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Governor Northam Announces Over $60 Million in Affordable and Special Needs Housing Loans

Funding will support new construction and rehabilitation of over 2,500 affordable and special needs housing units

RICHMOND – Governor Ralph Northam today announced more than $60 million in Affordable and Special Needs Housing loans for 42 projects across the Commonwealth, creating or preserving 2,552 affordable housing units for low-income and extremely low-income households. The funding will improve access to energy efficient affordable housing, reduce homelessness, provide permanent supportive housing options for individuals with intellectual and developmental disabilities, and complete energy efficiency updates in affordable housing units.

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