Anonymous wrote:No, both Garvey and Vihstadt favor AH. But they do not want to concentrate it in the western end of Columbia Pike and ghettoize that area further. I think everyone sees the good in AH but cannot agree on how the burden should be distributed. And it is a burden of affluence.
John and Libby are pretty terrific, in that they know how to maneuver reductions in affordable housing by making the conditions less hospitable. That way they don't have to come out against affordable housing, which we all know is a non-starter (in Arlington particularly).
Libby did so during
the budget closeout process last fall, as this clip indicates. The budget closeout allocates leftover County funds from unspent appropriations. Rather than attack a project that's gone through the citizen hearing and commission process, she raised a motion to unchain $8.2 million from unspent appropriations that had been linked to Arlington's Affordable Housing Investment Fund (AHIF). Then the money would be set into the general pot to meet whatever whims came up later.
True, the AHIF is a revolving fund--developers pay back loans that come from it. But to keep up with market and land costs, you need to make infusions into it each year so it maintains the same impact. It's like a bank that had $1 million in 1930, but needs say $300 million today to have the same impact.
If you can starve the revolving AHIF of additional funds, you can get rid of the liquidity that lets the County take advantage of opportunities. Take VPoint in Clarendon, the stupid First Baptist Church project that brought on the Presbyterian nonsense on Columbia Pike). That was able to move forward and withstand the lawsuits because there was enough in the AHIF to keep things liquid. The financing was close to falling apart as the lawsuits dragged things out. If Libby had been on the Board and had managed to cut the allocation of closeout money to AHIF year after year, there might not have been enough in AHIF to keep things liquid until the project broke ground.
That's however many kids who aren't heading out of vPoint to Taylor or Arlington Science Focus and sitting with your kids.
As for John Vihstadt, his expertise has really helped. If you didn't know, John is a partner at well-respected boutique firm Krooth and Altman. He specializes in representing the lenders in market-rate and affordable multifamily and health facility projects--ones that draw upon HUD, FHA and Ginnie Mae resources (h/t
http://www.krooth.com/attorneys/john-e-vihstadt/). He's been around the block, and it shows.
Take the Columbia Hills project on Columbia Pike in February 2015. That thing had gone through County Staff and all Commission vetting, a straightforward process since it was under the form-based code governing the look of new construction on Columbia Pike. The issue was whether or not to let AHIF funds be used to support the production of 229 units of so-called "committed affordable housing".
Yet late in that Tuesday night recess meeting,
John introduced a substitute motion that would take out language building to the form-based code's "maximum building footprint", and instead make the maximum 250,000 square feet.
This was incredibly smart. By shrinking the footprint, it messed up the financing that's assumed with the Columbia Pike form-based code. It appeared to be a bone thrown to the neighbors, but in reality it was a motion to destroy the project altogether! There was NO WAY that financing could be reconstructed, with tax credits due to expire, when the project had to take a haircut from the straightforward form-based code!
Libby joined John on this, but unfortunately the other three on the board realized that this wouldn't just be a symbolic shrinking but a
de facto "no" on the entire project. But that's the type of thinking you need, to attack a project not directly but via small tweaks that can have a huge impact.
That's why I'm supporting Libby. She says the things she needs to running in a Democrat primary. But she's already established a brand as a maverick, and now she has an ally who's a tactical genius. When she wins, she'll convince at least one of the two new Democrats on the Board that the voters want retrenchment. That's 3 out of 5, and we'll finally start seeing tax cuts instead of housing these people.
Finally.