Affordable Housing Trust Fund (AHTF) Application

Village of Arlington Heights
Application to the Arlington Heights Affordable Housing Trust Fund (AHTF)
*Applications should be submitted online. Deadline: End of Day June 30^th, 2026.

Late applications will not be accepted.*
Overview of Application
- General Information
- Project Team
- Project Description
- Financial Information
- Attachments
- Acknowledgement
- Review and Submit
Required Attachments to the Application
In addition to the submittal requirements described in the body of the Application, the following attachments may apply to your application:
- Complete Use & Cost table, Annual Expenses table, and Development Pro-Forma (excel workbook - found on Village's website under AHTF webpage)
- Development Pro-Forma (for any additional analysis and/or documentation)
- Certified Loan Documents (proof of financial commitment which identifies source, amount, rate, term, security, and annual payment)
- Documentation of awarded funding
- Existing, proposed, and/or approved site plans, plats, and unit plans
- Deed to property or lease
- Work samples, illustrations of past projects, other documentation of community projects and partnerships
- Detailed marketing plan targeting project's expected populations
The Village of Arlington Heights reserves the right to request additional information and/or documentation with regard to the project.
Questions?
Please direct questions regarding the application requirements and attachments to the Planning & Community Development department at planningmail@vah.com or 847-368-5200.

General Information
Applicant Information
Applicant Name(s):
Primary Contact Person:
Address:

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
Federal Tax ID #:
Project Contact:
Phone Number:
Format: (000) 000-0000.
Email Address:
example@example.com
PartnershipCorporationNon-ProfitOther
Project Information
Project Name:
Project Address:

Street Address

Street Address Line 2

CityState / Province

Postal / Zip CodeCountry
Property PIN(s)
Total Cost of Project:
Amount Requested from Affordable Housing Trust Fund:

Project Description
Project Activity
Creation and preservation of affordable housing including, without limitation, new construction, rehabilitation and adaptive re-use; orAcquisition and disposition, including without limitation, vacant land, single-family homes, multi-unit buildings, and other existing structures that may be used in whole or part to provide affordable housing
Priority Populations
Senior/elderlyVeteransPersons with disabilitiesCurrent Arlington Heights residentsEmployees of Arlington Heights businesses or organizations
Project Narrative
Please provide a narrative of your project, demonstrating how it meets the Village’s priority to provide or preserve affordable housing units* within the Village of Arlington Heights. Provide details that identify who will be served, how the services will address systemic challenges in the community, which housing needs are addressed, anticipated outcomes, etc. This narrative should also encompass how this project is tailored to specific eligible activities, priority populations, and advancing high-level priorities as identified by the Village of Arlington Heights.
What is the proposed affordability period for the affordable units in the project? How will the affordability period be enforced and monitored over time?
What is the management plan for ongoing maintenance? Who will be responsible for maintenance?
* An eligible affordable housing unit is defined as having income at or below eighty percent (80%) of the Area Median Income (AMI) adjusted for household size for for-sale units and at or below sixty percent (60%) of AMI adjusted for household size for rental units.
Timeline
The applicant must clearly identify all necessary steps to obtain project approval and move the project through to completion. This could include details of: (1) property acquisition, (2) zoning entitlements, (3) application process/timeline to secure additional funding such as LIHTC, HOME, CDBG etc. or private equity, (4) permitting, construction, and occupancy timeframe, (5) and so on. Identify the proposed steps when funds would be expended, including expending the Affordable Housing Trust Fund monies. A Gantt chart is the preferred method in providing this information, and if used, should be attached to this application.

Proposal
Single family detachedDuplexRowhome/townhouseHigh-riseOther
Please complete the table below for existing and/or proposed units. If the proposal includes for sale units, the second table should also be completed
Rental Units

Rows	Unit Type (studio OR # bed/ # bath)	Total Units	Affordable Units	Unit Square Feet	Gross Rent	Target AMI %
1
2
3
4
5
6
Totals (excluding Unit Type column)

For Sale Units

Rows	Unit Type (studio OR # bed/ # bath)	Total Units	Affordable Units	Unit Square Feet	Gross Mortgage	Target AMI %
1
2
3
4
5
6
Totals (excluding Unit Type column)

Financial Information
Funding
In the following table, list the:
- Various sources of funding used to finance the project
- Funding type (grant. loan, or other funding mechanisms)
- Evidence that the funding source has been secured (provide copies of committment letters and/or grant awards)
- Dollar amount of funding provided
- The percentage for each source out of the total amount of project cost

Rows	Funding Type	Has the funding already been secured?	Amount	Percentage
AHTF
Non-AHTF Village Funds
County
State
Federal
Private
Other
Total

Based on the table, explain details on limitations for non-trust fund sources.
One of the requirements for use of monies expended from the Affordable Housing Trust Fund is for regenerations of the fund. What portion of the funding received would regenerate for the Affordable Housing Trust Fund?

