… ~Phillip Moffitt The Housing Toolkit is designed for advocates to assist local government policymakers-elected officials, members of planning commissions, and representatives of housing advisory boards-in understanding the fundamental tools and programs that support affordable housing.

Hello world!

By | March 29, 2018

Welcome to WordPress. This is your first post. Edit or delete it, then start writing!