Columbia Pike Transit Oriented Affordable Housing (TOAH) Fund

The Columbia Pike Transit Oriented Affordable Housing (TOAH) Fund was designed to promote affordable housing development within designated boundaries of the Columbia Pike corridor.

Affordable housing developers who are applying for Low Income Housing Tax Credits (LIHTC) may put TOAH funds toward infrastructure-related items (like underground utilities, tree preservation and streetscaping) and County fees (such as Certificate of Occupancy, building permits and tap fees) to help keep their project under the Virginia Housing and Development Authority Total Development Cost limits and increase competitiveness for tax credits.

The Columbia Pike Tax Increment Financing (TIF) Area was established as a funding mechanism for the TOAH. Within specifically designated commercial and multi-family residential revitalization districts, 25 percent of tax revenue generated by new development and property appreciation will be dedicated to affordable housing along the Pike.

 

 

Virginia records brought to you by Hertzbach & Company. 

Attached Image: 
Contributed By: 
National Housing Trust

Other Items of Interest