The Virginia Housing Development Auth, located in Richmond, VA, focuses on administering Affordable and Special Needs Housing loans to support the construction and rehabilitation of affordable housing units for low-income households. These loans are sourced from federal and state programs, including the HOME Investment Partnerships Program, the National Housing Trust Fund, and the Virginia Housing Trust Fund.
Through a competitive process, the DHCD awards funding to projects that aim to create accessible housing options, reduce the cost of affordable housing, and increase homeownership opportunities. Their dedication to addressing the critical need for affordable housing underscores their commitment to fostering economic growth and supporting homeless reduction initiatives within the Commonwealth.
Moreover, the DHCD plays a vital role in administering Community Development Block Grants to support projects that enhance housing, infrastructure, and commercial districts, benefitting low- and moderate-income Virginians. By filling crucial funding gaps, these grants contribute to the overall well-being and development of communities across Virginia.
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