On February 26, Governor Glenn Youngkin announced $139 million in Affordable and Special Needs Housing (ASNH) loans for 41 projects across the state, including five within the CSPDC’s region. Of this total, more than $19 million has been allocated to affordable housing projects in Waynesboro and Harrisonburg.
The funding aims to create and preserve housing units for low-income and extremely low-income households. The Virginia Department of Housing and Community Development (DHCD) administers the ASNH program, with funding drawn from multiple sources, including the federal HOME Investment Partnerships Program (HOME), the National Housing Trust Fund (NHTF), Housing Innovations in Energy Efficiency (HIEE), and the Virginia Housing Trust Fund (VHTF).
Among the local recipients:
- The Harrisonburg Redevelopment and Housing Authority secured over $9 million for two developments as part of the Bluestone Town Center.
- The Beverly J. Searles Foundation received a $5 million loan for its Harrisonburg Family I project.
- Enterprise Community Development received $4 million for its 1030 Alston Court project in Waynesboro.
- Woda Cooper Development was awarded $1 million for the Rosenwald Pointe project in Waynesboro.