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homeSearch DHCD Access CAMS About Housing Businesses Communities Codes Broadband English English Amharic Arabic Chinese (Simplified) Chinese (Traditional) Dutch French German Italian Korean Persian Portuguese Russian Spanish Swahili Vietnamese Tenant and Landlord Resources Careers Whitewood Flood Relief Bandy Flood Relief Hurley Flood Relief Commission on Local Government Partners for Better Communities Partners for Better Connectivity Partners for Better Housing Partners for Better Businesses Previous Next Recent News 04.12.2024 Governor Glenn Youngkin Announces $1.5 Million in Grants Through the Port Host Community Revitalization Fund Funding will support redevelopment projects in port host communities of Newport News and Norfolk Governor Glenn Youngkin today announced $1.5 million in Port Host Communities Revitalization Fund (PHCRF) awards for the cities of Newport News and Norfolk. The two grants will redevelop the 39-acre Seafood Industrial Park dock in the city of Newport News and renovate the historic Riverview Theater in the city of Norfolk. Revitalizing derelict structures will not only stimulate job creation but also act as a driving force for fresh economic prospects in these port host communities,” said Governor Glenn Youngkin. Through the Port Host Community Revitalization Fund, our investment is a step towards enhancing our infrastructure, bolstering our economy, and enhancing the lives of Virginians.” The General Assembly allocated $1.5 million in Port Host Communities Revitalization Fund grants through 2023. This money will assist with the removal, renovation, or modernization of port-related buildings and facilities in Virginia’s five port host communities: the town of Front Royal, and the cities of Newport News, Norfolk, Portsmouth and Richmond. The heart of the Port Host Communities Revitalization Fund lies in its adaptability,” said Secretary of Commerce and Trade Caren Merrick. This flexibility empowers us to address diverse needs within the port host communities, each with distinct needs and market-driven strategies for revitalization.” Both of these projects will make important investments that will help ensure our economy continues to grow in our Port Host communities,” said Director of the Virginia Department of Housing and Community Development Bryan Horn. This program continues to be a key source of funding for these crucial projects that transform structures, communities and economies.” For more information, visit dhcd.virginia.gov/phcrf. 2024 Port Host Communities Revitalization Fund Grants: Seafood Industrial Park (SIP) Dock Improvements | $800,000City of Newport News The city of Newport News will improve the dock at the 39-acre Seafood Industrial Park, including the demolition of existing pier structures, the installation of a new system that will include shore power and water, as well as dredging to increase capacity for watermen. Riverview Theater | $700,000City of Norfolk The city of Norfolk, in partnership with the Norfolk Economic Development Authority and a private developer, will renovate the historic Riverview Theater on Granby Street. The renovation will include theater and marquee improvements, as well as storm water and paving an adjoining parking lot. The renovated 500-seat theater will host live music, concerts, movies and theatrical performances, as well as serve as a private event venue for weddings, corporate events, fundraisers and festivals. 03.29.2024 Governor Youngkin Announces More Than $10 Million in Industrial Revitalization Funds Investment will support community revitalization, industrial site development, and workforce development Governor Glenn Youngkin today announced over $10 million for seven Industrial Revitalization Fund (IRF) grants for the cities of Buena Vista, Martinsville and Petersburg, and the towns of Blackstone, Halifax, Lawrenceville and Wytheville. The seven awarded projects will create over 330 jobs and 87 new housing units, as well as leverage an additional $49 million in private investment. The transformation of unused, dilapidated or blighted structures into productive, vibrant sources of community pride is paramount to catalyzing economic growth and fostering strong local economies,” said Governor Glenn Youngkin. Strategic and targeted investments like these are critical to ensuring that localities have the resources they need to complete projects that will directly benefit their communities and spur regional development efforts.” IRF leverages local and private resources to achieve market-driven redevelopment of vacant and deteriorated industrial and commercial properties. The program is targeted toward vacant non-residential structures whose poor condition creates physical and economic blight to the surrounding area in which the structure is located. Nineteen proposals were received this funding round and reviewed and evaluated competitively, with an emphasis on those with a high level of blight, identification of impediments to economic development efforts, alignment with regional or local strategies, availability of matching resources, the level of community distress where the property is located, and an identified and feasible end use. Strong infrastructure is key to any successful economic strategy,” said Secretary of Commerce and Trade Caren Merrick. Through IRF grants, we are able to make investments in both Virginia’s infrastructure and vibrancy by supporting impactful projects, encouraging strategic collaborations and fostering strong local economies across the Commonwealth.” Financial barriers often block the timely redevelopment of vacant structures,” said Director of the Virginia Department of Housing and Community Development, Bryan Horn. The IRF program is intended to leverage local and private resources for redevelopment of derelict structures, creating a catalyst for employment opportunities and ongoing economic revitalization in these communities.” Since 2012, the IRF program has funded 66 projects that have revitalized vacant, blighted buildings. These projects have generated more than $228 million in additional public and private investment and resulted in the creation of more than 1,200 jobs across Virginia. For more information on IRF, visit dhcd.virginia.gov/irf. FY2024 IRF Awardees: 03.06.2024 Governor Youngkin Announces Over $129 Million in Affordable and Special Needs Housing Loans Funding will support new construction and rehabilitation of over 5,358 affordable and special needs housing units Governor Glenn Youngkin announced today more than $129 million in Affordable and Special Needs Housing loans for 78 projects across the Commonwealth. The recommended projects will create and preserve 5,358 total units for low-income and extremely low-income households. Ensuring accessible and affordable housing for Virginians isn’t just a basic requirement, it’s a strategic pillar for our state’s continued success,” said Governor Glenn Youngkin. By keeping homes affordable and available, we are cultivating economic growth, strengthening our communities and laying the foundation for a thriving Virginia.” The Virginia Department of Housing and Community Development (DHCD) administers Affordable and Special Needs Housing (ASNH) loans, which combines state and federal resources to provide a simplified and comprehensive application process. Funding comes from four main sources: the federal HOME Investment Partnerships Program (HOME), the federal National Housing Trust Fund (NHTF), Housing Innovations in Energy Efficiency (HIEE) and the Virginia Housing Trust Fund (VHTF). VHTF is funded by the Commonwealth and supports financing for housing construction projects that create or preserve affordable housing units, reduce the cost of affordable housing and increase homeownership. This funding is a key source of financing for these affordable housing initiatives to support moderate- and low-income families, as well as supporting homeless reduction grants to provide...