Virginia Beach, VA boosts affordable housing with new grant program

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Virginia Beach has launched the Attainable Workforce Housing Performance Grant program to incentivize private developers to build affordable multifamily rental housing. The program provides annual performance-based grants to approved developers to help bridge funding gaps and make such projects more financially viable. The initiative has already supported two initial projects resulting in 372 affordable rental units.

Affordable Housing

Virginia Beach, VA

Municipality in Virginia

United States

Newsworthy

Virginia Beach looks to kick-start affordable housing with new grant program | Smart Cities Dive

More than 370 affordable rental units are in the pipeline following rezoning efforts and the launch of an Attainable Workforce Housing Performance Grant, the city said.

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