Use & Cost

Download the excel workbook (see under "Attachments" section) to fill out the Use & Cost table. Please complete only those areas applicable to your proposal. For each cost category, if applicable, you must enter the requested Affordable Housing Trust Fund monies being allocated to the category. Submit the completed excel workbook as an attachment.
Annual Project Income / Expenses (Maintenance)

Provide this information for the first year of operation.
Annual Income
Annual Expenses

Download the excel workbook (see under "Attachments" section) to fill out the Annual Expenses table. Provide the following information based on the first year of operation. Submit the completed excel workbook as an attachment.
Development Pro-Forma

Download the excel workbook (see under "Attachments" section) to fill out the Development Pro-Forma information. Any other analysis or documentation that would aid in the review for the Pro-Forma should be provided as an attachment.

Attachments
Required Attachments to the Application
In addition to the submittal requirements described in the body of the Application, the following attachments may apply to your application:
- Completed Use & Cost table, Annual Expenses table, and Development Pro-Forma (excel workbook - found on Village's website under AHTF webpage) Development Pro-Forma (for any additional analysis and/or documentation)
- Certified Loan Documents (proof of financial commitment which identifies source, amount, rate, term, security, and annual payment)
- Documentation of awarded funding
- Existing, proposed, and/or approved site plans, plats, and unit plans
- Deed to property or lease
- Work samples, illustrations of past projects, other documentation of community projects and partnerships
- Detailed marketing plan targeting project's expected populations
The Village of Arlington Heights reserves the right to request additional information and/or documentation with regard to the project.
File Upload

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Acknowledgement
To be considered for funding through the Affordable Housing Trust Fund (AHTF), all applicants must understand and agree to the following requirements:
Eligibility and Commitment Requirements
By submitting this application, the applicant acknowledges that:
- Projects must serve individuals or families at or below annual household income of 80% of Area Median Income (AMI) of the Chicago-Naperville-Joliet Metropolitan Statistical Area (MSA) for sale units.
- Projects must serve individuals or families at or below annual household income of 60% of Area Median Income (AMI) of the Chicago-Naperville-Joliet Metropolitan Statistical Area (MSA) for rental units.
- Rents or sale prices must remain affordable (no more than 30% of gross household income).
- If a loan is approved for the applicant's proposal, the applicant must sign and record liens and other legal agreements tied to the property.
- The Village of Arlington Heights requires that financing from other sources be committed prior to the release of funds from the Affordable Housing Trust Fund.
- Applicants must be in good standing with the Village of Arlington Heights and all outstanding fees, invoices, bills, etc. should be paid prior to funding from the Affordable Housing Trust Fund is granted to the applicant.
- Applicants must demonstrate the ability and commitment to complete and manage the proposed project, including:
  - Demonstrating past experience of similar size and scope
  - Strong fiscal oversight and project management
Monitoring Requirements
- The Village of Arlington Heights or its designee, is granted permission to conduct site visits, performance evaluations, and financial monitoring throughout the affordability period. These evaluation measures may be revised from time to time. The applicant will adhere to these revised measures.
- Applicants are required to submit annual complince reports after project completion and the intitiation of the project's operation. If the project falls under the standards set by the Inclusionary Housing Ordinance (IHO) (Ord. 2020-025), this compliance reporting for the Affordable Housing Trust Fund will be an additional section in the Inclusionary Housing report.
- Additional Documentation: As a condition of funding received from the Affordable Housing Trust Fund, applicants are required to periodically submit to the Village of Arlington Heights or its designee, certain additional information and documentation as may be required for compliance with the Affordable Housing Trust Fund Guidelines.
Agreement
By signing below, I acknowledge that I have reviewed and understand the core program requirements summarized above. I understand that submitting this application does not guarantee funding and that final approval is contingent upon Staff, Housing Commission review, Village Board authorization, and execution of all required agreements. I recognize that Village staff may require further information aside from requirements already stated in this application form. To the best of my knowledge, I have provided sufficient responses to the inquiries.
Applicant Name:
Title/Organization:
Signature:
Date:

MonthDayYear
Date

Review and Submit
Overview of Application
- General Information
- Project Team
- Project Description
- Financial Information
- Attachments
- Acknowledgement
- Review and Submit
Should be Empty:

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Village of Arlington Heights

Application to the Arlington Heights Affordable Housing Trust Fund (AHTF)

Overview of Application

Required Attachments to the Application

Questions?

General Information

Applicant Information

Project Information

Project Team

Team Member Narrative

Ownership

Experience

Project Description

Project Activity

Priority Populations

Project Narrative

Timeline

Proposal

Rental Units

For Sale Units

Site Information

Site Description/Land Use Status

Financial Information

Funding

Use & Cost

Annual Project Income / Expenses (Maintenance)

Annual Expenses

Development Pro-Forma

Attachments

Required Attachments to the Application

Acknowledgement

Eligibility and Commitment Requirements

Monitoring Requirements

Agreement

Review and Submit

Overview of Application