WASHINGTON, D.C., USA — Over $98 million in federal funding was awarded to address affordable housing across the Commonwealth.
U.S. Senators Mark R. Warner and Tim Kaine announced that $98,617,544 in federal funding is going toward affordable housing, community development and homelessness assistance.
“No Virginian should be worried about whether they’ll have a place to sleep at night,” said the senators. “We’re glad this funding will support community development projects, improve and construct affordable housing options, and help more Virginians stay in their homes.”
Earlier this week, the senators announced over $55.5 million in federal funding to improve affordable housing throughout Virginia.
The funding was awarded by the U.S. Department of Housing and Urban Development’s Community Development Block Grant, HOME Investment Partnerships Program, Emergency Solutions Grant, Housing Opportunities for Persons with AIDS Program and Housing Trust Fund.
A breakdown of the funding by program is below:
The Community Development Block Grant (CDBG) funding amount is $58,272,106. The CDBG program provides flexible funding to states, cities, and counties to support community development, including infrastructure, economic development projects, housing construction or rehabilitation, public facilities upgrades, homeowner assistance, and more.
The HOME Investment Partnerships (HOME) funding amount is $24,637,492. The HOME Program provides grants to states and localities that communities use - often in partnership with nonprofits - to build, buy, or rehabilitate affordable housing and provides direct rental assistance to low-income individuals.
The Emergency Solutions Grant (ESG) funding amount is $5,047,275. The ESG program provides funding for emergency shelter for people in crisis, outreach and essential services to those living on the streets, re-housing services, and homeless prevention programs.
The Housing Opportunities for Persons with AIDS (HOPWA) funding amount is $6,821,743. The HOPWA program provides housing assistance and support services to low-income individuals living with HIV/AIDS and their families.
The Housing Trust Fund (HTF) funding amount is $3,838,928. The HTF program provides grants to states to preserve, build, and rehabilitate affordable housing for extremely low- and very low-income households.
