Richmond, VA - The City of Richmond announced today the opening of a new funding round through the Affordable Housing Trust Fund (AHTF), providing critical resources to support the creation and preservation of affordable housing units in the City. Applications will be accepted on a rolling basis until all available funds have been allocated.

The announcement comes just over one month after the City awarded $9 million from the fund to support eight housing projects and the City's own 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."

Nonprofit and for-profit housing developers are encouraged to apply. Program guidelines and application information can be found on the AHTF webpage here, as can a recording of the AHTF Training Course and Q&A session, presented by the Department of Housing and Community Development.

"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 reviewed competitively based on alignment with the City's housing priorities, including affordability levels, project readiness, and community benefit, among others. For more information and to submit an application, please visit go.rva.gov/HCDAHTF.