Home investment partnerships program

The Virginia Department of Housing and Community Development received a $9.9 million formula grant award from the U.S. Department of Housing and Urban Development (HUD), Assistant Secretary for Community Planning and Development, under the Home Investment Partnerships Program (CFDA 14.239) on September 24, 2025. The award extends through September 30, 2034. As a state participating jurisdiction, the department administers HOME funds to support affordable housing development and rental assistance activities throughout Virginia, distributing allocations to local governments, nonprofit organizations, and community-based partners statewide.

The award finances a range of affordable housing activities, including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance for low-income households. All HOME-assisted housing must meet income targeting and affordability requirements, with assisted units remaining affordable for 5 to 20 years depending on the activity type and amount of HOME funding contributed. The department operates as a pass-through administrator, directly implementing HOME projects or providing funds to developers, housing owners, and nonprofit partners to expand the supply of affordable housing across the Commonwealth.