The Falls Church Housing Corporation (FCHC): Another Year—Moving Forward with Your Help
ANOTHER YEAR has been added to the FCHC story. We are proud to share FCHC’s 2012 accomplishments, and remain dedicated to our mission of providing affordable housing for the most vulnerable residents in the City of Falls Church and the surrounding area. This annual reports highlights the many ways in which our future continues to look bright. Our Partnership with the City We remain grateful for the positive and productive relationship that FCHC has with the City of Falls Church and the staff at City Hall. FCHC has continued its efforts to promote and develop affordable housing initiatives through a cooperative agreement with the city. In this role, FCHC attended City Council meetings, hosted a public forum on the proposed Falls Church Affordable Housing Policy, served on the City’s Affordable Housing Task Force, participated in Planning Commission hearings on affordable housing, and worked to further the City’s Affordable Dwelling Units (ADU) guidelines. Public Sector Funding In the past year, FCHC received much needed Community Development Block Grants (CDBG) and social service funding. These grants, along with the reallocated HUD Economic Development Initiative (EDI) funds, have assisted with infrastructure and safety projects spotlighted in this report. We were also delighted to receive financial assistance for bi-weekly yoga classes. These classes have been extremely popular and help promote a healthy lifestyle for our residents and their Falls Church neighbors who also attend. Through the judicious use of these public sector funds and the excellent work of our management team, the quality of resident life in the Winter Hill and Virginia Village communities have significantly improved. Strategic Management and Expansion Looking forward, FCHC will explore attractive re-financing opportunities for our existing properties. We will continue to actively pursue opportunities for expansion in the City of Falls Church, including the possibilities for acquiring existing properties and undeveloped tracts of land. Working with churches, non-profit groups, governmental entities and private developers, we also explore the contiguous areas of Greater Falls Church for ways to expand the stock of affordable housing. As FCHC grows, we have begun to identify potential acquisitions and collaborations throughout Virginia in Lynchburg, Roanoke, Fredericksburg, Richmond, Petersburg, Newport News, and Norfolk. We have also done exploratory work in Martinsburg, West Virginia. Moving Forward with your Help As always, we need your help and value the Financial Partners listed in this report. Please ask your friends and colleagues to add their names to that list by supporting our worthy mission. We would be honored to share our story with your church, civic, and school groups.
Richard Burns President Falls Church Housing Corporation
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