New housing projects in Virginia to provide nearly three thousand units for low-income families
Virginia – Governor Glenn Youngkin has announced a significant boost to affordable housing across Virginia, with over $139 million allocated to the Affordable and Special Needs Housing (ASNH) program. This investment will fund 41 housing projects and create nearly 3,000 housing units for low-income and extremely low-income households across the Commonwealth.
Strengthening Communities with Affordable Housing
Governor Youngkin emphasized the importance of accessible housing in building a strong economy and stable communities.
“Providing accessible and affordable housing for all Virginians is more than a fundamental need—it’s a cornerstone of our state’s prosperity,” said Governor Youngkin. “When we prioritize housing affordability and availability, we drive economic progress, fortify our communities, and build a stronger, more vibrant Virginia for generations to come.”
The ASNH program, administered by the Virginia Department of Housing and Community Development (DHCD), simplifies the process for funding applications by combining state and federal resources. Funding sources include the federal HOME Investment Partnerships Program (HOME), the federal National Housing Trust Fund (NHFT), Housing Innovations in Energy Efficiency (HIEE), and the Virginia Housing Trust Fund (VHTF).
The VHTF plays a critical role in financing new affordable housing projects, supporting homeless reduction grants, and expanding long-term housing solutions for individuals experiencing chronic homelessness. The General Assembly provides this funding to ensure housing options remain affordable and accessible to Virginians in need.
Investing in Virginia’s Housing Future
State officials stressed that expanding affordable housing remains a key priority for Virginia’s economic and social well-being.
“Affordable and accessible housing is essential for a thriving economy, and our dedication to addressing this critical need remains steadfast,” said Secretary of Commerce and Trade Caren Merrick. “These efforts will not only enhance and grow our affordable housing stock but also pave the way for a stronger, more resilient, and prosperous Virginia for everyone.”
The ASNH program operates through a competitive selection process, with 72 applications submitted in this round requesting over $221 million in funding. The 41 projects chosen for funding will unlock an estimated $2.1 billion in combined resources from federal, state, local, and private sources, significantly expanding Virginia’s affordable housing infrastructure.
Projects Receiving Funding
Among the projects approved for funding, several received the maximum award of $5 million, including:
- Harrisonburg Family I – City of Harrisonburg
- Bluestone Town Center Family I – City of Harrisonburg
- Choice Neighborhoods V – City of Newport News
- 1025-A Park Street – City of Charlottesville
- 501-A Cherry – City of Charlottesville
- Gosnold II Apartments – City of Norfolk
- CH3 North Four – Arlington County
- CH3 South Nine – Arlington County
- Ladrey Fairfax – City of Alexandria
- Ladrey Wythe – City of Alexandria
Other major projects receiving multi-million-dollar funding include affordable senior living communities, workforce housing developments, and housing for individuals transitioning from homelessness.
These projects will be distributed across various regions in Virginia, addressing housing shortages in urban and rural areas alike.
As Virginia continues to expand its affordable housing options, the impact of these investments will be felt across the state, from major metropolitan areas to smaller communities in need of housing stability.
“These investments will unlock $2.1 billion in combined federal, state, local, and private resources to develop and preserve housing options for communities across the Commonwealth,” said Bryan Horn, Director of the Virginia Department of Housing and Community Development.
With continued support from the state government and community partners, Virginia is taking a significant step toward ensuring every resident has access to safe, stable, and affordable housing.
To learn more about the Affordable and Special Needs Housing program, visit www.dhcd.virginia.gov/asnh.
