Funding round opens for Richmond affordable housing projects

RICHMOND, Va. (WRIC) -- The City of Richmond has announced the opening of a new round of funding through the Affordable Housing Trust Fund (AHTF).

The city announced the opening of the funding round on Thursday, Oct. 2. A city spokesperson said AHTF funding provides critical resources to support the creation and preservation of affordable housing units in Richmond.

Applicants will reportedly be accepted on a rolling basis until all available funds have been allocated.

The city said nonprofit and for-profit housing developers are encouraged to apply. Program guidelines and application information can be found on the AHTF webpage, where you can also find a recording of the AHTF Training Course and Q&A session, presented by the Department of Housing and Community Development.  

Applications will be reviewed competitively based on alignment with the City’s housing priorities, including affordability levels, project readiness, and community benefit, among others. 

“Affordable housing takes collaboration, and the AHTF is a valuable tool in fostering the relationship between private and public partners to meet one of our City’s most urgent needs,” said Mayor Danny Avula. “I am hopeful that, with the rolling deadline and technical assistance provided by our Department of Housing and Community Development, we will see new proposals that will advance the affordable housing development Richmonders need and deserve.”

For more information and to submit an application, visit the city's website.