Subject:
Title
Update on ARPA Housing Development Fund
Body
Presented By: Liz Webb
Recommendation and Review
Harrisonburg City Council previously created a Housing Development Fund with $2 million from ARPA State and Local Fiscal Recovery Funds. After creating and publicizing a Notice of Funding Opportunity (NOFO), staff received funding requests from a number of developers for housing projects. These were reviewed and evaluated by a committee. Funding recommendations are based on criteria detailed in the NOFO, which prioritize projects anticipated to bring affordable housing units online successfully and swiftly, while meeting the community’s most urgent needs.