Gov. Northam announces over $24M in affordable, special needs housing loans

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(Photo: courtesy MGN)

RICHMOND, Va. (WFXR) — Gov. Ralph Northam announced on Monday that more than $24 million in Affordable and Special Needs Housing loans for 28 projects across Virginia, creating or preserving 1,635 affordable housing units for low-income Virginians.

The funding will help increase access to affordable housing, reduce homelessness, and provide permanent supportive housing options for individuals with intellectual and development disabilities.

“As the COVID-19 pandemic continues to create housing challenges in our Commonwealth and across the country, we are pleased to deploy this funding to support Virginians who are most in need. The Affordable Special Needs Housing program is a valuable resource for increasing the availability of safe, affordable, and sustainable housing for low-income Virginians, particularly those with special needs. With this round of funding, we will advance projects that strengthen our communities and help ensure every Virginia resident has the opportunity to build a healthy, productive life in our Commonwealth.”

Gov. Ralph Northam

The Virginia Department of Housing and Community Development (DHCD) administers Affordable and Special Needs Housing (ASNH) loans, which combine federal and state resources to provide a simplified and comprehensive application process.

Funding comes from three main sources:

  1. The Federal HOME Investment Partnerships Program
  2. The Federal National Housing Trust Fund (NHTF)
  3. Virginia Housing Trust Fund (VHTF)

Through the ASHN Program, DHCD also supports the creation of Permanent Supportive Housing (PSH) units to serve Virginia’s most vulnerable citizens.

In this round of funding, DHCD allocated more than $7 million through the HOME Program, over $4 million through the NHTF, $12.6 million through the VHTF and an allotment of $500,000 through PSH funds.

Locally, the following projects will be included:

  • Galax ($500,000 – VHTF)
    • Northway (Community Housing Partners)
      • Northway is an existing affordable multifamily development of 72 units, including one-, two-, and three-bedroom garden-style apartments. Eight of the units will be designed to meet Section 504 of the Rehabilitation Act, and two units will be designed to serve residents who are hearing and/or sight impaired. Sixty units will benefit from project-based rental assistance which means these households will not have to pay more than 30 percent of their income towards housing costs including utilities.
  • Lynchburg ($900,000 – HOME / $700,000 – VHTF / $450,000 NHTF)
    • Florida Terrace (Rush Homes, Inc.)
      • Florida Terrace will provide 31 affordable and accessible new construction apartments primarily for individuals and families with disabilities who also have incomes less than 60 percent of the AMI. Florida Terrace will set aside eight one-bedroom units for Permanent Supportive Housing and four units for persons with developmental disabilities. The Permanent Supportive Housing units will have rent subsidy via project-based vouchers provided by the Lynchburg Redevelopment and Housing Authority. The project includes one 23-unit, two-story building with an elevator and two additional quadruplexes with units at ground level.
  • Nelson County ($400,000 – HOME / $200,000 – VHTF)
    • Renaissance Ridge Phase I (Nelson County Community Development Foundation
      • The Renaissance Ridge Phase I project is the new construction of 60 housing units in the Wintergreen community, with 20 workforce housing units targeting families with household incomes less than 80 percent of the AMI. The proposed development has dedicated open space featuring minimal site disturbance and access to several amenities.
  • Pittsylvania County ($615,000 – HOME)
    • Southside Lofts (Landmark Asset Services, Inc.)
      • The Southside Lofts project will renovate Southside High School/Blairs Middle School, which was built in 1953, into 55 affordable units for low- to moderate-income individuals and families. The community will offer a wide range of amenities, including a computer room with free access to WiFi for residents, a fitness room, a community room, and outdoor recreation areas. Pittsylvania County will lease the former auditorium and make it available to the residents for public functions.
  • Pulaski County ($635,000 – NHTF)
    • Claremont School Apartments (Landmark Asset Services, Inc)
      • This project will redevelop the presently vacant Claremont Elementary School into 50 affordable housing units for low- to moderate-income individuals, families, and seniors. The proposed Claremont School Apartments will encompass the historic school building, originally completed in 1952, as well as a newly constructed three-story building. All units will be fully accessible.
  • Roanoke ($806,868 – HOME)
    • Habitat for Humanity Roanoke Valley Affordable Homes 2020 (Habitat for Humanity in the Roanoke Valley)
      • This project will build and renovate 10 single-family homes, including seven new builds and three rehabilitations. The properties will primarily be constructed within the Belmont-Fallon target area. Families will participate in seminars that prepare them for first-time homeownership and contribute to the construction of their homes, performing 200 hours of “sweat equity.”
  • Wytheville ($150,000 – PSH)
    • Fairview Town Homes (Helping Overcome Poverty’s Existence, Inc)
      • The Fairview Town Homes project will create 12 two-bedroom units, with four units reserved for Permanent Supportive Housing. The permanent supportive housing services will be provided through a memorandum of understanding with Mount Rogers Community Services.

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