What's New with Virginia Housing
Stay up to date with the latest news, announcements, events and more from Virginia Housing.
Partnerships Lead to New, Affordable Housing in NoVa
In an area known for high housing costs, hundreds of affordable, new residential units are now ready — thanks to a collaboration between Virginia Housing and Arlington Partnership for Affordable Housing (APAH). The Queens Court community is a welcome addition to this densely-populated section of Northern Virginia. The 12-story development in the Roslyn-Ballston area is scheduled to open in June 2021.
Grant Helps Plan Next Chapter for Historic Chincoteague Fire...
One of the hottest projects Virginia Housing is working on is the Community Impact Grant for the former Chincoteague Firehouse, located on Main Street in Chincoteague, Virginia. The $20,000 grant is being used to pay for a feasibility study and architectural report, which will help determine how to best use the building for residents of the island. The grant is made possible through Virginia Housing’s REACH Virginia program. Each year, Virginia Housing contributes a large portion of their net revenues into this program, providing funds to help meet critical housing needs across the state.
Improvements Coming for Richmond Housing Communities
Teamwork is essential to making sure Virginia residents have access to safe, affordable, housing. To that end, Virginia Housing is working with a team of housing partners to renovate 304 units in five different properties — and we’re providing $26.3 million in loans plus an allocation of federal Housing Credits to help make it happen.
Hosting Free Webinars for Military Homebuyers
Chatting it up LIVE: Homebuying with Virginia Housing is a series of free one-hour webinars designed to help VA-eligible homebuyers learn about the process of buying a home.
A new method of construction is bringing more affordable hou...
It’s no secret that we are living longer. Today, there are more than 46 million adults age 65 and older living in the United States. That number is projected to double by the year 2050. While living longer is a good thing, it also has some challenges. In the housing world, an older population living on fixed incomes means a need for more housing – and not just any housing – but the kind that is affordable, accessible and safe. How do we tackle that? We get creative and encourage others in our industry to do the same.
Addressing the Homeownership Gap
When it comes to homeownership, African Americans and other historically underserved communities continue to fall behind other households, by nearly a 21% margin. Why does the gap exist? Decades of discriminatory housing practices beginning in the 1930s made it nearly impossible for African Americans to purchase a home.