The City of Richmond has opened a new funding round for its Affordable Housing Trust Fund (AHTF), aiming to support the creation and preservation of affordable housing within city limits. Applications will be accepted on a rolling basis until all funds are distributed.
This announcement follows the recent allocation of $9 million from the AHTF, which was used to support eight housing projects as well as the city’s Healthy Homes rehabilitation program.
“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.”
Both nonprofit and for-profit developers are invited to apply for funding. Details about program guidelines, application procedures, and access to a training course with a Q&A session are available on the AHTF webpage at go.rva.gov/HCDAHTF.
“We highly encourage every eligible partner in the Richmond area to explore and seriously consider this opportunity, and to put forward proposals that meet the City’s urgent needs to affordable housing,” said Director of Housing and Community Development Merrick Malone. “Funding allocations like this are critical to the City’s ability to keep pace with growth while protecting the ability of longtime residents to thrive in their neighborhoods.”
Applications will be assessed based on how well they align with city priorities such as affordability, readiness for development, and community benefits.
