From Fairfax County, VA's article:
The Fairfax County Redevelopment and Housing Authority (FCRHA) and Fairfax County were recently featured in the August edition of The Novogradac Journal of Tax Credits, highlighting their collective and unprecedented work in developing public-private partnerships to more effectively deliver affordable housing. The article, “Private Capital from Tech Industry Titans Seeks to Close Affordability Gap,” showcases the public-private partnership with Amazon in a new development and highlights Fairfax County’s forward-thinking and creative approaches to delivering high-quality affordable housing. The FCRHA and Fairfax County’s efforts demonstrate that inviting corporate America to be a part of the solution is a critical component to long-term success.
Early in 2022, the FCRHA and the Board of Supervisors doubled the county’s affordable housing development goal to a total of 10,000 net new units by 2034. Such an undertaking, at the scale to which local leaders have committed, is a challenging task. For the last several years, the FCRHA has been rewriting the affordable housing playbook, adding new strategies to advance development and preservation efforts. The county has made landmark investments of public land, local dollars, federal and state funding, proffered housing funds, and much more to generate a pipeline of more than 3,000 units in various stages of development toward its goal. But county leaders will be the first to agree that delivering affordable housing at such a scale cannot be a solitary government activity. Partnerships, creative thinking, and leveraging resources are critical as the county seeks to deliver affordable housing and community assets throughout the jurisdiction.
Read Fairfax County's article "FCRHA Receives National Recognition for Creative Efforts to Close the Housing Gap."