Virginia Announces Over $27 Million In Affordable & Special Needs Housing Loans

Virginia’s Governor Glenn Youngkin announced more than $27 million in Affordable and Special Needs Housing loans for 34 projects across the Commonwealth. The recommended projects will create and preserve 1,990 total units for low-income and extremely low-income households, including 137 permanent supportive housing, 1,588 new construction units, and 16 units for sale as homeownership opportunities.

The Virginia Department of Housing and Community Development (DHCD) administers Affordable and Special Needs Housing (ASNH) loans, which combine state and federal resources to provide a simplified and comprehensive application process. Funding comes from three main sources: the federal HOME . . .