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The Washington Area Housing Trust Fund was founded on the premise that the region needs a collective concerted way to address the shortage of housing for its workers. The housing shortage impacts businesses and this region by: making it difficult to attract and retain employees, forcing people to live on the fringes of the region where prices are more affordable leading to increased congestion on the roads and poor air quality, making it impossible for the teachers and firefighters that serve our communities to live in them, and forcing people who clean our offices and work in our stores to work two or three jobs and live in overcrowded housing. The Washington Area Housing Trust Fund is a regional housing loan fund that provides substantially below market interest rate predevelopment and interim development loans to nonprofit and for profit affordable housing developers in the Washington metropolitan region, which is defined as the District of Columbia, the City of Alexandria, Arlington County, the City of Fairfax, the City of Falls Church, Loudoun County, Prince William County, Prince George's County, Montgomery County, Frederick County, the City of Takoma Park, the City of College Park, the City of Rockville, the City of Gaithersburg, the City of Greenbelt, the City of Bowie.