Seal of the Governor
For Immediate Release: February 1, 2019
Contacts: Office of the Governor: Alena Yarmosky, Alena.Yarmosky@governor.virginia.gov | Virginia Department of Housing and Community Development: Amanda Love, Amanda.Love@dhcd.virginia.gov, (804) 371-7006

Governor Northam Announces Over $8.9 Million in Affordable and Special Needs Housing Loans

Funding for affordable new construction and rehabilitation housing options for low-income Virginians

RICHMOND—Governor Ralph Northam today announced more than $8.9 million in Affordable and Special Needs Housing loans for 14 projects throughout the Commonwealth. 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.

“Access to affordable housing is critical to creating vibrant communities and maintaining strong regional economies across all of Virginia,” said Governor Northam. “Through the Affordable Special Needs Housing program, we are utilizing multiple state and federal resources to increase the availability of safe, affordable, and sustainable housing so that all Virginians have the opportunity to thrive in our Commonwealth.”

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.

“The Affordable and Special Needs Housing program fills gaps in financing to make possible the creation and preservation of affordable housing for low-income Virginians,” said Secretary of Commerce and Trade Brian Ball. “Virginia continues to put affordable housing at the forefront of its efforts to create a stronger Commonwealth for all.”

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.

Fall 2018 Affordable and Special Needs Housing Awardees:

Organization

Project Name

Amount

Project Location

AHC Inc.

The Spire

 $1,120,000

City of Alexandria

Arlington Partnership for Affordable Housing

Queens Court

 $700,000

Arlington County

Bay Housing

Daffodil Gardens Phase Two

 $325,000

Gloucester County

Central Valley Habitat for Humanity Inc.

Central Valley Affordable Housing

$500,000

City of Harrisonburg

Community Housing Partners

Apartments at Kingsridge 2

$800,000

Henrico County

Community Housing Partners

Residences at North Hill Bond 94

$700,000

Fairfax County

Community Housing Partners

Residences at North Hill Bond 47

$700,000

Fairfax County

Culpepper Community Development Corporation

Chandler Street Properties – Permanent Supportive Housing

$180,607

Culpeper County

Greater Fredericksburg Habitat for Humanity Inc.

Canterbury Subdivision Phase I South Street

$500,000

City of Fredericksburg

Hopewell Redevelopment and Housing Authority

Pipers Square Apartments

$500,000

City of Hopewell

People Inc.

Culpeper Crossing

$700,000

Culpeper County

People Inc.

Millview Apartments

$700,000

Fauquier County

REBJ INC.

Ashburn Chase

$800,000

Loudoun County

The Community Builders

Church Hill North Phase 2 Family

$700,000

City of Richmond

TOTAL

 

$8,925,607

 

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