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A program created by Democrats in 2021 has awarded $60 million in Housing Opportunity Tax Credits to investors developing affordable rental housing throughout Virginia.
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Created in 1972 with the passage of Virginia’s Fair Housing Law, and four years after the passage of the federal Fair Housing Act, Virginia’s Fair Housing Office celebrates 50 years in 2022.
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The groundbreaking was for a two-story, three-bedroom, 2.5-bathroom home in Lynchburg to be built with new science that promotes net-zero housing technologies.
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Apex Clean Energy has made a commitment of $1 million to support affordable housing redevelopment in downtown Charlottesville through a donation to the affordable housing opportunity fund.
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Ralph Northam, as governor, pushed to increase housing subsidies as the solution to the affordable-housing crisis. Glenn Youngkin thinks the solution is a pushback against restrictive local zoning regulations.
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Affordable and special needs housing got a boost through more than $27 million in loans for 34 projects across the Commonwealth. Two projects in Staunton received funding.
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Mortgage rates are higher than they have been since 2008, and a Virginia Tech expert says consumers shouldn’t expect rates to go down anytime soon.
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A $50,000 Community Impact Market analysis grant from Virginia Housing will soon help the City of Harrisonburg move forward on a recommendation from the 2021 Comprehensive Housing Assessment and Market Study.
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Staunton has been awarded $317,340 in federal funding for affordable housing, and Waynesboro stands to get $187,537 in affordable housing funds from monies coming from the U.S. Department of Housing and Urban Development.
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U.S. Sens. Mark R. Warner and Tim Kaine announced $1,402,421 in federal funding for affordable housing for Virginia Tribes.
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