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Applications accepted on a rolling basis; must be submitted at least 70 days before an anticipated response is required.
Affordable Housing Performance Grant Program is sponsored by Economic Development Authority of the City of Richmond, Virginia (EDA). This program incentivizes the development of safe and affordable multi-family housing in Richmond by providing annual grants to offset a development's incremental real estate tax burden for an initial 15-year period, with potential for an additional 15 years.
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Richmond Affordable Housing Performance Grants Rendering of 7000 Carnation A collaborative partnership between the City and the EDA, the Affordable Housing Performance Grant Program incentives the development of safe and affordable multi-family housing in Richmond.
The Economic Development Authority of the City of Richmond, Virginia (EDA) offers Affordable Housing Performance Grants in collaboration with the City of Richmond to further the development of affordable housing on a continuous basis throughout the year.
The program is designed to induce the private development of new, affordable multifamily units by providing annual grants to offset a development’s incremental real estate tax burden for an initial 15-year period, with the potential for an additional 15 years of benefit. Performance grant applications will be accepted, reviewed, and evaluated by the EDA and the City’s Department of Housing and Community Development (HCD) staff.
Based on the evaluation, staff recommendations are provided to the EDA Board of Directors and Richmond City Council for consideration and formal approval through their respective legislative processes. The outcome of the evaluation and approval process is not guaranteed.
To combat the affordable housing shortage, to further economic development, and specifically to incentivize the development of affordable housing across the Commonwealth, the General Assembly passed HB 1194 during the 2022 Session, and it became effective on July 1, 2022. HB1194 amended Ch. 49, Title 15.
2 of the Code of Virginia, known as the “Industrial Development and Revenue Bond Act,” to allow local Economic Development Authorities, in conjunction with their local governing bodies, the power to make grants associated with the construction of affordable housing.
In response to the housing crisis declared by Mayor Stoney and the City Council through Resolution No. 2023-R019 adopted on April 10, 2023, the EDA and HCD worked collaboratively to create the Affordable Housing Performance Grant Program to incentivize the development of safe and affordable rental housing in the City.
Please download, read, and carefully review all information contained in this Application Packet , including the associated attachments, before completing the application. Applications must be submitted at least 70 days before an anticipated response is required. Incomplete applications will not be evaluated or considered for decisions until all required information have been provided.
Download the Application Package Interested in growing your business in Richmond, Virginia? Reach out to Richmond Economic Development. BUSINESS INVESTMENT & JOB CREATION
Scoring criteria used to review proposals for this grant.
Based on current listing details, eligibility includes: Developers of new construction multi-family residential rental projects in the City of Richmond. Preference is given to projects with units rented to households at or below 50% of the Area Median Income. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Up to 100% of the incremental new real estate taxes levied Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
Yes — AI tools like Granted can help research funders, draft proposal sections, and check compliance. However, always review and customize AI-generated content to reflect your organization's unique strengths and the specific requirements of the solicitation.
Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.
The Fund for Women & Girls Grant Program is sponsored by The Foundation for Enhancing Communities (TFEC). The Fund for Women & Girls, an initiative of TFEC, makes grants to local nonprofit organizations in specific South Central PA counties. The grants support projects that advance the lives of women and girls by providing opportunities to address basic needs, develop economic self-sufficiency, and strengthen health and safety needs.
VGF grants will be used to develop and/or support community-based entities to recruit, manage, and support volunteers. CNCS seeks to fund effective approaches that expand volunteering, strengthen the capacity of volunteer connector organizations to recruit and retain skill-based volunteers, and develop strategies to use volunteers effectively to solve problems. Specifically, the VGF grants will support efforts that expand the capacity of volunteer connector organizations to recruit, manage, support and retain individuals to serve in high quality volunteer assignments.Applicants that receive funding under this Notice may directly carry out the activities supported under the award, or may carry out the activities by making sub-grants to community-based entities, supporting volunteer generation at these entities.). Funding Opportunity Number: AC-05-25-21. Assistance Listing: 94.021. Funding Instrument: G. Category: O. Award Amount: $6.1M total program funding.