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Amount available for Award: Approximately $2.5 million is available to private developers and NVRC member local governments for the development of new affordable housing units in Northern Virginia.
Allowable Uses & Priority Populations: Housing may be homeownership or rental units serving homebuyers or tenants with incomes at or below 80% Adjusted Median Income. Rental units underwritten by this funding must be habitable by 6/30/2024; homebuyer units must be closed and ready for move-in by the same date.
Funding goals include:
Request for Applications:
The RFA, and NVRC Attachments, can be found at here.
Updates will be posted to this website as the procurement process progresses.
Anticipated dates for Notification of Awards:
Awards are anticipated to be finalized and successful Applicants notified in January 2022.