Housing Trust Fund Webinar

Housing Trust Fund How-to-Apply Workshops

The Virginia Housing Trust Fund is intended to create and preserve affordable housing and to reduce homelessness in the commonwealth, and applications for the program will be opening soon. In order to cover the application process, the Department of Housing and Community Development will be holding several how-to-apply workshops throughout the state to cover the application process for the Homeless Reduction Grant Program and the Competitive Loan Fund.

Competitive Loan Fund

Funding in this component will be used to provide flexible financing for low-interest loans through eligible organizations. It is anticipated that approximately $5.5 million will be made available, with projects capped at no more than $750,000. Loans may be provided for:

  • Affordable rental housing to include new construction, rehabilitation, repair or acquisition of housing to assist low- to moderate-income citizens and land and land improvements

  • Down payment and closing cost assistance for homebuyers

  • Short-, medium- and long-term loans to reduce the cost of homeownership and rental housing

Homeless Reduction Grants

Funding in this component will be used to provide grants through eligible organizations for targeted efforts to reduce homelessness. It is anticipated that approximately $1 million will be made available, with projects capped at no more than $100,000. Projects may include:

  • Temporary rental assistance, not to exceed one year

  • Housing stabilization services in permanent supportive housing for homeless individuals and families

  • Mortgage foreclosure counseling targeted at localities with the highest incidence of foreclosure activity

  • Predevelopment assistance for permanent supportive housing and other long-term housing options for the homeless

Eligible organizations for the Housing Trust Fund programs include:

  •  Localities
  • Local government housing authorities
  • Regional or statewide housing assistance organizations that provide assistance to low- and/or moderate-income citizens of Virginia
  • Limited liability companies expressly created for the purpose of owning and operating affordable housing

The following are the dates and locations of the workshops:

Tuesday, July 7
Woodbridge
10 a.m.-noon

Wednesday, July 8
Hampton
2-4 p.m.

Thursday, July 9
Wytheville
1-3 p.m.

Monday, July 13
Topic:  Housing Trust Fund Webinar
Date:   July 13, 2015
Time:   1 – 3 p.m.
Meeting Number:                 597 563 533   
Web Conference Link:         Please click here for link