A gap financing grant is available for affordable housing development.
The Central Virginia Planning District Commission (CVPDC) is seeking applications from public, for-profit, and non-profit developers for affordable housing projects.
The project may be a single-family, detached for purchase, or multi-family rental development. To be eligible for the Planning District Commission Housing Development Program Grant award from Virginia Housing, the development must include units for individuals and families with incomes at or below 80% of Area Median Income. A number of factors will be considered when evaluating an application, including the number of affordable units being developed, the ongoing maintenance of affordability, the level of development experience, and the project financing partners. The project must be completed by June 30, 2025.
“We must invest in affordable housing. Our community relies on affordable housing to help people support themselves and their families,” said Nina Rezai, Campbell County Director of Economic Development. “This grant will help developers provide affordable housing for Campbell County residents.
“We’re proud of the work that has come to life as a result of our investment–one that continues to further our mission of creating affordable, sustainable housing across the Commonwealth. We look forward to each project and the positive impact it will have on the families and communities involved,” said Chris Thompson, Director of Strategic Housing at Virginia Housing.
The application submission deadline is September 7, 2023.
Grant questions should be submitted before 5 p.m. August 16, to Kelly Hitchcock at firstname.lastname@example.org. Responses will be posted on the CVPDC website at https://www.cvpdc.org/community-development/housing.html. If necessary, an addendum will be posted to the website.
Those with developments in Campbell County who have questions or need assistance with this grant can call (434) 332-9643, or email email@example.com.