$900K In VA Funds Dedicated To Affordable Housing Projects In Prince William County

PRINCE WILLIAM COUNTY, VA — Two housing projects in the Prince William County area are among the 34 projects to receive a total of more than $27 million in state Affordable and Special Needs Housing loans, according to a release on Friday from Virginia Gov. Glenn Youngkin office.

"These projects will provide critical support to our most vulnerable populations, strengthening our economy, and improving the quality of life for countless Virginians," Youngkin said, in the release. "Stable and affordable housing is foundational to building a thriving economy. These projects were carefully selected to ensure they make the most impact on their future residents and the surrounding communities."

The $27 million in loans will help create and persevere 1,990 units for low-income and extremely-low incoming housing. The projects include 1,588 new construction units and 137 permanent supportive housing units plus 16 units for sale as homeownership opportunities.

A full list of the 2022 spring ASNH awards can be found here.

In the Prince William County area, the loan funding will be going to two projects:

• Senior Townsquare at Dumfries: Community Housing Partners
  • This Dumfries affordable housing project will receive $700,000 in state funds. The project is a new construction that will include rental units that will be available for seniors who earn between 30 and 80 percent of the area's median income.
• Quarry Station II: Wesley Housing Development Corporation
  • This renovation project in the City of Manassas will receive $200,000 in state funds. The project will focus on renovating 79 units intended for people who make between 40 and 50 percent of the area's median income. The project plans to partner with the Arc of Prince William to provide housing for people with disabilities, including those with mental illness.

"Affordable and Special Needs Housing loans continue to be a vital resource for increasing the stock and availability of affordable housing and supporting an economy that works for all Virginians," said Secretary of Commerce and Trade Caren Merrick, in a release.