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Seal of the Governor
For Immediate Release: July 2, 2020
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 More Than $10.3 Million to Support 790 Affordable Housing Units

14 projects include new construction and rehabilitation of affordable and permanent supportive housing

RICHMOND—Governor Ralph Northam today announced more than $10.3 million in Affordable and Special Needs Housing (ASNH) loans for 14 projects across the Commonwealth, creating or preserving 790 affordable housing units for low-income and very low-income Virginians. The projects will support new construction and rehabilitation of affordable housing and permanent supportive housing for vulnerable populations and will leverage over $181 million in additional federal, state, local, and private lending resources. 

“Quality affordable housing is essential to creating vibrant communities and ensuring that every Virginia family has the opportunity to thrive,” said Governor Northam. “That’s why I committed to doubling the Virginia Housing Trust Fund this past General Assembly session and will continue to prioritize efforts to transform our housing stock. This increased funding is even more critical as we work to address homelessness, reduce evictions, and help Virginians facing economic challenges due to the COVID-19 pandemic.”

The funding comes from the federal HOME Investment Partnerships Program, the federal National Housing Trust Fund (NHTF), and the Virginia Housing Trust Fund (VHTF). The Virginia Housing Trust Fund is a key source of financing for this initiative. Governor Northam worked with the General Assembly to double the Virginia Housing Trust Fund to $14 million in the previous fiscal year, which enabled additional awards to projects that will create and preserve affordable housing units, reduce the cost of housing, and increase homeownership. 

ASNH loans are awarded through a competitive process, combining state and federal resources to ensure a simplified application process. The Department of Housing and Community Development administers the program to support the creation and preservation of affordable housing and permanent supportive housing for Virginia’s most vulnerable citizens.

“Each of these projects will help to address the significant affordable housing needs of the Commonwealth,” said Secretary of Commerce and Trade Brian Ball. “These new affordable housing units will boost the vibrancy of our communities and help attract economic development opportunities to these communities, while leveraging a variety of sources of funding. I thank our state agencies and the many partners involved in working to secure these important resources.” 

Spring 2020 Affordable and Special Needs Housing loans were awarded to the following organizations:

Organization

Project Name

Amount

Source

Project Location

Better Housing Coalition

Cameo Street Apartments

$800,000

VHTF

Richmond

Charlottesville Redevelopment and Housing Authority

South First Street Phase One

$800,000

VHTF

NHTF

City of Charlottesville

Community Housing Inc.

Brookland Park Apartments

$800,000

NHTF

Richmond

Community Housing Partners

Northway

$500,000

VHTF

Galax

Dakota Partners, Inc.

Brady Square 9%

$700,000

VHTF

Richmond

Humanities Foundation

Keswick Senior Apartments

$700,000

VHTF

Spotsylvania

Mark-Dana Corporation

King William Manor

$700,000

VHTF

King William

Project:HOMES

Omni Park Place Senior Apartments

$400,000

HOME

Hanover

Housing Partnerships

Powhatan Terrace Apartments

$700,000

HOME

Williamsburg

People Incorporated

Sweetbriar II Apartments

$800,000

VHTF

Abingdon

The Community Builders

Church Hill North Phase 2B

$700,000

VHTF

Richmond

The Maggie Walker Community Land Trust

CLT Scattered Site Homeownership

$440,000

VHTF

Richmond

Wesley Housing Development Corporation

The Waypoint

$700,000

VHTF

Fairfax

Wesley Housing Development Corporation

Senseny Place

$1,600,000

VHTF

NHTF

Winchester 

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