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| Friday, May 11, 2012 |
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| Virginia Housing Trust Fund Approved The Virginia House and Senate approved the $85 billion budget for the Commonwealth, which includes the creation of the “Virginia Housing Trust Fund.” The Trust Fund would provide $7 million in initial capitalization in the second year of the biennial budget. The Trust Fund will support a broad range of housing initiatives and affordable housing efforts including homelessness and homeownership, which will be funded through grants and low-interest loans. In an effort to support the reduction of homelessness in the Virginia, up to 20% in grants will be targeted to address the needs of that population. The Virginia Department of Housing and Community Development (DHCD) and Virginia Housing Development Authority (VHDA) with jointly administer the Housing Trust Fund; DHCD will lead the program design and fund allocations, and VHDA will oversee loan underwriting and administration. The funds for the Housing Trust Fund came from Virginia’s $69 million share of the settlement with banks over foreclosure improprieties. Only $7 million will be made available for housing. The balance of the settlement will be spent on other state priorities. For more information on the Housing Trust Fund, visit: http://www.housingvirginia.org/T1.aspx?PID=615 |
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Fairfax County Awarded Ten Additional Veterans Housing Vouchers The U.S. Department of Housing and Urban Development recently announced that the Fairfax County Redevelopment and Housing Authority (FCRHA) was awarded ten HUD-Veterans Affairs Supportive Housing (VASH) vouchers. These ten vouchers are in addition to the 38 already being successfully administered by the FCRHA, and give Fairfax County greater capacity to provide much-needed affordable housing for homeless military veterans and their families. About the VASH Program: In 1992, the Department of Veterans Affairs (VA) and HUD established the HUD-VASH Program. The VA provides case management services by screening homeless veterans for program eligibility while HUD provides permanent housing subsidies to homeless veterans and their immediate families by allocating rental subsidies from its Housing Choice Voucher (HCV) program. The primary goal of HUD-VASH is to move veterans and their families out of homelessness. A key component of the program is the VA’s case management services. These services are designed to improve the veteran’s physical and mental health and enhance the veteran’s ability to live in safe and affordable permanent housing (in a community chosen by the veteran). The HUD-VASH program combines HCV rental assistance for homeless veterans with case management and clinical services provided at VA medical centers in the community. The VASH Program in Fairfax County: Administering the additional VASH vouchers is consistent with the Ten-Year Plan to Prevent and End Homelessness and implementation of the county’s Housing Blueprint. For more information about the FCRHA’s successful administration of the VASH program, please see the recent “Faces of Housing” article here. |
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Tom Fleetwood |
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FCRHA Commissioner Appointed to Governing Board of the Community Partnership to Prevent and End Homelessness |
Willard Jasper |
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