Resources for Landlords and Developers

There are a number of incentives for landlords and housing developers to create new units or modify existing units of affordable housing for individuals with ID/DD. Listed at right are a few programs that provide financing and gap funding to create affordable housing for individuals with special needs. The chart below provides program descriptions and points of contact for each of the resources.


Agency

Resource

Description

Point of Contact

Amount

Date Duration

Eligible to Apply

Region Available

DHCD

HOME - Affordable and Special Needs Housing

The  Affordable Housing and Special Needs (ASNH) Housing Program fills gaps in financing the development of new and rehabilitated affordable and special needs housing for low-income Virginians.  Assistance is most often provided as permanent financing.

Willie Fobbs Willie.Fobbs@dhcd.virginia.gov

Projects funded at up to $500,000 or $700,000; depending upon facility type

Quarterly application. March 31, June 30, Sep. 30 and Dec. 30.

Applicants include nonprofit or for-profit housing developers, CHDOs and public housing authorities seeking to develop affordable housing projects in Virginia.

Statewide, but the program gives priority to projects outside those areas receiving a direct federal HOME allocation through a local PJ or HOME consortium.

DHCD

Permanent Supportive Housing Program

The highest priority use for these funds is the creation of additional permanent supportive housing through new construction, adaptive reuse or rehabilitation of an existing structure.
The second priority for the use of these funds is the rehabilitation of existing permanent supportive housing units. Projects must include a full continuum of appropriate services for project residents. Services must be tailored to the targeted population. Commitments from the service providers must be documented at the time of application.

Chris Thompson Chris.Thompson@dhcd.virginia.gov

Up to $500,000 per project.

Depends upon availability of funds.  Contact DHCD for further information.

Local governments and affiliated entities, housing and redevelopment authorities, affordable housing developers (both for-profit and non-profit), limited liability holding companies and homeless service providers may apply for Permanent Supportive Housing funds.

Statewide

DHCD

Neighborhood Stabilization Program

The Neighborhood Stabilization Program provides emergency assistance to state and local governments in acquiring and redeveloping vacant and foreclosed properties that might otherwise become sources of abandonment and blight within their communities.

Cheri Miles Cheri.Miles@dhcd.virginia.gov

Depends upon end-use.

Funds fully obligated but opportunities may exist to partner with existing grantees.

Funds fully obligated.  Visit DHCD website for a list of partners.

Only available for areas of high foreclose. Visit the DHCD website for a listing.

VHDA

Micro-Board Loan Program

A low-interest home loan program to buy, own and
operate a single-family home by a microboard created
to support a disabled person. The microboard must
incorporate as a Virginia non-stock, non-profit corporation in order to be the mortgagor.

Beth Seward   Elizabeth.Seward@VHDA.com                                                              

Varies

Immediately

Micro-Board corporation

Statewide

VHDA

SPARC Program

Permanent mortgage financing for rental housing; below market interest rate

Beth Seward   Elizabeth.Seward@VHDA.com                                                              

Varies

Immediately

Developers

Statewide

VHDA

Predevelopment Loans/Grants

Funds that provide access to below-market predevelopment
financing for typical predevelopment expenses and
VHDA technical assistance.

Beth Seward Elizabeth.Seward@VHDA.com

Up to $50,000; Up to $100,000 in NOVA

Immediately

Nonprofits and Public Entities (& For-profits?)

Statewide

VHDA

Accessibility Modifications

Grant to modify unit to meet accessibility needs of tenant

Debbie Griner  Debbie.Griner@VHDA.com

Up to $10,000

7/1/2015

DOJ Target Population

Statewide

VHDA

Supportive Housing Pilot Program

Capital investment to facilitate units for the IDD population

Art Bowen                          Art.Bowen@VHDA.com

Varies based on financing model

7/1/2015

DOJ Target Population

Statewide

VHDA

Landlord Participation Initiative

Revolving Fund to facilitate tenant with IDD obtaining rental unit.

Beth Seward   Elizabeth.Seward@VHDA.com                                                              

Varies

9/1/2015

Landlords serving the DOJ Target Population

Statewide

DBHDS

Rental Choice VA

Rental Assistance for DOJ Target Population- 20 individuals assisted

Eric Leabough Eric.Leabough@dbhds.virginia.gov

$712,000

November 2014 - July 2018

DOJ Target Population

Fairfax and VA Beach

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