In July 2021, Virginia Housing announced $40 million in grants available to Virginia’s 21 Planning District Commission. The Virginia Housing PDC Housing Development Program was developed to expand new affordable housing units across the Commonwealth.
The CVPDC was awarded $2 million to execute the CVPDC Housing Development Program and is working collaboratively with the region’s housing delivery partners, including local governments, non-profit organizations, developers, housing authorities, and lenders, to develop new affordable housing units within the CVPDC planning region. The CVPDC will utilize up to $1.7 million of the awarded PDC Housing Development grant to provide gap funding to area housing partners to develop affordable units. All units must be complete by June 30, 2025.
Affordable Housing Grants Awarded
The CVPDC is pleased to announce another round of grant awards to support affordable housing development in the CVPDC area. $476,800 was awarded to three providers – Greater Lynchburg Habitat for Humanity, Rush Homes, and Amherst County Habitat for Humanity – to develop new affordable housing in the area. This award, combined with the previous awards, will result in a total of $1,699,931 in CVPDC Housing Development Grant funding to develop sixty-one (61) affordable units in the region. The five (5) developers awarded funds have amassed approximately $12,317,192 in additional public and private funds to bring these valuable affordable housing projects to fruition.
A full list of the awarded projects, including the developer, location, units and awarded amount, is shown below. Each of the units developed will be made available to individuals or families with incomes at or below 80% Area Median Income (AMI). A list of all of the projects awarded funding is presented in the table below.
The CVPDC, through two competitive grant rounds, received sixteen (16) applications, requesting approximately $5.6 million in funding requests. Project applicants included local governments, non-profit organizations, and for-profit developers. The quality of applications and the range of project proposals exemplify the need for affordable housing across the region. For more information, contact Kelly Hitchcock at kelly.hitchcock@cvpdc.org.
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