(Limited Equity Homeownership Opportunity)
Persons interested in purchasing a home that is built or renovated with assistance from Arlington County and is affordable to households with low or moderate income are invited to place their names on a Notification List. Approximately 5 to 10 units may become available for sale each year.
Placement on Notification List
Mail the following information to Arlington County’s Homeownership Program. (after you have submitted a Homebuyer Assessment Form to the County’s Homeownership Program, and received back a letter stating your eligibility for the program):
Only families earning less than 80% of the median income per family size are eligible for placement onto the Notification List. Click here and scroll down to "Home Ownership Programs" to see income limits.
The Notification List for Affordable Properties is administered by AHC, Inc and Arlington’s Homeownership Program (HOP). HOP screens all applications for the Notification List before forwarding them to AHC, Inc. Once your name has been placed on the Notification List, you are then eligible to be contacted when an affordable homeownership unit becomes available for sale.
Notification List Selection Process
The Notification List for Affordable Properties are a limited equity homeownership opportunity. For all Notification List properties, Arlington County will have a perpetual the right of first refusal, to re-purchase the property at a Set Price, or identify another qualified low/moderate household to purchase the home at the Set Price.
The Set Price is calculated as: original price paid, plus annual appreciation based on increases in the Area Median Income (average 2-3% annual appreciation), plus the cost of capital improvements made to the property.
To respond regarding a specific property, you must, prior to the deadline indicated in your notification letter:
Arlington County Homeownership Program
Attention: Doug Myrick or Odalis Barrios
2100 Clarendon Blvd., Suite 700, Arlington, VA 22201
(703)-228-3765 ext. 3793, fax: (703)-228-3834
AHC,Inc . Mr. Rick Holliday
Address: 2230 North Fairfax Drive, Suite 100
Arlington, VA 22201
(703) 486-0626 ext. 32, fax (703) 486-0653
AHOME (VHDA education): (703) 527-3854