Virginia Governor Proposes $113 Million for Affordable Housing in 2020-2022 Budget

Governor Ralph Northam (D-VA) announced his proposed budget will include $92 million in new funding to address housing affordability, eviction rates and supportive housing throughout the Commonwealth. The Governor’s proposed budget invests $63 million in the Virginia Housing Trust Fund (VHTF), bringing the total amount to $84 million over three years. The budget would establish and invest $6.6 million in an Eviction Prevention and Diversion Pilot Program. Then $22.4 million in new funding would go towards ensuring populations with special needs have access to safe, affordable housing through 350 new rental assistance slots for individuals with intellectual and developmental disabilities, permanent supportive housing funds for individuals being discharged from state behavioral health facilities and increased funding for statewide discharge assistance plans.