Virginia's Governor launches $75M program for 5,000 affordable homes near job sites.

Virginia's Governor Glenn Youngkin launched a $75 million, five-year initiative to build 5,000 units of affordable housing for middle-income workers. The Workforce Housing Investment Program will provide loans, subsidies, and grants to localities and nonprofits. To qualify, localities must be within a 30-minute drive of businesses adding new jobs. The program aims to address Virginia's housing shortage and align economic development with workforce housing needs.

November 14, 2024
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