Who will get $8.9 million for affordable housing in Virginia
These projects are focused on affordable new construction and rehabilitation housing projects, as well as permanent supportive housing options for people with intellectual and developmental disabilities.
Affordable and Special Needs Housing loans are awarded through a competitive process. The Virginia Housing Trust Fund is a key source of financing for these affordable housing initiatives to support moderate- and low-income families.
The Governor’s proposed budget includes an additional $19 million for the Virginia Housing Trust Fund over the next two years to bolster the state’s commitment to increase affordable housing for low- and very-low-income persons.
The Virginia Department of Housing and Community Development (DHCD) administers the Affordable and Special Needs Housing program and combines state and federal resources to ensure a simplified application process.
Funding comes from three main sources: the federal HOME Investment Partnerships Program, the federal National Housing Trust Fund (NHTF) and the Virginia Housing Trust Fund.
Seventeen applications were received, requesting more than $14.7 million.
These proposals were reviewed, evaluated, and scored, with proposals ranked and award offers recommended to the highest-ranking proposals based on funding availability. The funded projects will create or preserve 730 affordable housing units, targeting low-income and very low-income Virginians.
Who will get the money:
AHC $1,120,000 City of Alexandria
Arlington Partnership for Affordable Housing $700,000 Arlington County
Bay Housing $325,000 Gloucester County
Central Valley Habitat for Humanity $500,000 Harrisonburg
Community Housing Partners $800,000 Henrico County
Community Housing Partners 94 $700,000 Fairfax County
Community Housing Partners 47 $700,000 Fairfax County
Culpepper Community Development Corporation $180,607 Culpeper County
Greater Fredericksburg Habitat for Humanity $500,000 Fredericksburg
Hopewell Redevelopment and Housing Authority $500,000 Hopewell
People $700,000 Culpeper County
People $700,000 Fauquier County
REBJ $800,000 Loudoun County
The Community Builders $700,000 Richmond. ■