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Find similar grantsHomeless Reduction Grants is sponsored by Virginia Housing Trust Fund. Funds permanent supportive housing for chronic homelessness, rapid re-housing for individuals and families, and innovative projects for underserved populations including domestic violence survivors.
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Virginia Housing Trust Fund - Virginia Housing Alliance Virginia Housing Trust Fund In 2013, the General Assembly established the Virginia Housing Trust Fund (VHTF) as a flexible financial resource to create, preserve, and support affordable housing projects that cater to the diversity of Virginia’s low-income residents – including individuals, families, veterans, senior citizens, people with disabilities, and those who are experiencing or at risk of homelessness.
Each year, the General Assembly allocates funds to the VHTF, which are administered by the Department of Housing and Community Development (DHCD) . Overall, the VHTF strengthens the ecosystem of affordable housing financing in Virginia by offering both loans and grants that prioritize housing for those who need it the most.
Affordable and Special Needs Housing Eighty percent of the funds are distributed through the Affordable and Special Needs Housing (ASNH) competitive loan pool. Priority is given to deeply affordable and permanent supportive housing projects, but all projects must at least have units affordable to those making 80 percent of the Area Median Income (AMI) or less.
VHTF loans are often used in collaboration with other partner programs, such as the Housing Innovations in Energy Efficiency (HIEE) program, to develop projects that are also environmentally sustainable and energy efficient. Because VHTF awards are often the final dollars needed to make a project viable, these loans help leverage billions more in other funding sources.
Homeless Reduction Grants The remaining 20 percent of the VHTF is set aside for Homeless Reduction Grants available to homeless service providers across the state. These grants have been used in a variety of ways, including rapid re-housing, projects for unaccompanied youth or older adults experiencing homelessness, and rental assistance and supportive services for households enduring chronic homelessness.
How the Virginia Housing Trust Fund is used This chart shows the amount of funding invested in the VHTF each year and how those dollars have been used over time. Currently, the VHTF is funded at $87. 5 Million a year, which is the General Assembly’s largest investment in the program to date.
Continued and increased funding is needed to address our statewide shortage of at least 300,000 affordable homes and ensure every Virginian has a safe, stable, and affordable place to live. The Virginia Housing Alliance has committed to publishing an annual impact report for the VHTF to illustrate the compelling success of the Commonwealth’s primary investment in affordable housing.
The 2025 report features projects awarded through the competitive loan pool during the 2020-2021 cycle and with homeless reduction grants for the 2024 program year. From 2014 through 2025, the Virginia Housing Trust Fund has contributed to the preservation and creation of at least 22,368 affordable units and supported over 11, 500 households experiencing or at risk of homelessness .
2025 Virginia Housing Trust Fund Impact Report VHA's annual report about the impact of the Virginia Housing Trust Fund, featuring projects awarded with competitive loans for development or preservation during the 2020-2021 cycle and homeless reduction grants for the 2024 program year.
2024 Virginia Housing Trust Fund Impact Report VHA's annual report about the impact of the Virginia Housing Trust Fund, featuring projects awarded with competitive loans for development or preservation during the 2019-2020 cycle and homeless reduction grants for the 2023 program year. VHA created this one-pager to support our advocacy during the 2025 General Assembly to increases investments in the Housing Trust Fund.
Department of Housing and Community Development’s Website For information about how to apply to receive funding from the Virginia Housing Trust Fund, follow this link to the Department of Housing and Community Development’s website. 2023 Virginia Housing Trust Fund Impact Report VHA's annual report about the Virginia Housing Trust Fund, which features projects awarded in the 2018-2019 funding cycle.
Based on current listing details, eligibility includes: Nonprofits in Virginia Continuums of Care Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates $100,000 - $500,000 Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
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