Virginia awards over $15 million to support middle-income housing projects in 14 localities across the Commonwealth

Richmond, Virginia – More than $15 million in state funding has been awarded through the Virginia Workforce Housing Investment Program to help create 550 new workforce housing units across 14 localities. Governor Glenn Youngkin announced the funding today, noting that the selected projects are expected to leverage over $200 million in additional private and public investment. The initiative is designed to strengthen communities, support business growth, and expand housing opportunities for working Virginians.

Supporting Families, Strengthening Communities

“Stable, affordable, and high-quality housing is foundational to strong communities, a growing Virginia economy, and long-term opportunity across the Commonwealth,” said Governor Glenn Youngkin. “Through the Workforce Housing Investment Program, we’re expanding housing options for working families, strengthening local economies, and ensuring Virginians can live, work, and raise their families in communities they’re proud to call home.”

Administered by Virginia Housing, the program supports homeownership and rental opportunities for individuals earning between 80% and 120% of the Area Median Income (AMI)—or up to 150% in rural regions. The program provides grants, loans, and subsidies in areas experiencing job growth or economic development. Localities near qualifying job announcements are eligible for up to $3 million in funding, while large-scale job expansions of 500 or more may receive up to $5 million.

Expanded Access and Strategic Focus

Governor Youngkin launched the program during the 2024 Virginia Governor’s Housing Conference through Executive Order 42, which formally connected economic development goals to housing supply. In October 2025, the Governor accelerated the program’s second round and introduced changes that included expanded rural eligibility, more flexible match requirements, and refined funding guidelines.

“Access to housing is vital to economic competitiveness, and communities that provide homes for their workforce are gaining jobs and spurring private investment,” said Secretary of Commerce and Trade Juan Pablo Segura.

“These projects showcase the strategic local and regional partnerships that are creating more affordable housing for middle-income families,” added Virginia Housing CEO Tammy Neale. “Virginia Housing’s investment reinforces the Commonwealth’s leadership in housing innovation and supports the growth of new industries and jobs across our great state.”

Award Recipients

The following applicants were selected for FY26 Workforce Housing Investment Program awards:

• Bay Aging – Middlesex County – $860,000

• City of Danville – City of Danville – $2,000,000

• City of Roanoke – City of Roanoke – $2,500,000

• Fluvanna Louisa Foundation – Louisa County – $270,000

• Industrial Development Authority of Halifax – Halifax County – $1,200,000

• Mount Rogers Planning District Commission – Smyth County – $700,000

• Nelson Community Development – Nelson County – $400,000

• Northern Shenandoah Valley Regional Commission – Page County – $1,000,000

• Partnership for Housing Affordability – City of Richmond – $2,500,000

• Scott County Economic Development Authority – Scott County – $1,000,000

• Town of Appomattox – Appomattox County – $400,000

• Town of Clifton Forge – Alleghany County – $1,000,000

• VCDC – City of Lynchburg – $250,000

• West Piedmont Planning District Commission – Franklin County – $1,000,000

These strategic investments reflect Virginia’s deepening commitment to meeting workforce housing needs in areas experiencing economic growth. The program ensures that as new jobs are created, housing availability keeps pace—allowing more Virginians to live closer to where they work and support their families in thriving, well-connected communities.