Recent News

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06.07.2024
Funding will support community development financial institutions, small businesses and revitalization projects Governor Glenn Youngkin announced today $1.3 million in grants for seven projects through the Commonwealth’s Capital for Communities Fund (CCCF). The projects will expand lending to communities lacking banking options across the Commonwealth while providing technical assistance to future borrows for business ventures.  “As we grow Virginia’s economy, we must ensure that institutions across the Commonwealth have access to the capital they need to thrive,” said Governor Glenn Youngkin. “These seven projects will support growing local economies by expanding lending services to communities that need them most.”  CCCF was created to provide grants to community development financial institutions and other similar entities for the purpose of providing financing to small businesses, housing development and rehabilitation projects and community revitalization real estate projects. CCCF provides capital to Community Development Financial Institution (CDFIs) that will allow the organization to minimize the financial loss often associated with small loans and micro-lending and create other innovative tools that address critical gaps in the financing landscape.  “Small, local institutions are integral to building our economy, and we need to ensure they have access to the financing and technical assistance they need,” said Secretary of Commerce and Trade Caren Merrick. “By expanding capital and resources to these communities, we can support these previously unserved businesses to start, expand and thrive.”  The awarded projects are anticipated to leverage over $8 million in loans to 320 borrowers, providing over 4,300 hours of technical assistance and creating and/or retaining more than 270 business and over 640 jobs. “By removing these financial barriers, we can foster stronger entrepreneurial ecosystems in these small communities,” said Director of the Virginia Department of Housing and Community Development, Bryan Horn. “CCCF allows us to expand financing to these communities and fill crucial gaps in the financial landscape to allow them to flourish and grow economically.”  For more information on CCCF, visit dhcd.virginia.gov/cccf. Organization Project Name Award Community Investment Collaborative Accelerative Lending Impact Beyond Central Virginia $300,000 Freedom First Federal Credit Union Small Business Technical Support $300,000 People, Inc.  People Incorporated Financial Services CCCF 2024 $300,000 Bridging Virginia Capital Access Program 2024 $150,000 Shenandoah Community Capital Fund CDFI Certification and Lender Capacity Building $150,000 Virginia Affordable Housing Loan Fund CCCF 2024 $120,000 Appalachian Community Capital Building CDFI Capacity $30,000 TOTAL: $1,350,000  

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05.16.2024
The Virginia Department of Housing and Community Development (DHCD) has developed a draft application for the Department of Housing and Urban Development (HUD)’s Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Grant. The PRICE grant is intended to preserve long-term housing affordability for residents of manufactured housing or manufactured housing communities, to redevelop manufactured housing communities, and to primarily benefit low- and moderate-income (LMI) residents. Congress appropriated $225 million for competitive grants to preserve and revitalize manufactured housing and eligible manufactured housing communities and DHCD is eligible to apply for up to $75 million.  Funds can be used for:  Repair, revitalization, or replacement of manufactured housing;  Development or improvement of infrastructure that supports manufactured housing units;  Land and site acquisition;  Resident and community services including relocation assistance and eviction prevention;  Environmental improvements and activities to increase resilience to natural hazards; and  Planning activities DHCD is requesting written comments on the application draft be sent via email to feedback.ppc@dhcd.virginia.gov before 5 p.m. on Friday, May 31, 2024. Comments received after this time will not be accepted. Additionally, DHCD will outline the PRICE application and accept feedback on anticipated needs, statewide goals, and use of funds at a virtual public hearing on May 21, 2024, from 1:00- 2:00 p.m. Registration for this public hearing can be made here. We look forward to hearing from you as we develop this application! If you have any additional questions regarding these sessions, contact Chloe Rote at chloe.rote@dhcd.virginia.gov We look forward to hearing from you! View the Draft Application Here Watch the Recording of the Public Hearing Here

Southeast Crescent Regional Commission Logo

05.15.2024
Grants will support efforts to create jobs, improve infrastructure, and provide affordable housing Governor Glenn Youngkin today announced that he is recommending four projects for funding by the Southeast Crescent Regional Commission (SCRC), totaling $1.5 million in grants. SCRC will finalize approval of these project awards later this year.    “The Southeast Crescent Regional Commission supports job creation, affordable housing, increasing infrastructure and improving the lives of the over 51 million residents of the region,” said Governor Glenn Youngkin. “These funds will support locally driven projects that will spur economic development and help foster strong, vibrant communities.”    “By funding these, we are able to support economic growth and improve the quality of life for those who call this region home,” said Secretary of Commerce and Trade Caren Merrick. “We are taking proactive steps to foster the economic growth of the region, address its unique challenges and commit to its ongoing prosperity.”    The Southeast Crescent Regional Commission (SCRC) is a federal-state partnership authorized in the 2008 Farm Bill to promote and encourage economic development in areas of Alabama, Georgia, Mississippi, North Carolina, South Carolina, Virginia and all of Florida. SCRC invests in projects that support basic infrastructure, business development and natural resources, as well as workforce and labor development. SCRC’s mission is to help create jobs, build communities, and improve the lives of those who reside in the 428 counties of the seven-state region.    “SCRC grants are an important resource for the ongoing support efforts for the Southeast Crescent region of Virginia,” said Virginia Department of Housing and Community Development Director Bryan Horn. “The program’s flexibility allows us to offer targeted assistance in community-identified areas, filling in funding gaps and offering holistic support.”    Additional information about SCRC is available here.    2023 SCRC Recommendations:  Organization Project Name Award Industrial Development Authority of Brunswick County Brunswick County Produce Project $500,000 Maggie Walker Community Land Trust Oak Grove Resilience: Building a Brighter Future Together $500,000 Southside Community Development and Housing Corporation Southside Community Development and Housing Corporation Emporia Rail Depot Townhomes $350,000 Campbell County Economic Development Department Seneca Commerce Park Grading JKL Sites Project $202,459 Total: $1,552,459  

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Tenant and Landlord Resources

Current state law requires landlords and tenants to cooperate with each other in matters regarding nonpayment of rent and applying for rental assistance based on income eligibility and availability of rental assistance funds. If you feel like this is not happening, you should contact an attorney to learn more about your legal rights.

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